Operational Risk Management (ORM)
Terms
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- What directive contains information on Operational Risk Management (ORM)?
- OPNAVINST 3500.39
- What is an effective process for maintaining readiness in peacetime and achieving success in combat without infringing upon the prerogratives of the commander?
- Operational Risk Management (ORM)
- What is a decision making process that enhances operational capability?
- Operational Risk Management
- Operational Risk Management is integrated into what level of a command?
- All levels of the command
- What is a condition with the potential to cause personal injury or death, property damage or mission degradation?
- Hazard
- What is meant by the ORM term "risk"?
- An expression of possible loss in terms of severity and probability.
- What is the process of detecting hazards and assessing associated risks?
- Risk Assessment
- What is the process of dealing with risk associated within military operations, which includes risk assessment, risk decision making and implementation of effective risk controls?
- Operational Risk Management
- What are the five steps of the Operational Risk Management(ORM) process?
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1)Identify hazard
2)Assess hazards
3)Make risk decisions
4)Implement controls
5)Supervise - What are the three ORM Process Levels?
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1)Time-critical
2)Deliberate
3)In-depth - What level of the Operational Risk Management (ORM) process is employed by experienced personnel to consider risk while making decisions in a time-compressed situation?
- Time-critical level
- What level of the Operational Risk Management (ORM) process uses primarily experience and brainstorming to identify hazards and develop controls (and therefore is most effective when done in a group)?
- Deliberate Level
- What level of the Operational Risk Managment (ORM) process is used to more thoroughly study the hazards and their associated risk in a complex operation or system, or one in which the hazards are not well understood?
- In-depth Level
- What are the four pronciples of Operational Risk Management?
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1)Accept risk when benefits outweigh the cost
2)Accept no unnecessary risk
3)anticipate and manage risk by planning
4)Make risk decisions at the right level - What is the goal of Operational Risk Management?
- Not to eliminate risk, but to manage the risk so that the mission can be accomplished with the minimum amount of loss
- When does a leader responsible for executing a mission, elevate the decision to their chain of command?
- When the leader determines that the risk associated with that mission CANNOT be controlled at his/her level, or goes beyond the commander's stated intent.