101.1: ORM Process Flashcards
1
Q
What does ORM mean?
A
Operational Risk Management
2
Q
WHAT IS OPERATIONAL RISK MANAGEMENT?
A
A DECISION MAKING TOOL USED BY PEOPLE AT ALL LEVELS TO INCREASE OPERATIONAL EFFECTIVENESS BY ANTICIPATING HAZARDS AND REDUCING THE POTENTIAL FOR LOSS, THEREBY INCREASING THE PROBABILITY OF A SUCCESSFUL MISSION
3
Q
What is the Marine Corps Order for ORM?
A
MCO 3500.27A
4
Q
WHAT IS THE NAVY INSTRUCTION FOR ORM?
A
OPNAVINST 5100.19C
5
Q
What are the 3 concepts of the ORM process?
A
- Increases our ability to make informed decisions by providing the best baseline of knowledge and experience available.
- Minimizes risks to acceptable levels
- Reduce mishaps, lower costs, and provide efficient use of resources