1.7 ORM

Question 1

Principles of ORM

Answer 1

Accept risk when benefits outweigh the costs
Accept no unnecessary risk
Anticipate and manage risk by planning
Make risk decisions at the right level

Question 2

Steps of ORM
IAMIS

Answer 2

Identify Hazards
Assess Hazards
Make Risk Decision
Implement Controls
Supervise

Question 3

Identify Hazards

Answer 3

What could potentially be wrong with this scenario?

Question 4

Assess Hazards

Answer 4

Determine degree of risk for each hazard in terms of severity and probability

Question 5

Risk Assessment Code (RAC)

Answer 5

A means of categorizing what level of risk an evolution could be

Probability
Severity

Question 6

Make Risk Decision

Answer 6

Execute choice and see if it was worth the risk.

Question 7

Implement Controls

Answer 7

Clearly communicate the plan to all involved personnel, establish accountability, and provide necessary support.
Types of control:
Administrative
Physical

Question 8

Supervise

Answer 8

Determining the effectiveness of risk controls throughout the task
Monitor effectiveness
Continuous re-assessment
Capturing lessons learned

Question 9

Levels of ORM
Timeliness of ORM

Answer 9

In depth
Deliberate
Time Critical

Question 10

In-Depth ORM

Answer 10

Time is not a limiting factor; the “right” answer is required for mission success

Question 11

Deliberate

Answer 11

Ample time to apply the process for the “best” answer for success
More effective when done in a group

Question 12

Time-Critical

Answer 12

Little to no time to make a plan