LS-46 Operational Risk Management

Question 1

Define ORM.

Answer 1

Logic based common sense approach to making calculated decisions on human, material, and environmental factors before, during and after AF mission activities and operations, i.e. on and off the job.

Question 2

State the purpose and scope of ORM.

Answer 2

To enable commanders, functional managers, supervisors, and individuals to maximize operational capabilities while minimizing risks by applying a simple, systematic process appropriate for all personnel and Air Force functions

Question 3

State the goal of ORM.

Answer 3

To enhance mission effectiveness at all levels, while preserving assets and safeguarding health and welfare.

Question 4

Name the four ORM principles.

Answer 4

Accept no unnecessary risk

Make risk decisions at the appropriate level (the one that can allocate the resources to reduce the risk or eliminate the hazard and implement controls)

Accept risk when benefits outweigh cost

Integrate ORM into AF Doctrine and planning at all levels

Question 5

Know the 6-step ORM process.

Answer 5

Identify hazards
Assess risk 
Analyze control measures
Make control decision
Risk control implementation
Supervise and review