Operational Risk Management

Question 1

What are the 5 steps to the GAR model?

Answer 1

1. Identifying Hazards
2. Assessing Hazards
3. Developing Controls & Making Decisions
4. Implementing Controls
5. Supervising & Evaluating Controls

Operational Risk Management

Question 2

What is any real or potential condition that can endanger a mission.

Answer 2

Hazard

Operational Risk Management

Question 3

What does the STAAR Model stand for when it comes to GAR?

Answer 3

S - Spread out
T - Transfer
A - Avoid
A - Accept
R - Reduce

Operational Risk Management

Question 4

What are three key elements of the Implement Controls in ORM?

Answer 4

• Make Implementation Clear:
• Establish Accountability:
• Provide Support:

Operational Risk Management

Question 5

What are the five steps of the ORM process?

Answer 5

1. Identifying Hazards
2. Assessing Hazards
3. Developing Controls & Making Decisions
4. Implementing Controls
5. Supervising & Evaluating Controls

Operational Risk Management

Question 6

What are the six categories evaluated on the GAR 2.0 risk calculation worksheet?

Answer 6

1. Planning
2. Event
3. Asset- Crew
4. Asset- Cutter/Boat Resources
5. Communications/Supervision
6. Environment

Operational Risk Management

Question 7

What depends on the amount of data, number of participants, and number of steps that must be performed with little margin for error.

Answer 7

Event complexity

Operational Risk Management

Question 8

What include equipment, event platform performance tolerance thresholds, and personnel details such as experience and confidence.

Answer 8

Assets

Operational Risk Management

Question 9

What are the Principles of Risk Management?

Answer 9

• Accept no unnecessary risks
• Make risk decisions at the appropriate level
• Accept risks only when gains are greater
• Incorporate Risk Management into all mission phases

Operational Risk Management

Question 10

When in the mission is Risk Management used at?

Answer 10

All

Operational Risk Management

Question 11

What are the two types of Risk Management?

Answer 11

• Deliberately
• Real-Time

Operational Risk Management

Question 12

What step in the GAR model is the STAAR mobel used at?

Answer 12

Step 3

Operational Risk Management

Question 13

For a mission what are two options that you always have?

Answer 13

• Reject
• Delay

Operational Risk Management

Question 14

What is the P.E.A.C.E. In ORM?

Answer 14

-Planning
-Event Complexity
-Asset
-Communications
-Environment

Operational Risk Management

Question 15

When do you use the P.E.A.C.E model in ORM?

Answer 15

When you are doing the mission

Operational Risk Management

Question 16

When do you use the STAAR model?

Answer 16

Planning to do the mission

Operational Risk Management

Question 17

What General Assessment of Risk does the Coast Guard use?

Answer 17

GAR 2.0

Operational Risk Management