ORM Flashcards
WHAT IS ORM
“OPERATIONAL RISK MANAGEMENT” IS 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.
WHAT IS THE FIVE STEP PROCESS TO ORM
I.A.M.I.S. ---------------- I. IDENTIFY HAZARDS A. ASSESS HAZARDS M. MAKE RISK DECISIONS I. IMPLEMENT CONTROLS S. SUPERVISE
WHAT ARE THE FOUR PRINCIPALS OF ORM
- ACCEPT RISK WHEN BENEFITS OUTWEIGH THE COST
- ACCEPT NO UNNECESSARY RISK
- ANTICIPATE AND MANAGE RISK BY PLANNING
- MAKE RISK DECISIONS AT THE RIGHT LEVEL
WHAT IS A HAZARDOUS MATERIAL
BECAUSE OF ITS QUATNITIY, CONCENTRATION, OR PHYSICAL OR CHEMICAL CHARACTERISTICS, MAY POSE A SUBSTANTIAL HAZARD TO HUMAN HEALTH
WHAT IS HAZARDOUS WASTE
A DISCARDED MATERIAL (LIQUID, SOLID, OR GAS) WHICH MEETS THE DEFINITION OF HAZARDOUS MATERIAL OR IS DESIGNATED AS A HAZARDOUS WASTE BY THE EPA
WHAT IS A MSDS
“MATERIAL SAFETY DATA SHEET” TECHNICAL BULLETIN CONTAINING INFORMATION ABOUT MATERIALS, SUCH AS THE COMPOSITION; CHEMICAL AND PHYSICAL CHARACTERISTIC;HEALTH AND SAFETY HAZARDS;AND PRECAUTIONS FOR SAFE HANDLING AND USE.
DEFINE HAZARD
POTENTIAL TO CAUSE PERSONAL INJURY OR DEATH, PROPERY DAMAGE OR MISSION DEGRADATION
DEFINE RISK
AN EXPRESSION OF POSSIBLE LOSS IN TERMS OF SEVERITY AND PROBABILITY
WHAT IS A RISK ASSESSMENT
PROCESS OF DETECTING HAZARDS AND ASSESSING ASSOCIATED RISKS
WHERE IS A MSDS MAINTAINED
ONLINE THROUGH (HMIS) HAZARDOUS MATERIAL INFORMATION SYSTEM