ORM Flashcards
1
Q
What are the 5 steps of ORM?
A
- Identify hazards
- Assess hazards to determine risk
- Develop controls and make risk decisions
- Implement controls
- Supervise and evaluate
2
Q
What are the principles of ORM?
A
- Accept no unnecessary risk
- Accept risks only when benefits outweigh the cost
- Make risk decisions at the right level
- Anticipate risk and manage risk by planning
