Risk Management Flashcards
What are the principles of risk management (RM)?
Apply RM cyclically and continuously, Accept no unnecessary risk, Make risk decisions at the appropriate level, Apply RM to every mission and activity, both on and off duty
These principles guide the implementation of effective risk management in various operations.
How is the severity of hazards expressed in risk management?
In terms of the degree to which an incident will impact combat power, mission capability, or readiness
Severity impacts decisions on risk mitigation and resource allocation.
What are the four levels of severity used in risk management?
- Catastrophic
- Critical
- Moderate
- Negligible
These levels help categorize the impact of potential incidents.
List the five levels of probability in risk management.
- Frequent
- Likely
- Occasional
- Seldom
- Unlikely
Understanding these probability levels aids in risk assessment and management.
What is the purpose of the risk assessment matrix?
To estimate hazards
The risk assessment matrix is outlined in ATP 5-19, Risk Management.
Who has the authority to approve low risk missions?
Company Commander
This authority allows for quicker decision-making in lower risk scenarios.
Who approves medium risk missions?
BN commanders
Approval from higher command ensures appropriate oversight for medium risk activities.
What does an ‘Extremely High’ risk level indicate?
Mission failure is likely
This level requires immediate attention and action to mitigate risks.
What does a ‘High’ risk level indicate?
Mission degraded; partially complete; below standards
This level suggests serious concerns that need addressing to improve mission effectiveness.
What does a ‘Medium’ risk level indicate?
Mission complete, but below standards
This level indicates that while the mission was completed, it did not meet all established criteria.
What does a ‘Low’ risk level indicate?
Little or no negative impact on mission
This level reflects minimal concerns regarding mission execution.
What are the types of controls in risk management?
- Educational
- Physical
- Hazard elimination (engineering, administrative actions, and PPE)
These controls are essential for effectively managing identified risks.
What is the difference between deliberate and real-time risk assessments?
Deliberate: Ample time is available for detailed planning; Real-Time: Immediate management of hazards as they occur
Both types are crucial for effective risk management in different operational contexts.
Fill in the blank: The completion of the Deliberate Risk Assessment Worksheet must be done with _______.
100% accuracy
Accuracy is vital to ensure effective risk management and decision-making.
