Risk Management W105 Flashcards
Risk management is the
Process of identifying,assessing, and controlling risks arising from operational factors and making decisions that balance risk cost with mission benefits
What is the purpose of risk management
To help organizations and individuals to make informed decisions to reduce or offset risk.
A risk decision is
A commanders, leaders, or individuals determination to accept or not accept the risk(s) associated within action he or she will take or will direct others to take.
The ultimate goal of risk management
Is to prevent unnecessary loss
Risk management is a tool for
Leaders and supervisors to manage risks for their subordinates
The systematic way of identifying hazards, assessing them, and managing risks.
Risk management
What is deliberate risk management
Situations in which there is ample time to apply the 5 step process as part of detailed panning for an operation
What is realtime risk management
The immediate management of hazards as they occur, usually during an operation or performance of a task.
Risk tolerance
Is the level of risk the responsible commander is willing to accept
An unnecessary risk
Is any risk that, if take, will not contribute meaningfully the mission accomplishment or will needlessly endanger lives or resources.
The 5 steps of risk management are
- Identify the hazards. 2. Asses the hazards. 3. Develop controls and make risk decisions. 4. Implement controls. 5. Supervise and evaluate.
Risk assessment
Is the identification and assessment of hazards
The first two steps of risk management are
Risk assessment
What is a hazard
The condition with the potential to cause injury, illness, or death of personnel; damage to or loss of equipment or property; or mission degradation
What are mission variables in risk management
Mission, enemy, terrain and weather, troops and support available, Time available, and civil considerations
The mission variables are used for
Planning operations
A risk level
Is a type of score that assess the odds (probability) of something going wrong and the effect (severity) of the incident when it occurs.
Probability is
The likelihood an event will occur
Resources and tools that help identify haaards
Experience of other experts, regulations, Manuela, sops, policies, accident data from us acre, war-gaming scenarios, data from risk assessment matrices, readiness assessments, cause and effect diagrams, change analysis, energy trace and barrier analysis,logic diagrams, mapping techniques, training assessments, AARs
Exposure in risk management is
The frequency and length of Time personnel and equipment are subjected to a hazard or hazards
The probabilities in risk management are
Frequent, likely, occasional, seldom, unlikely
Severity is
The expected consequences of an of an event in terms of injury, property damage, or other mission-impairing factors
Severity is assessed by
Catasthic, critical, moderate, and negligible
Controls fall into what three categories
Educational (awareness) controls, physical controls, hazard elimination controls
