RM Flashcards
What does RM stand for in the context of decision making?
Risk Management
RM is a decision-making tool used to increase informed decisions and minimize risks.
How does RM enhance readiness?
By:
* Enhancing task or mission accomplishment
* Minimizing risk to acceptable levels
* Enhancing decision-making skills
* Providing a systematic structure for risk assessments
* Improving confidence in risk decisions
* Preserving personnel and materiel
* Providing an adaptive process for continuous feedback
* Identifying feasible and effective control measures
RM enhances readiness through various key aspects that improve overall mission success and safety.
What is one way RM minimizes risk?
By minimizing risk to acceptable levels commensurate with the benefit or value of mission or task accomplishment
This approach helps in effective resource management.
What kind of process does RM provide to enhance decision-making skills?
A systematic, reasoned, and repeatable process
This structure supports informed decision-making.
What does RM provide for risk assessments?
A systematic structure
This structure facilitates organized evaluations of potential risks.
What is the effect of adequate risk analysis in RM?
It provides a clearer picture of the hazards and unit capabilities
This clarity aids in better decision-making.
How does RM help preserve personnel and materiel?
By avoiding unnecessary risk, thus reducing mishaps and their associated costs
This preservation is crucial for operational efficiency.
What does RM provide during the planning, preparation, and execution phases?
An adaptive process for continuous feedback
This feedback loop allows for real-time adjustments and improvements.
What does RM identify in the absence of specific standards?
Feasible and effective control measures
This identification is essential for managing risks effectively.
True or False: RM inhibits flexibility and initiative.
False
RM does not inhibit flexibility, initiative, or accountability.
What mindset does RM not support?
‘Zero defect’ mindset
RM acknowledges that risk cannot be completely removed.
What is the first principle of RM?
Accept risk when benefits outweigh the cost
Risk is inherent in war and involved in every mission, with greater potential gain requiring greater risk.
What does the principle ‘Accept no unnecessary risk’ imply?
Take only risks which are necessary to accomplish the mission
Acceptance of risk does not equate to imprudent willingness to gamble.
How should risks be managed according to RM?
Anticipate and manage risk by planning
Risks are more easily controlled when identified early in the planning process.
At what level should risk decisions be made?
At the right level by the leader directly responsible for the operation
Prudence, experience, judgment, and situational awareness are critical in making effective risk management decisions.
What does the in-depth level of RM involve?
Thorough risk assessment when available time for planning is not limiting
It includes research of tactical, engineering, and safety data, and may involve assistance from technical experts.
What are some tools used in the in-depth level of RM?
- Diagrams
- Analysis tools
- Formal testing
- Long-term tracking of hazards
Used to identify and assess hazards in complex operations.
What characterizes the deliberate level of RM?
Ample time to apply the RM process to mission planning
It is most effective when done in a group and uses experienced personnel and brainstorming.
Give an example of RM application integrated at the deliberate level.
The USMC Rapid Response Planning Process (R2P2)
It is used for planning upcoming operations.
True or False: The goal of ORM is to eliminate risk.
False
The goal is to manage risk to accomplish the mission with minimum loss.
Fill in the blank: Risk is related to _______.
[gain]
Normally, greater potential gain requires greater risk.
What is the purpose of reviewing standard operating, maintenance, or training procedures?
To develop damage control and disaster/emergency response plans
This process ensures preparedness for emergencies and efficient response to incidents.
What is the Time Critical level in Risk Management (RM)?
The level at which personnel operate daily, with little or no time to plan
This level is used during training operations and crisis response scenarios.
What is the TCRM ABCD Model used for?
To mitigate time compressed decision making at the Time Critical level
It facilitates the application of Risk Management when time is limited.
