Risk Management Flashcards
___ is the process of identifying, assessing, and controlling ___ arising from operational factors and making decisions that balance ___ cost with mission benefits
risk management, risk, risk
The purpose of ___ is to help organizations and individuals to make informed decisions to reduce or offset ___ and to prevent unnecessary loss.
risk management, risk
___ RM refers to situations in which ample time is available to apply the five-step process as part of detailed planning for an operation. ___ RM refers to the immediate management of hazards as they occur.
deliberate, real-time
The 4 principles of Risk Management are:
- Integrate RM into ALL phases of missions and operations
- Make risk decisions at the appropriate level (battalion, brigade, etc)
- Accept no UNNECESSARY risk
- Apply RM cyclically and continuously
A risk ___ is a COMMANDER’s, leader’s, or individual’s determination to accept or not accept the risks associated with an action he or she will take or will direct others to take
decision
risk ___ is the level of risk the responsible commander is willing to accept.
tolerance
An ___ risk is any risk that will not contribute meaningfully to mission accomplishment or will needlessly endanger lives or resources.
unnecessary
5 steps of the cyclical Risk Management process:
- Identify the hazards
- Assess the hazards
- Develop controls and make risk decisions
- Implement controls
- Supervise and evaluate (identify additional hazards, was Risk Level accurate?, make adjustments, Backbriefs, Spot-checks, AARs,)
The first 2 steps of the RM process are known as the ___ steps.
assessment
Steps 3-5 of the RM process are known as the ___ steps.
management
A ___ is a condition with the potential to cause injury, illness, or death of personnel; damage to or loss of equipment or property; or mission degradation.
hazard
What is the acronym for MISSION VARIABLES?
METT-TC
What is METT-TC? (mission variables)
Mission Enemy Terrain and weather (OAKOC) Troops and support available Time available (1/3 - 2/3) Civil considerations
A ___ is a type of score that assesses the odds of something going wrong and the effect (severity) of the incident when it occurs.
risk level
A risk level is assigned based on the combination of ___ and ___
severity, probability
4 RISK levels:
- extremely high risk (GO)
- high risk (Brigade, always decides)
- medium risk (Battalion)
- low risk (Company)
5 PROBABILITY levels:
A. frequent (expected,heat casualty during run in cat 5 heat)
B. likely (regular, IED explosion, accidental discharge)
C. occasional (sporadic, fratricide)
D. seldom (infrequent, electrocution by low voltage)
E. unlikely (improbable, detonation of containerized ammunition)
___ is the frequency and length of time personnel and equipment are subjected to a hazard.
Exposure
___ is the likelihood that an event will occur
probability
___ is the expected consequences of an event in terms of injury, property damage, or other mission-impairing factors
severity
4 levels of SEVERITY:
I. Catastrophic (death, mission failure)
II. Critical (severe injury, illness, damage)
III. Moderate (minor injury, degraded mission readiness)
IV. Negligible (minimal injury, little to no impact)
A ___ is an action taken to eliminate a hazard or to reduce its risk.
control
3 basic categories of CONTROLS:
- Educational (awareness) Controls
- Physical Controls (barriers, guards, signs)
- Hazard Elimination Controls
3 Criteria of effective controls:
- Feasibility (can we do it?)
- Acceptability (worth the cost?)
- Suitability (effective?)
