Risk Management

Question 1

Four principles of risk management

Answer 1

a. Integrate into all phases of missions and operations
b. Make risk decisions at the appropriate level
c. Accept no unnecessary risk
d. Apply RM cyclically and continuously

Question 2

Five Steps of RM

Answer 2

a. Identify the hazards
b. Assess the Hazards
c. Develop controls and make risk decisions (Where DD Form 2977 ends)
d. Implement controls
e. Supervise and Evaluate

Question 3

Risk Management

Answer 3

The process of identifying, assessing and controlling risks arising from operational factors and making decisions that balance risk cost with mission benefits

Question 4

Risk Tolerance

Answer 4

The level of risk the responsible commander is willing to accept

Question 5

Control

Answer 5

An Action taken to eliminate a hazard or reduce its risk

Question 6

Risk Decision

Answer 6

A commander, leader, or individual’s determination to accept or not accept the risks associated with an action he or she will take or direct others to take

Question 7

Hazard

Answer 7

a condition with the potential to cause injury, illness, or death of personnel; damage to or loss of equipment or property; or mission degradation.

Question 8

Risk

Answer 8

determined after hazards are identified and analyzed and is presented as a combined expression of loss probability and severity

Question 9

Approval Authorities

Answer 9

a. EH- First GO in chain of command-
b. H- First O6 in CoC
c. M- First O5 unless formally delegated
d. L- approved by Commander of unit responsible (usually company commander- O4)

Question 10

References

Answer 10

ATP 5-19 RM
DA- PAM 385-30
USASOC 385-1
1st SFC 350-1

Question 11

Methods of doing RM

Answer 11

Brainstorming
Scenario Thinking
Timeline based