Risk Management W105

Question 1

Risk management is the

Answer 1

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

Question 2

What is the purpose of risk management

Answer 2

To help organizations and individuals to make informed decisions to reduce or offset risk.

Question 3

A risk decision is

Answer 3

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.

Question 4

The ultimate goal of risk management

Answer 4

Is to prevent unnecessary loss

Question 5

Risk management is a tool for

Answer 5

Leaders and supervisors to manage risks for their subordinates

Question 6

The systematic way of identifying hazards, assessing them, and managing risks.

Answer 6

Risk management

Question 7

What is deliberate risk management

Answer 7

Situations in which there is ample time to apply the 5 step process as part of detailed panning for an operation

Question 8

What is realtime risk management

Answer 8

The immediate management of hazards as they occur, usually during an operation or performance of a task.

Question 9

Risk tolerance

Answer 9

Is the level of risk the responsible commander is willing to accept

Question 10

An unnecessary risk

Answer 10

Is any risk that, if take, will not contribute meaningfully the mission accomplishment or will needlessly endanger lives or resources.

Question 11

The 5 steps of risk management are

Answer 11

1. Identify the hazards. 2. Asses the hazards. 3. Develop controls and make risk decisions. 4. Implement controls. 5. Supervise and evaluate.

Question 12

Risk assessment

Answer 12

Is the identification and assessment of hazards

Question 13

The first two steps of risk management are

Answer 13

Risk assessment

Question 14

What is a hazard

Answer 14

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

Question 15

What are mission variables in risk management

Answer 15

Mission, enemy, terrain and weather, troops and support available, Time available, and civil considerations

Question 16

The mission variables are used for

Answer 16

Planning operations

Question 17

A risk level

Answer 17

Is a type of score that assess the odds (probability) of something going wrong and the effect (severity) of the incident when it occurs.

Question 18

Probability is

Answer 18

The likelihood an event will occur

Question 19

Resources and tools that help identify haaards

Answer 19

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

Question 20

Exposure in risk management is

Answer 20

The frequency and length of Time personnel and equipment are subjected to a hazard or hazards

Question 21

The probabilities in risk management are

Answer 21

Frequent, likely, occasional, seldom, unlikely

Question 22

Severity is

Answer 22

The expected consequences of an of an event in terms of injury, property damage, or other mission-impairing factors

Question 23

Severity is assessed by

Answer 23

Catasthic, critical, moderate, and negligible

Question 24

Controls fall into what three categories

Answer 24

Educational (awareness) controls, physical controls, hazard elimination controls

Question 25

What is the criteria for effective controls

Answer 25

Feasibility, acceptability, suitability

Question 26

Residual risk is

Answer 26

The level of risk remaining after re-assessing the mitigating effects of the implemented controls

Question 27

Risk decisions - determinations to accept or not accept the risk are based on

Answer 27

The residual risk level

Question 28

Supervise and evaluated ensures

Answer 28

That controls are implemented and performed to standard

Question 29

Tools to supervise and evalute risk management are

Answer 29

Spot checks, inspections, SITREPS, back briefs, buddy checks, close oversight

Question 30

What form for risk management

Answer 30

DD form 2977

Question 31

The principles of risk management are

Answer 31

Integrate risk management into all phases of missions and operations, make risk decisions at the appropriate level, accept no unnecessary risk,apply risk management cyclically and continuously.