Risk management

Question 1

What is risk management?

Answer 1

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

Question 2

What are the principles of risk management?

Answer 2

1. Integrated risk management into all phases of missions and operations
2. Make risk decisions at an appropriate level
3. Accept no unnecessary risk
4. Apply risk management cyclically, and continuously.

Question 3

What are the levels of risk for risk management?

Answer 3

1. Low
2. Medium
3. High
4. Extremely high

Question 4

What are the categories of probability for risk management?

Answer 4

1. Unlikely
2. Seldom
3. Occasional
4. Likely
5. Frequent

Question 5

What are the levels of severity for risk management?

Answer 5

1. Negligible
2. Moderate
3. Critical
4. Catastrophic

Question 6

What are the different types of control?

Answer 6

1. Educational controls
2. Physical controls
3. Hazardous elimination controls

Question 7

What is a DD 2977?

Answer 7

A deliberate risk assessment worksheet

Question 8

What is the leaders responsibilities for risk management?

Answer 8

1. Enforce METL task performance to standard
2. Make sure all personnel are trained and competent in the integration of risk management
3. Implement and maintain the controls selected by the commander and assess their effectiveness.
4. Apply and promote risk management integration into all activities of operations process

Question 9

What is an individual’s role in risk management?

Answer 9

Identify and communicate hazards and risks that may affect the mission.

Question 10

What is a risk decision?

Answer 10

A risk decision is a commander, leader, or individual’s determination to accept or not accept the risk(s) associated with an action he or she will take or will direct others to take