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3 Cards in this Set
- Front
- Back
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Risk Assessment |
A process of detecting hazards and assessing risk |
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ORM Process |
-Decision making process at all levels -Increases the ability to make informed decisions -Minimizes the risk to acceptable levels |
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ORM Principals |
-Accept the risk only when the benefits outweigh the costs -Accept no unnecessary risk -Anticipate and manage risk by planning |
