Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
|
Operational Risk Management
|
is a continuous decisionmaking process to systematically evaluate possible
courses of action, identify risks and benefits, and determine the best course of action for any given situation. |
|
|
Operational Risk Management
|
enables commanders, functional managers, supervisors, and individuals to maximize operational
capabilities while limiting all dimensions of risk by applying a simple, systematic process appropriate for all personnel and functions both on- and off-duty |
|
|
ORM Principles
|
Accept No Unnecessary Risk.
Make Risk Decisions at the Appropriate Level. Accept Risk When Benefits Outweigh the Costs. Integrate ORM into Operations and Planning at All Levels. |
