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18 Cards in this Set
- Front
- Back
What is risk management?
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Risk management is the process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance cost and mission benefits.
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What is the purpose of risk management?
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The purpose of risk management is to help organizations and individuals to make informed decisions to reduce or offset risks.
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What is deliberate risk management?
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Refers to situations in which ample time is available to apply the 5 step process.
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What is real-time risk management?
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Refers to the immediate management of hazards as they occur.
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The principles of risk management are?
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Integrate RM into all phases of mission and operations, make risk decisions at the appropriate level, accept no unnecessary risk, and apply RM cyclically and continuously
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What is risk tolerance?
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The level of risk the responsible commander is willing to accept
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What are the five (cyclically and continuously ) step process, applied across all Army operations
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1 Identify hazards, 2 Assess hazards to determine risk, 3 Develop controls and make risk decisions, 4 implement controls, 5 Supervise and evaluate.
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Hazards are what?
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A condition with the potential to cause injury, illness or death of personnel, or loss of equipment property; or mission degradation.
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What is METT-TC
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Mission, Enemy, Time, Terrain & Weather, Troops, Time, and Civil Consideration?
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What is a risk level?
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A type of score that assesses the probability for an event to occur.
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Name the 5 probabilities of a risk level.
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A Frequent, B likely, C Occasional, D Seldom, and E Unlikely
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Name the 4 severities of a risk level.
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1 Catastrophic. 2 Critical, 3 Moderate, 4 Negligible.
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What is a control?
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An action taken to eliminate hazards to reduce risk.
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What are the 3 basic categories “controls” fall into?
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Education, Physical Control, Hazard Elimination Control
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Criteria for effective control must meet these 3 criteria.
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Feasibility, Acceptability, Suitability
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What is the residual risk level
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Risk level + Controls = the residual risk level
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What does Step 5 of Risk Management dictate?
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Supervise and evaluate: Controls to be implemented and performed to standards.
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What are the 4 risk levels?
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Extremely High Risk (EH), High Risk (H), Medium Risk (M), Low Risk (L)
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