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What is risk management?
What is risk management?
The process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk cost with mission benefits.
Which of the following are principles of risk management? (Select all that apply)
Which of the following are principles of risk management? (Select all that apply)
What are the steps for risk management?
What are the steps for risk management?
Identify the hazards, assess the hazards, develop controls and make risk decisions, implement controls, supervise and evaluate.
Match the probability categories with their definitions:
Match the probability categories with their definitions:
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What are the risk levels?
What are the risk levels?
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What are the severity levels in risk management?
What are the severity levels in risk management?
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Which of the following are types of controls? (Select all that apply)
Which of the following are types of controls? (Select all that apply)
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What is the Deliberate Risk Management Worksheet?
What is the Deliberate Risk Management Worksheet?
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What are troop leading procedures?
What are troop leading procedures?
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List the steps involved in the troop leading procedure.
List the steps involved in the troop leading procedure.
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What is an individual's role in risk management?
What is an individual's role in risk management?
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What are a leader's responsibilities in risk management?
What are a leader's responsibilities in risk management?
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What is a risk decision?
What is a risk decision?
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Study Notes
Risk Management Overview
- Risk management involves identifying, assessing, and controlling operational risks while balancing risk costs with mission benefits.
Principles of Risk Management
- Integrates risk management in every phase of missions and operations.
- Decisions about risk are made at appropriate organizational levels.
- No unnecessary risks should be accepted.
- Risk management is a continual, cyclical process.
Steps for Risk Management
- Identify hazards that could impact operations.
- Assess the identified hazards to determine their potential impact.
- Develop controls and make informed risk decisions based on the assessments.
- Implement necessary controls to mitigate risks.
- Supervise and evaluate the effectiveness of the implemented controls.
Probability Categories
- Risks can be categorized based on likelihood:
- Frequent
- Likely
- Occasional
- Seldom
- Unlikely
Risk Levels
- Risks are categorized into four levels:
- Low
- Moderate
- High
- Extremely High
Severity Levels
- Severity of potential incidents is categorized as:
- Negligible
- Moderate
- Critical
- Catastrophic
Types of Controls
- Controls for managing risks can be educational, physical, or involve elimination of hazards.
Deliberate Risk Management Worksheet
- The DD 2977 form is utilized for documenting risk management processes.
Troop Leading Procedures
- A dynamic process employed by small unit leaders for mission analysis, planning, and preparation.
Steps in Troop Leading Procedures
- Receive the mission details.
- Issue a warning order to notify personnel of upcoming actions.
- Formulate a tentative plan for execution.
- Initiate movement towards the operational area.
- Conduct reconnaissance to gather information.
- Finalize the operational plan.
- Issue orders to subordinates.
- Supervise all actions during the mission.
Individual's Role in Risk Management
- Individuals must quickly identify and communicate any hazards that may jeopardize missions.
Leader's Responsibilities in Risk Management
- Enforce standards for METL task performance.
- Ensure personnel are well-trained in risk management practices.
- Implement and assess the effectiveness of risk controls determined by command.
- Promote and integrate risk management principles into all aspects of operational processes.
Definition of a Risk Decision
- A risk decision is the acknowledgment by a commander or leader to accept or reject the risks associated with intended actions.
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Description
This quiz covers the essentials of risk management, including its principles and the steps involved in the process. Understand how to identify and assess risks while implementing necessary controls to ensure operational success. Test your knowledge on probability categories and risk levels.
