Composite Risk Management Basic Course answers?

Answer 1

Step 1:

Identify hazards to the force. Consider all aspects of current and future

situations, environments, and known historical problem areas.

Step 2:

Assess hazards to determine risks. Assess the impact of each hazard in

terms of potential loss and cost based on probability and severity.

Step 3:

Develop controls and make risk decisions. Develop control measures that

eliminate the hazard or reduce its risk. As control measures are developed, risks

are re-evaluated until the residual risk is at a level where the benefits outweigh

the cost. The appropriate decision authority then makes the decision.

Step 4:

Implement controls that eliminate the hazards or reduce their risks.

Ensure the controls are communicated to all involved.

Step 5:

Supervise and evaluate. Enforce standards and controls. Evaluate the

effectiveness of controls and adjust/update as necessary. Ensure lessons learned

are fed back into the system for future planning. Levels of Risk Management