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The process of dealing with risk assoceiated within military operations, which includes risk assessment, risk decision making and implementation of effective risk controls
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What is the definition of Operational Risk Management (ORM)?
The process of dealing with risk assoceiated within military operations, which includes risk assessment, risk decision making and implementation of effective risk controls
What is the purpose of operational risk management software?
The phrase Operational Risk Management, is a continual cyclic process in which includes risk assessment, risk decision making, and the implementation of risk controls which can result in acceptance, mitigation, or avoiding risk.
What the are the two primary levels of risk management?
stratigic and operational
What are two primary levels of risk management?
stratigic and operational
What is the risk identification advantage gained by preforming an operational analysis?
What is the wingman concept as it relates to risk management
What is the definition of probability in composite risk management?
science
What are 2 primary levels of risk management?
The two primary levels of risk management are strategic risk management and operational risk management. Strategic risk management focuses on identifying and mitigating risks that could impact an organization's long-term goals and overall strategy, such as market changes or regulatory shifts. In contrast, operational risk management deals with risks that arise from day-to-day operations, including process failures, fraud, or system breakdowns, ensuring that the organization's daily functions run smoothly and efficiently.
Operational risk management?
The risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.
Which one of the following is not one of the risk management principle's?
Risk management must be integrated into operational missions Risk decisions must be made at the lowest level of responsibility Risk is an unavoidable and acceptable result of Army operations Risk management must be applied cyclically and continuously
What in Step 6 of the Operational risk management Process includes what actions?
Supervise, Review, and Feedback
Is the process to mitigate operational risks. Although created with military operations in mind these procedures can be used to plan other activities?
Operational risk management
Definition of risk in PMBOK 4th ed?
The official definition of a Risk & Risk Management as per the PMBOK Guide is: A Risk is an uncertain event or condition that if it occurs, has a positive or negative effect on a Project's Objectives.
