A necessary risk with benefits that outweigh the costs.
The first step of the Coast Guard's Operational Risk Management (ORM) process is to identify hazards. This involves recognizing potential risks that could adversely affect operations or personnel. By systematically identifying these hazards, the Coast Guard can assess and mitigate risks effectively in subsequent steps of the ORM process.
Navy Operational Risk Management (ORM) is a systematic approach used to identify, assess, and mitigate risks in naval operations. It is applied through a five-step process: identifying hazards, assessing risks, analyzing risk control measures, making risk decisions, and implementing controls. This process helps ensure safety and effectiveness in mission planning and execution by promoting informed decision-making. ORM is integral to fostering a culture of safety within the Navy.
Identify Hazards; Assess Hazards; Make risk decisions; Implement Controls; Supervise
Navy ORM is a 5 step process, applied using 4 principles, at 3 levels. 5 steps are: Identify hazards , Assess hazards, Make risk decisions , Implement controls , Supervise (and watch for changes).
Low, Medium, High, and Extremely High
A necessary risk with benefits that outweigh the costs.
A necessary risk with benefits that outweigh the costs.
The process of dealing with risk assoceiated within military operations, which includes risk assessment, risk decision making and implementation of effective risk controls
A web-based tool for producing ORM assessments.
The first step of the Coast Guard's Operational Risk Management (ORM) process is to identify hazards. This involves recognizing potential risks that could adversely affect operations or personnel. By systematically identifying these hazards, the Coast Guard can assess and mitigate risks effectively in subsequent steps of the ORM process.
Make risk control decisions and implement control measures
Make risk control decisions and implement control measures
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Navy Operational Risk Management (ORM) is a systematic approach used to identify, assess, and mitigate risks in naval operations. It is applied through a five-step process: identifying hazards, assessing risks, analyzing risk control measures, making risk decisions, and implementing controls. This process helps ensure safety and effectiveness in mission planning and execution by promoting informed decision-making. ORM is integral to fostering a culture of safety within the Navy.
Develop an implementation plan for risk control measures.
deliberate
Even high-risk endeavors may be undertaken when there is a clear knowledge that the sum of the benefits exceeds the sum of the costs. ORM is about controlling risk, not avoiding all risk.