RISK MANAGEMENT EXAM
QUESTIONS AND ANSWERS
Define RM - answer- RM is a decision-making process to systematically evaluate
possible courses of action,
identify risks and benefits, and determine the best course of action (COA) for any
given
situation.
State the goals of RM - answer- -Enhance mission effectiveness at all levels, while
preserving assets and
safeguarding health and welfare.
• Create an Air Force cultural mindset in which every leader, Airman, and employee
is trained and motivated to manage risk in all their on- and off-duty activities.
• Integrate RM into mission and activity planning processes, ensuring decisions are
based upon risk assessments of the operation/activity.
• Identify opportunities to increase AF warfighting effectiveness in all environments,
and ensure success at minimal cost of resources. The RM process shall be
institutionalized and be an inherent part of all military operations to address safety,
occupational and environmental health risks.
Name the four RM principles (One) - answer- Accept no unnecessary risk:
Unnecessary risk comes without a commensurate
return in terms of real benefits or available opportunities;
it will not contribute
meaningfully to mission or activity accomplishment and needlessly jeopardizes
personnel or other assets. All AF missions and daily routines involve risk. The
most logical choices for accomplishing a mission are those that meet all mission
requirements while exposing personnel and resources to the lowest acceptable
risk;
take only those risks that are necessary to accomplish the mission or task.
However, we cannot and should not be completely risk averse;
even high risk
endeavors may be undertaken when there is a well founded basis to believe that
the sum of the benefits exceeds the sum of the costs. Balancing benefits and costs
is a subjective process and tied intimately with the factors affecting the mission or
activity;
therefore, personnel with prior knowledge and experience of the mission
or activity must be engaged whenever possible in making risk decisions to ensure
a proper balance is achieved.
, Name the four RM principles (Two) - answer- Make risk decisions at the appropriate
level:
Although anyone can make a risk
decision that impacts their personal well being, some risk acceptance decisions
must be made by an appropriate decision making authority that can effectively
allocate resources and implement controls to mitigate or eliminate risks associated
with an operation/activity. Making risk decisions at the appropriate level also
establishes clear accountability. Leaders and individuals must be aware of how
much risk they can accept and when to elevate RM decisions to a higher level.
Those accountable for the success or failure of the mission or activity must be fully
engaged in the risk decision process.
Name the four RM principles (Three) - answer- Integrate RM into operations,
activities and planning at all levels:
Integrate RM
into planning at all levels and as early as possible. This provides the greatest
opportunity to make well informed risk decisions and implement effective risk
controls. To effectively apply RM, commanders, supervisors, and personnel must
dedicate time and resources to integrate RM principles into planning, operational
processes and day-to-day activities. Risk assessments of operations and activities
346 Risk Management 347
are most successful when they are accomplished in the normal sequence of
events (the pre-planning of a mission or activity) by individuals directly involved in
the event, and not as a last minute or add-on process. Any amount of pre-planning
that can be accomplished, even in a time constrained environment, is better than
no planning at all.
Name the four RM principles (Four) - answer- Apply the process cyclically and
continuously:
RM is a continuous process applied
across the full spectrum of military training and operations, base operations
functions, and day-to-day activities and events both on- and off-duty. It is a cyclic
process that is used to continuously identify and assess hazards, develop and
implement controls, evaluate outcomes and provide feedback to our Airmen to
save lives and preserve combat resources.
Identify the steps of the RM process (Step 1) - answer- 1. Identify the Hazards: Step
one of the RM process involves application of appropriate
hazard identification techniques in order to identify hazards associated with the
operation
or activity. Hazards can be defined as any real or potential condition that can cause
mission degradation; injury, illness, death to personnel or damage to or loss of
equipment/
property.
Key aspects of this step include:
QUESTIONS AND ANSWERS
Define RM - answer- RM is a decision-making process to systematically evaluate
possible courses of action,
identify risks and benefits, and determine the best course of action (COA) for any
given
situation.
State the goals of RM - answer- -Enhance mission effectiveness at all levels, while
preserving assets and
safeguarding health and welfare.
• Create an Air Force cultural mindset in which every leader, Airman, and employee
is trained and motivated to manage risk in all their on- and off-duty activities.
• Integrate RM into mission and activity planning processes, ensuring decisions are
based upon risk assessments of the operation/activity.
• Identify opportunities to increase AF warfighting effectiveness in all environments,
and ensure success at minimal cost of resources. The RM process shall be
institutionalized and be an inherent part of all military operations to address safety,
occupational and environmental health risks.
Name the four RM principles (One) - answer- Accept no unnecessary risk:
Unnecessary risk comes without a commensurate
return in terms of real benefits or available opportunities;
it will not contribute
meaningfully to mission or activity accomplishment and needlessly jeopardizes
personnel or other assets. All AF missions and daily routines involve risk. The
most logical choices for accomplishing a mission are those that meet all mission
requirements while exposing personnel and resources to the lowest acceptable
risk;
take only those risks that are necessary to accomplish the mission or task.
However, we cannot and should not be completely risk averse;
even high risk
endeavors may be undertaken when there is a well founded basis to believe that
the sum of the benefits exceeds the sum of the costs. Balancing benefits and costs
is a subjective process and tied intimately with the factors affecting the mission or
activity;
therefore, personnel with prior knowledge and experience of the mission
or activity must be engaged whenever possible in making risk decisions to ensure
a proper balance is achieved.
, Name the four RM principles (Two) - answer- Make risk decisions at the appropriate
level:
Although anyone can make a risk
decision that impacts their personal well being, some risk acceptance decisions
must be made by an appropriate decision making authority that can effectively
allocate resources and implement controls to mitigate or eliminate risks associated
with an operation/activity. Making risk decisions at the appropriate level also
establishes clear accountability. Leaders and individuals must be aware of how
much risk they can accept and when to elevate RM decisions to a higher level.
Those accountable for the success or failure of the mission or activity must be fully
engaged in the risk decision process.
Name the four RM principles (Three) - answer- Integrate RM into operations,
activities and planning at all levels:
Integrate RM
into planning at all levels and as early as possible. This provides the greatest
opportunity to make well informed risk decisions and implement effective risk
controls. To effectively apply RM, commanders, supervisors, and personnel must
dedicate time and resources to integrate RM principles into planning, operational
processes and day-to-day activities. Risk assessments of operations and activities
346 Risk Management 347
are most successful when they are accomplished in the normal sequence of
events (the pre-planning of a mission or activity) by individuals directly involved in
the event, and not as a last minute or add-on process. Any amount of pre-planning
that can be accomplished, even in a time constrained environment, is better than
no planning at all.
Name the four RM principles (Four) - answer- Apply the process cyclically and
continuously:
RM is a continuous process applied
across the full spectrum of military training and operations, base operations
functions, and day-to-day activities and events both on- and off-duty. It is a cyclic
process that is used to continuously identify and assess hazards, develop and
implement controls, evaluate outcomes and provide feedback to our Airmen to
save lives and preserve combat resources.
Identify the steps of the RM process (Step 1) - answer- 1. Identify the Hazards: Step
one of the RM process involves application of appropriate
hazard identification techniques in order to identify hazards associated with the
operation
or activity. Hazards can be defined as any real or potential condition that can cause
mission degradation; injury, illness, death to personnel or damage to or loss of
equipment/
property.
Key aspects of this step include:
