RISK MANAGEMENT EXAM 2
QUESTIONS AND ANSWERS
What is risk management? - answer- The process of identifying, assessing, and
controlling risks arising from operational factors and making decisions that balance
risk cost with mission benefits.
What is the focus of risk mitigation controls? - answer- Mission accomplishment with
minimal adverse impact on realistic training.
What are the 4 Principles of RM? - answer- 1. Integrate RM into all phases of
missions and ops
2. Make risk decisions at the appropriate level
3. Accept no unnecessary risk
4. RM is a cyclical and continuous 5 step process
What is a risk decision? - answer- A risk decision is a commander, leader, or
individual's determination to accept or not accept
the risk(s) associated with an action he or she will take or will direct others to take.
Why is it important for Higher command to provide an established risk tolerance? -
answer- Subordinate units must understand the level of risk the responsible
commander is willing to accept.
In risk Management, what is considered to be a control? - answer- a control is an
action taken to eliminate a hazard or to reduce its risk.
What is an unnecessary risk? - answer- any risk that, if taken, will not contribute
meaningfully to mission accomplishment or will needlessly endanger lives or
resources. Unnecessary risks are not accepted.
What are the 5 steps of Risk Management? - answer- 1. Identify the hazards
2. Assess the hazards
3. develop controls and make risk decisions
4. implement controls
5. supervise and evaluate
What is a Hazard? - answer- A hazard is a condition with the potential to cause
injury, illness, or death of personnel; damage to or loss of equipment or property; or
mission degradation
What is a risk - answer- A risk is determined after hazards are identified and
analyzed and is presented as a combined expression of loss probability and severity.
What tools are used to identify hazards? - answer- METT-TC, Accident-Loss
scenario
QUESTIONS AND ANSWERS
What is risk management? - answer- The process of identifying, assessing, and
controlling risks arising from operational factors and making decisions that balance
risk cost with mission benefits.
What is the focus of risk mitigation controls? - answer- Mission accomplishment with
minimal adverse impact on realistic training.
What are the 4 Principles of RM? - answer- 1. Integrate RM into all phases of
missions and ops
2. Make risk decisions at the appropriate level
3. Accept no unnecessary risk
4. RM is a cyclical and continuous 5 step process
What is a risk decision? - answer- A risk decision is a commander, leader, or
individual's determination to accept or not accept
the risk(s) associated with an action he or she will take or will direct others to take.
Why is it important for Higher command to provide an established risk tolerance? -
answer- Subordinate units must understand the level of risk the responsible
commander is willing to accept.
In risk Management, what is considered to be a control? - answer- a control is an
action taken to eliminate a hazard or to reduce its risk.
What is an unnecessary risk? - answer- any risk that, if taken, will not contribute
meaningfully to mission accomplishment or will needlessly endanger lives or
resources. Unnecessary risks are not accepted.
What are the 5 steps of Risk Management? - answer- 1. Identify the hazards
2. Assess the hazards
3. develop controls and make risk decisions
4. implement controls
5. supervise and evaluate
What is a Hazard? - answer- A hazard is a condition with the potential to cause
injury, illness, or death of personnel; damage to or loss of equipment or property; or
mission degradation
What is a risk - answer- A risk is determined after hazards are identified and
analyzed and is presented as a combined expression of loss probability and severity.
What tools are used to identify hazards? - answer- METT-TC, Accident-Loss
scenario
