RISK MANAGEMENT SET EXAM QUESTIONS AND ANSWERS

RISK MANAGEMENT SET EXAM QUESTIONS AND ANSWERS How is risk defined within Risk Management? - answer- Risk is defined as the possibility of loss or injury due to exposure to a hazard What is the first choice in the standard of order of precedence for RM controls? - answer- The standard order of precedence for controls is to first use design and engineering solutions to achieve minimum risk. Less desirable control options are to add safety devices, warming devices, or change procedures and training In the RM process, what action follows an evaluation? - answer- Action 3- Feedback Which of the following is a Risk Assessment pitfall? - answer- Over optimism: "It can't happen to us. We're already doing it." This pitfall results from not being totally honest and not looking for root causes of the hazards. Which of the following is a Risk Assessment pitfall? - answer- Misrepresentation: Individual perspectives may distort data. This can be deliberate or unconscious. Which of the following is a Risk Assessment pitfall? - answer- c. Alarmism: "The sky is falling" approach, or "worst case" estimates are used regardless of their possibility. Which of the following is a Risk Assessment pitfall? - answer- Indiscrimination: All data is given equal weight. Which of the following is a Risk Assessment pitfall? - answer- Prejudice: Subjectivity and/or hidden agendas are used instead of facts. Which of the following is a Risk Assessment pitfall? - answer- Inaccuracy: Bad or misunderstood data nullify accurate risk assessment. Which of the following is a Risk Assessment pitfall? - answer- Enumeration: It is difficult to assign a numerical value to human behavior. In the first step of the Risk Management Process Cycle, "Why" analysis is used in which action? - answer- Action 3- List Causes Develop controls is an action for which step in the RM process? - answer- Step 3 Within the RM process, which is a type of control can be applied to hazards to mitigate the risk? - answer- Engineering controls. Physical controls. Administrative controls. Educational controls. Operational controls. Which of the following is an action in step 4 or the RM process? - answer- Action 4- Select Risk Controls In step 5 of the RM process, ensuring that changes requiring further RM are identified is part of which action? - answer- Action1- Monitor What mnemonic provides a simple and convenient aide to identify some approaches to eliminate or reduce risk? - answer- STAAR micmon mnemonic (Spread out, Transfer, Avoid, Accept, and Reduce) In which step of the Risk Management Process Cycle does a member, establish accoutmplement - answer- Step 4 - Implement Controls In step 1 of the RM process, if time is limited and a thorough task analysis cannot be performed what model can be used? - answer- PEACE model (Planning, Event complexity, Asset selection, Communications, and Environmental conditions) What is the control method to reduce or eliminate risks from a hazard that identifies when it is possible to avoid specific risks by "going around" them or doing the mission or task in a different way? - answer- "Avoid" from STAAR model mission refers to what control option to eliminate or reduce risk? The movement of forces, equipment, or tasks to other areas in order to avoid risk to the entire - answer- "Spread out" from STAAR individual, unit or platform that is better positioned, more Reducing risks by transferring all or some portion of that mission or task, to another survivable, or more expendable is a control option using - answer- "Transfer" from STAAR Which of the following is the foundation of the risk management process? - answer- Hazard Identification What is defined as, "the possibility of loss or injury due to exposure to a hazard," in COMDTINST 3500.3A? - answer- "Risk" What is defined as "a process to identify, assess, control, mitigate and manage hazards associated with an operation or activity"? - answer- "Risk Management(RM)" How many actions are there in the Assess Hazards step in the RM process? - answer- 3 Which is an action taken during the first step in the RM process? - answer- There are 3 different actions: 1. Mission/task analysis 2. What can go wrong analysis 3. List Causes(*Why" Analysis) What does the RM process rely on to identify, assess, control, mitigate, and manage potential hazards? - answer- Effective teamwork and communication What does analysis of mishap data reveal as the most common cause of mishaps? - answer- "A lack of deliberate and systematic RM during preparation, planning, and execution of operations and activities" Coast Guard operations are inherently complex, dynamic, dangerous, and by nature, involve - answer- Acceptance of some level of risk What is a critical human factor that will increase the potential for error-induced mishaps in not managed? - answer- There are 7- "mission analysis, leadership, adaptability and flexibility, situational awareness, decision making, communication, and assertiveness" Deliberate use of the Risk Management process _____________ by reducing member exposure to hazards. - answer- "Increases mission success" The potential gains of conducting the activity or mission must justify, or warrant, the - answer- "Expected risk exposure"