RISK MANAGEMENT (RM) EXAM QUESTIONS AND ANSWERS

RISK MANAGEMENT (RM) EXAM QUESTIONS AND ANSWERS What are the five steps of the RM Process? - answer- 1. Identify the hazards 2. Assess the hazards 3. Develop controls and make risk decisions 4. Implement controls 5. Supervise and evaluate What are the Assessment and Management Steps of the RM Process? - answer- Assessment: Step 1 Step 2 Managing: Step 3 Step 4 Step 5 What are the two types of risks? - answer- • Tactical Risks: Applies to all levels of war and across the spectrum of operations (Tactical threat-based risk management). • Accident Risks: Includes risks to the friendly force, and risks posed to civilians by an operation, as well as an operations impact on the environment (Accidental, hazard-based risk management). What are the Five Levels of RM Probability? - answer- 1. Frequent Occurs often, continuously 2. Likely Occurs several times 3. Occasional Occurs sporadically 4. Seldom Unlikely, but could occur at some times 5. Unlikely Can assume it will not occur What is Risk Management? - answer- The process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk costs with mission benefits. What are the guiding principles of RM? - answer- • Integrate RM into all phases of mission and operations • Make risk decisions at the appropriate level • Accept no unnecessary risk • Apply the process cyclically and continuously What are the application levels of Risk Management? - answer- • Deliberate Risk Management • Real-Time Risk Management (IMMEDIATE MANAGEMENT) What step of the MDMP Process do Commanders make decisions in risk management? - answer- Step 3 of MDMP (Develop Controls and Make Risk Decisions) What is the difference between Deliberate Risk Management and Real-time Risk Management? - answer- The Detailed Plan for an operation What are the Four RM Levels of Severity? - answer- 1. Catastrophic: Death, unacceptable losses or damage; mission failure, or the loss of unit readiness. 2. Critical (Significantly): Severe injury, illness, loss, or damage. Significantly degraded unit readiness; or significantly degraded mission capability. 3. Moderate: Minor injury, illness, loss, or damage; degraded unit readiness; or degraded mission capability 4. Negligible: Minimal injury, loss, or damage; little or no impact to unit readiness; or little or no impact to mission capability Most units operate in the _____________ severity. - answer- Critical What are the Categories of Control? - answer- • Educational Controls (collective training and individual ) • Physical Controls (barriers) • Hazard Elimination Controls (Engineering, Administrative, and Personal Protective Equipment) What are the Criteria for Effective Controls? - answer- • Feasibility • Acceptability • Suitability • Support • Explicitness • Standards • Training • Leadership • The Individual What are the INITIAL ESTIMATES of Risk Assessment Levels that factor the Probability and Severity to determine of risk levels according to risk assessment matrix? - answer- • Extremely High (EH) • High (H) • Medium (M) • Low (L) What is the form that is used as a deliberate tracking system of the risk assessment process? - answer- DD Form 2977 What is a Tactical Risk? - answer- A risk concerned with hazards that exist because of the presence of either the enemy or an adversary. Leaders and Soldiers at all levels are responsible and accountable for managing risks by ensuring that hazards and associated risks are what? - answer- • Identified during planning, preparation, and execution of operations. • Controlled du