PROGRAM AWARENESS AND RISK
MANAGEMENT | QUESTIONS AND
ANSWERS | 2026 UPDATE | WITH
COMPLETE SOLUTIONS.
What is risk management? - answer- process of identifying, assessing, and controlling
risks arising from
operational factors and making decisions that balance risk cost with mission benefits
The principles of RM are— - answer- 1) Integrate RM into all phases of missions and
operations.
2) Make risk decisions at the appropriate level.
3) Accept no unnecessary risk.
4) Apply RM cyclically and continuously.
Form for Deliberate Risk Assessment - answer- DD 2977
The five steps of RM are - answer- Step 1-Identify the hazards.
Step 2-Assess the hazards.
Step 3-Develop controls & make risk decisions.
Step 4-Implement controls.
Step 5-Supervise and evaluate.
Risk Levels - answer- Extremely high (EH).
High (H).
Medium (M).
Low (L).
Risk Levels based off of: - answer- Probability and Severity
Levels of Probability - answer- Frequent (A).
Likely (B).
Occasional (C).
Seldom (D).
Unlikely (E).
Levels of Severity - answer- Catastrophic (I).
Critical (II).