Risk Management (Solved)

What publication covers risk management? correct answers AR 100-14 What is risk management? correct answers Risk management is 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 principles that provide a framework for implementing the risk management process? correct answers a. Integrating risk management into mission planning, preparation, and execution. b. Making risk decisions at the appropriate level in the chain of command. c. Accepting no unnecessary risk. How many steps are there in the risk management process and what are they? correct answers Step 1. Identify hazards. Step 2. Assess hazards to determine risks. Step 3. Develop controls and make risk decisions. Step 4. Implement controls. Step 5. Supervise and evaluate. What are two types of risks that exist across the wide range of Army operations? correct answers The two types of risk that exist across the wide range of Army operations are tactical risks and accident risks. What is a tactical risk? correct answers Tactical risk is risk concerned with hazards that exist because of the presence of either the enemy or an adversary. What is an accident risk? correct answers Accident risk includes all operational risk considerations other than tactical risk. What are controls? correct answers Controls are actions taken to eliminate hazards or reduce their risk What are the three basic categories of controls? correct answers a. Educational controls. These controls are based on the knowledge and skills of the units and individuals. Effective control is implemented through individual and collective training that ensures performance to standard. b. Physical controls. These controls may take the form of barriers and guards or signs to warn individuals and units that a hazard exists. Additionally, special controller or oversight personnel responsible for locating specific hazards fall into this category. c. Avoidance. These controls are applied when leaders take positive action to prevent contact with an identified hazard. What are the criteria for controls to be effective? correct answers a. Suitability. It must remove the hazard or mitigate (reduce) the residual risk to an acceptable level. b. Feasibility. The unit must have the capability to implement the control.