RISK MANAGEMENT

What publication covers risk management?
AR 100-14
What is risk management?
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?
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?
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?
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?
Tactical risk is risk concerned with hazards that exist because of the presence of either the enemy or an adversary.
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What is an accident risk?
Accident risk includes all operational risk considerations other than tactical risk.
What are controls?
Controls are actions taken to eliminate hazards or reduce their risk
What are the three basic categories of controls?
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?
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.
c. Acceptability. The benefit gained by implementing the control must justify the cost in resources and time.
Leaders and soldiers at all levels are responsible and accountable for managing risks by ensuring that hazards and associated risks are what?
a. Identified during planning, preparation, and execution of operations.
b. Controlled during preparation and execution of operations.
What form does Fort Knox use for a risk assessment?
FK Form 5008-E.
In the first step of the risk assessment, identifying hazards, what are you looking for?
You look for hazards or factors that may adversely affect people, property, and mission accomplishment.
In the second step of a risk assessment, assessing hazards, what are you trying to do?
Determine the cumulative effects that the hazards may have on the mission. Determine the potential loss and cost that could result from the identified hazards, based on probability and severity.
What are the risk levels associated with a risk assessment?
a. Extremely High Risk missions require approval by the Senior Mission Commander of General Officer rank.
b. High Risk missions require approval by 0-6 level Brigade or Regimental Commander or Director.
c. Moderate Risk missions require approval by Lieutenant Colonel or equivalent and Commandant NCOA. This authority will not be delegated.
d. Low Risk missions require approval by an 0-4 level Commander. This authority may be delegated to the next lower level.
What is a composite risk assessment?
It is an all inclusive version of the risk assessment that includes the incorporating that matrix for probability and severity found in FM 100-14
The name of that program that allows you to plan a trip online then emails it to the supervisor for a risk assessment?
Travel Risks Planning System (TRiPS)