Navy Qrs Supervisor Answers (2024)

FAQs

What are the 5 steps of operational risk management? ›

The five steps in the ORM process are: 1) Risk Identification, 2) Risk Assessment, 3) Risk Mitigation, 4) Control Implementation, and 5) Monitoring.

CPO Bennett: "Would fatigue be considered a hazard?" Yes, that's a human factor.

Accept risks when benefits outweigh costs. Accept no unnecessary risk. Anticipate and manage risk by planning. Make risk decisions at the right level.

The three points of contact rule is simple. When climbing or descending ladders, trucks and equipment, always maintain contact with one hand and two feet, or two hands and one foot. If you maintain three points of contact while you climb, you can limit your exposure to slips and falls.

Risk management responses can be a mix of five main actions; transfer, tolerate, treat, terminate or take the opportunity. Transfer; for some risks, the best response may be to transfer them. need to be set and should inform your decisions. Treat; by far the greater number of risks will belong to this category.

Operational risk is usually caused by four different avenues: people, processes, systems, or external events. For many aspects of operational risk, companies must simply try to mitigate the risk within each category as best as possible with the understanding that some operational risk will likely always be present.

In addition to this, fatigue worsens your hand-eye coordination and makes it harder for you to communicate. Your brain does not process information or solve problems as well as it should. You also tend to take more risks. This means that your chance of making errors goes up.

Another level of ORM is Time Critical Risk Management which involves a quick, committed-to-memory process and a set of skills that allow our people to manage risk when in the execution of a plan or event.

A Hazard is something that has the potential to harm you. Risk is the likelihood of a hazard causing harm.

The three pillars of operational risk management include risk identification and assessment, risk mitigation and control, and monitoring and reporting. Effective operational risk management involves proactive measures to identify, assess, mitigate, and monitor operational risks.

What are the 4 pillars of risk? ›

The model is based on the four pillars of Supervision, Monitoring & Control, Interventions and Treatment and Victim Safety Planning.

The ABCD block represents the TCRM mnemonic. A – Assess the situation. B – Balance Resources. C – Communicate to Others. D – Do and Debrief the Event.

Over the years, I have come to realize that the cornerstone of an effective integrated risk management (IRM) approach rests on three critical factors, which I like to call the 3 C's: Collaboration, Context, and Communication.

The 3 C's of Safety: Consultation, Communication and Collaboration | 23rd World Congress on Safety and Health at Work.

The “4 Ps” model—Predict, Prevent, Prepare, and Protect—serves as a foundational framework for risk assessment and management. These industries operate within complex and hazardous environments, making proactive and thorough risk assessment essential.

There are five basic steps that are taken to manage risk; these steps are referred to as the risk management process. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.

While risk professionals are well familiar with the core principles of risk management — risk identification, risk analysis, risk control, risk financing and claims management — they are certainly not the only ones to rely on them in their daily thinking and decision-making.

Step 5: Monitoring the Results

The final step is to document the strategy to ensure that all the planned measures are implemented as intended. But the work doesn't end there. Risk management is a continuous process, especially since the risk landscape is constantly changing.