Risk Management and Insurance > QUESTIONS & ANSWERS > Return to Web Training IndividualManaging Your Risk (ORM) Questions and Answers Graded A (All)
Return to Web Training IndividualManaging Your Risk (ORM) Questions and Answers Graded A Which description most closely matches the term: TIME CRITICAL A ) Used for complex operations or introducti... on of new equipment B ) Planning of unit missions, tasks or events C ) Point of execution of a mission or task ✔✔C ) Point of execution of a mission or task Navy core values, though fundamental to Naval operations, are overlooked in a TCRM situation. A ) True B ) False ✔✔B ) False _________ is based on the worst credible outcome when analyzing risk. A ) Assessment B ) Severity C ) Cause D ) Probability ✔✔B ) Severity What is the proper order of the five steps of the ORM process? A ) Assess Hazards; Identify Hazards; Make risk decisions; Implement Controls; Supervise B ) Identify Hazards; Assess Hazards; Make risk decisions; Implement Controls; Supervise C ) Identify Hazards; Assess Hazards; Supervise; Make risk decisions; Implement Controls D ) Assess Hazards; Identify Hazards; Supervise; Make risk decisions; Implement Controls E ) Identify Hazards; Assess Hazards; Make risk decisions; Supervise; Implement Controls ✔✔B ) Identify Hazards; Assess Hazards; Make risk decisions; Implement Controls; Supervise Which description most closely matches the term: IN DEPTH A ) Used for complex operations or introduction of new equipment B ) Planning of unit missions, tasks or events C ) Point of execution of a mission or task ✔✔A ) Used for complex operations or introduction of new equipment Being able, willing, and ready to actively participate, state, and maintain your position until convinced that other options are better is a behavioral skill called _________. A ) assertiveness B ) communication C ) decision making D ) leadership ✔✔A ) assertiveness Why is communication important for TCRM? A ) Provides a new perspective when dealing with potential risk B ) Gives the responsibility of risk decisions to your superiors C ) Provides shared knowledge of a situation D ) Allows others to also take the responsibility for mistakes E ) A and B F ) A and C G ) A, B and C H ) None of the above ✔✔F ) A and C Which term most closely matches the description: An expression of possible loss, adverse outcome or negative consequence; such as injury or illness, in terms of probability and severity. A ) Hazard B ) Risk C ) Risk Assessment D ) Residual Risk E ) Risk Assessment Code F ) Controls ✔✔B ) Risk Navy ORM is a ____ step process, applied using ____ principles, at ____ levels. A ) 5, 3, 4 B ) 5, 3, 3 C ) 5, 4, 3 D ) 3, 4, 5 ✔✔C ) 5, 4, 3 Which of the following are fundamental to ORM mission success? A ) Complacency is not a part of ORM B ) Complete the task before informing your supervisor of risk discoveries C ) Mission success is a shared responsibility D ) Knowledge of hazard controls is important to mission or task accomplishment E ) A and B F ) C and D G ) All of the above H ) None of the above ✔✔F ) C and D Which of the following is NOT a principle of ORM? A ) Make risk decisions at the right level. B ) Anticipate and manage risk by planning. C ) Accept risk when benefits outweigh the cost. D ) Eliminate risk through the application of ORM ✔✔D ) Eliminate risk through the application of ORM The ability to use logic and sound judgment to make decisions based on available information to complete the mission or task is a behavioral skill called ________. A ) adaptability and flexibility B ) situational awareness C ) decision-making D ) mission analysis ✔✔C ) decision-making Which term most closely matches the description: An expression of the risk associated with a hazard that combines its severity and probability into a single Arabic numeral which can be used to help determine hazard abatement priorities. A ) Hazard B ) Risk C ) Risk Assessment D ) Residual Risk E ) Risk Assessment Code F ) Controls ✔✔E ) Risk Assessment Code Which of the following is NOT a level of ORM? A ) In-Depth B ) Time Critical C ) Deliberate D ) Intentional ✔✔D ) Intentional Which term most closely matches the description: Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment. A ) Hazard B ) Risk C ) Risk Assessment D ) Residual Risk E ) Risk Assessment Code F ) Controls ✔✔A ) Hazard An individual must be willing to accept the level of risk his or her supervisor assigns. A ) True B ) False ✔✔B ) False Which term most closely matches the description: Actions taken or measures put in place to eliminate a hazard or reduce the associated identified risk. A ) Hazard B ) Risk C ) Risk Assessment D ) Residual Risk E ) Risk Assessment Code F ) Controls ✔✔F ) Controls ___________ are actions taken or measures put in place to eliminate a hazard or reduce the associated identified risk. A ) Mishaps B ) RACs C ) Controls D ) Resources ✔✔C ) Controls Which term most closely matches the description: A structured process to identify and assess hazards. An expression of potential harm, described in terms of hazard severity, mishap probability and exposure to hazards. A ) Hazard B ) Risk C ) Risk Assessment D ) Residual Risk E ) Risk Assessment Code F ) Controls ✔✔C ) Risk Assessment Knowledge, skills, automation and techniques are _____________. A ) ORM principles B ) Identification of the three levels of ORM C ) Required for TCRM D ) Resources in ORM ✔✔D ) Resources in ORM ORM should only be used when the individual has time to plan an operation or evolution. A ) True B ) False ✔✔B ) False [Show More]
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