What does ORM stand for?

What does ORM stand for?

• A. Operational Risk Management
• B. Organizational Risk Measurement
• C. Onboard Risk Methodology
• D. Operational Resource Monitoring

Answer: (A)

This item tests knowledge of what ORM stands for in a military risk-management context. Operational Risk Management is the structured decision-making process used to identify hazards, assess the risks they pose to mission success and personnel, and implement controls to reduce those risks to an acceptable level. It’s about anticipating problems before they happen and choosing safer, effective ways to accomplish a mission, balancing risk and reward. The other phrases don’t match the established term used in this framework. Organizational Risk Measurement, Onboard Risk Methodology, and Operational Resource Monitoring describe different concepts that aren’t the recognized risk-management approach used to protect people and missions.

This item tests knowledge of what ORM stands for in a military risk-management context. Operational Risk Management is the structured decision-making process used to identify hazards, assess the risks they pose to mission success and personnel, and implement controls to reduce those risks to an acceptable level. It’s about anticipating problems before they happen and choosing safer, effective ways to accomplish a mission, balancing risk and reward.

The other phrases don’t match the established term used in this framework. Organizational Risk Measurement, Onboard Risk Methodology, and Operational Resource Monitoring describe different concepts that aren’t the recognized risk-management approach used to protect people and missions.