OPERATIONAL RISK MANAGEMENT Operational Risk

advertisement
OPERATIONAL RISK MANAGEMENT
Operational Risk Management (ORM) is the process of dealing with risk associated with NJROTC training activities, which
includes risk assessment, risk decision making, and implementation of effective risk controls. The goal of our ORM Program is to
optimize our training opportunities by managing risk to accomplish the mission with minimal to no injuries.
ORM Terminology
- Hazard : A condition with the potential to cause personal injury or death, property damage, or mission degradation.
- Risk : An expression of possible loss in terms of severity and probability.
- Severity : The worst credible consequence which can occur as a result of a hazard.
- Probability : The likelihood that a hazard will result in a mishap or loss.
- Risk Assessment : The process of detecting hazards and assessing associated risks.
ORM Process
1. Identify Hazards
2. Assess Hazards
3. Make Risk Decisions
4. Implement Controls
5. Supervise
Four Guiding Principles of the ORM Program
1. Accept risk when benefits outweigh the cost.
2. Accept no unnecessary risk.
3. Anticipate and manage risk by planning.
4. Make risk decisions at the right level.
Levels of Application
1. Time-critical = On the run consideration of the 5 Steps
2. Deliberate = Application of the complete 5-Step Process
3 . In-depth = Complete 5-Step process with detailed analysis
Risk Assessment Matrix
When conducting a risk assessment, we factor in the severity of the hazard with the probability of occurrence, and then arrive at a
risk assessment code to determine the risk level for our decision-making.
Event:______________________________________________
Date/Time: ________/_________
Anticipated Environmental Conditions:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Identified Hazard(s):
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Risk Assessment:
Severity Categories (Circle One)
- Category I: Hazard may cause death, loss of facility/asset or result in grave damage to school and/or NETC interests.
- Category II: Hazard may cause severe injury, illness, property damage, damage to school and/or NETC interests or
degradation to efficient use of assets.
- Category III: Hazard may cause minor injury, illness, property damage, damage to school and/or NETC interests or
degradation to efficient use of assets.
- Category IV: Hazard presents a minimal threat to personnel safety or health, property, school and/or NETC interests or
efficient use of assets.
Probability Categories (Circle One)
- Category A: Likely to occur immediately or within a short period of time. Expected to occur frequently to an individual or
continuously to a group.
- Category B: Probably will occur in time. Expected to occur several times to an individual frequently to a group.
- Category C: May occur in time. Can reasonably be expected to occur some time to an individual or several times to a group.
- Category D: Unlikely to occur.
Risk Assessment:
5 – Negligible Risk
4 – Minor Risk
3 – Moderate Risk
2 – Serious Risk
1 – Critical Risk
Local Controls to Mitigate:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Pre-Planned Response:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Emergency Contact Information:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Lessons Learned:
_____________________________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Download
Related flashcards
Create flashcards