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Risk Management

Total questions: 10

Worksheet time: 8mins

Name
Class
Date
1.

(BLANK) is the process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk cost with mission benefits.

a)

Risk decision

b)

Risk management

c)

Assessing hazards

d)

operational planning

2.

A (blank) is a commander, leader, or individual's determination to accept or not accept the risk(s) associated with an action he or she will take or will direct others to take.

a)

Risk decision

b)

Risk tolerance

c)

Risk management

d)

Risk control

3.

Risk tolerance is the level of risk the responsible commander is willing to accept.

a)

True

b)

False

4.

In risk management, a condition with the potential to cause injury, illness, or death of personnel; damage to or loss of equipment or property, or mission degradation is a:

a)

accidental loss

b)

potential loss

c)

hazard

d)

risk

5.

Select the correct order of the five steps in deliberate Risk Management:

a)

Assess the hazards, Identify the hazards, Develop controls and make risk decisions, Supervise and evaluate, and Implement controls

b)

Identify the hazards, Assess the hazards, Develop controls and make risk decisions, Implement controls, and Supervise and evaluate

c)

Identify the hazards, Assess the hazards, Develop controls and make risk decisions, Supervise and evaluate, and Implement controls

d)

Identify the hazards, Assess the hazards, Implement controls, Supervise and evaluate, and Develop controls and make risk decisions

6.

(Blank) is the frequency and length of time personnel and equipment are subject to a hazard or hazards.

(a)  

7.

What level of risk are conditions that pose an expectation of degraded mission capabilities?

a)

Low risk

b)

Extremely high risk

c)

High risk

d)

Medium risk

8.

What level of risk refers to expected loss of ability to accomplish the mission if exposure occurs during operations?

a)

Low risk

b)

High risk

c)

Extremely high risk

d)

Medium risk

9.

A control is an action taken to eliminate a hazard or to reduce its risk.

a)

True

b)

False

10.

When do we use Risk Management?

4 lines