Risk Management and Insurance > EXAM > RISK MANAGEMENT /COMPLETE SOLUTION (All)
RISK MANAGEMENT /COMPLETE SOLUTION
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Risk management ANS - is the process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk costs with mission benefits. Principl... es of Risk Management ANS - Integrating risk management into mission planning, preparation, and execution. Making risk decisions at the appropriate level in the chain of command Accepting no unnecessary risk. Risk management assists the commander or leader in Conserving lives and resources Providing reasonable alternatives for mission accomplishment Risk management does notJustify violating the law Remove the necessity for standard drills, tactics, techniques and procedures. Remove risk altogether Steps of risk management. ANS - 1 Identify Hazards 2 Asses hazards to determine risks 3 Develop controls and make risk decisions 4 Implement controls 5 Supervise and evaluate What are the two types of risk ANS - 1 - Tactical risk - Risks that exist because of the enemy 2 - Accident risk - Includes all risks other than tactical risk, it includes activities associated with hazards, civilians equipment readiness and environmental conditions METT-TC ANS - Mission, Enemy, Terrain and weather, Troops and support available—Time available, Civilians Severity ANS - The degree of injury, property damage, or other mission imparting factors. Exposure and Controls ANS - Exposure - The frequency and length of time soldiers, equipment and missions are subject to hazards Controls - actions taken to eliminate or reduce the risks identified. Hazards ANS - Any existing or potential condition that can cause injury, illness, or death; damage to, or loss of equipment and property; or degradation of the mission. Risk The chance of hazards or bad con-sequences; exposure to injury or loss. The risk [Show More]
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