Risk Management and Insurance > QUESTIONS & ANSWERS > TCRM/ORM Questions and Answers with Verified Solutions (All)

TCRM/ORM Questions and Answers with Verified Solutions

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TCRM/ORM Questions and Answers with Verified Solutions What does TCRM stand for? ✔✔Time Critical Risk Management What is TCRM? ✔✔using risk management concepts when time and resources are l... imited What are the 4 letters of TCRM? ✔✔ABCD What does A stand for? ✔✔Assess the situation What does B stand for? ✔✔Balance resources What does C stand for? ✔✔Communicate to others What does D stand for? ✔✔Do and debrief What is ORM ✔✔Organizational Risk Management What does the ABCD model teach your brain to do? ✔✔Think under stress, duress and boredom What can the ABCD Model do for you? 1 of 3 ✔✔Save your life What can the ABCD Model do for you? 2 of 3 ✔✔Make you an expert What can the ABCD Model do for you? 3 of 3 ✔✔improve teamwork Define situational awareness ✔✔refers to the degree of accuracy by which one's perception of the current environment mirrors reality Risk color green ✔✔little chance of serious error Risk color green characteristics ✔✔good situational awareness, tools and procedures for success in place Risk color yellow ✔✔higher chance or serious error Risk color yellow characteristics ✔✔lowered situational awareness, tools and procedures for success not in place risk color red ✔✔very high chance of serious error Risk color red characteristics ✔✔tasking/stress may be high, tunnel vision, resources not effective on catching errors swooshing arrow ✔✔return to good situational awareness What is individual risk? ✔✔making errors when tired or sleepy or performing improper procedures What are the color blocks for levels of resources ✔✔Red, Green, Aqua, Yellow and Gray What are red block resources? ✔✔Policies, procedures and routines What are green block resources ✔✔Checklists What are aqua block resources ✔✔automation What are yellow block resources ✔✔briefings and external resources What are gray block resources ✔✔knowledge, skill and attitude How does TCRM relate to honor? ✔✔Uncompromising code of integrity and take responsibility for your actions and keep your word How does TCRM relate to courage? ✔✔The mental and moral strength to do what is right, even in the face of personal and professional adveristy How does TCRM relate to commitment? ✔✔The day-to-day duty of every Nave man and woman to work together as a team to improve the quality of their work, their people and themselves. [Show More]

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