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Operational Risk Management ESAMS training Questions and Answers Already Passed ORM should be applied to simple and redundant everyday evolutions, like driving to and from work ✔✔TRUE Which of the following is NOT a ...

Operational Risk Management ESAMS training Questions and Answers Already Passed ORM should be applied to simple and redundant everyday evolutions, like driving to and from work ✔✔TRUE Which of the following is NOT a level of ORM ✔✔Intentional _________ is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity. ✔✔Risk Any real or potential condition that can cause injury, illness, or death to personnel; damage to or loss of equipment or property; degradation of mission capability or impact to mission accomplishment; or damage to the environment. ✔✔Hazard An expression of possible loss, adverse outcome or negative consequence; such as injury or illness, in terms of probability and severity. ✔✔Risk A structured process to identify and assess hazards. An expression of potential harm, described in terms of hazard severity, mishap probability and exposure to hazards ✔✔Risk Assessment Risk remaining after controls have been identified and selected. ✔✔Residual Risk An expression of the risk associated with a hazard that combines its severity and probability into a single arabic numeral which can be used to help determine hazard abatement priorities. ✔✔Risk Assessment Code Actions taken or measures put in place to eliminate a hazard or reduce the associated indentified risk ✔✔Controls What are the factors that should be considered when assigning a risk level in the second step of the five-step process? ✔✔Probability and severity Being able, willing, and ready to actively participate, state, and maintain your position until convinced that other options are better is a behavioral skill called _________. ✔✔assertiveness Why is communication important for TCRM? ✔✔ ___________ are actions taken or measures put in place to eliminate a hazard or reduce the associated identified risk. ✔✔Controls 1st step of ORM ✔✔Identify Hazards 2nd step of ORM ✔✔Assess Hazards 3rd step of ORM ✔✔Make risk decisions 4th step of ORM ✔✔Implement Controls 5th step of ORM ✔✔Supervise Knowledge, skills, automation and techniques are _____________. ✔✔Resources in ORM

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