| Question | Answer |
|---|---|
| Which type of error leads to undesired consequences to property, personnel, or the mission? | consequential error |
| What are the actions taken or measures that are put in place to eliminate a hazard or reduce the associated identified risk defined as? | controls |
Which term most closely matches the description 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?
OPERATIONAL RISK MANAGEMENT (ORM)
| Question | Answer |
|---|---|
| What is 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 (RAC) |
Which term most closely matches the description an expression of possible loss adverse outcome or negative consequence such as injury or illness in terms of probability and severity?
Risk – Chance of adverse outcome or bad consequences such as injury, illness, or loss. Risk level is expressed in terms of hazard probability or severity. Risk Assessment – A structured process to identify and assess hazards.
What is the most effective and preferred risk control?
Elimination is the process of removing the hazard from the workplace. It is the most effective way to control a risk because the hazard is no longer present. It is the preferred way to control a hazard and should be used whenever possible.
What are the 5 steps of Risk Management?
Five Steps of the Risk Management Process
- Step 1: Identify the Risk. The first step is to identify the risks that the business is exposed to in its operating environment.
- Step 2: Analyze the Risk.
- Step 3: Evaluate or Rank the Risk.
- Step 4: Treat the Risk.
- Step 5: Monitor and Review the Risk.
Which of the following is the least preferred method in management of risk?
Personal Protective Equipment
Personal Protective Equipment (Least preferred) While this final risk control measure is the least preferred option, that doesn’t mean it should be ignored. Personal Protective Equipment (PPE) should normally be utilised even when the risks are being controlled by measures further up the hierarchy.
Is an expression of possible loss adverse outcome or negative?
An expression of possible loss, adverse outcome, or negative consequence such as injury, illness in terms of probability, and severity. A structured process to identify and assess hazards. Risk remaining after controls have been identified and selected.
Which term most closely matches the description an expression of the risk associated with a hazard that combines its severity?
Risk Assessment Code (RAC) – An expression of the risk associated with a hazard that combines the hazard severity and mishap probability into a single Arabic numeral (i.e., 1, 2, 3, 4).
What are knowledge skills automation and techniques?
Knowledge, skills, automation and techniques are “Resources in ORM”. The term operational risk management (ORM) is characterized as a persistent cyclic process which incorporates chance appraisal, chance basic leadership, and usage of hazard controls, which results in acknowledgment, relief, or evasion of hazard.
How are control measures used in hazard assessment?
Think of a control measure as an action aimed to eliminate a hazard completely. If the hazard you’ve identified can’t be eliminated, follow the hierarchy of controls to select the next-best control to mitigate the risk of an accident, incident, injury, or near-miss in the laboratory.
How are control measures used in the workplace?
The control measures can either be designed to reduce the risks or eliminate them completely, with the latter obviously being preferred. Control measures follow a hierarchical pattern, with each step being worked through and implemented to control and minimise the risk identified. Risk Elimination (Most Preferred)
Which is the best way to control risk?
Risk elimination is at the top of the hierarchy, being the most preferred option to control an identified risk. It will obviously not be possible to completely remove all risks, but this should be the first option considered and assessed as it offers the greatest protection by removing the risk completely.
Which is an example of a risk control measure?
Whenever possible, PPE should not be relied on as the only control measure. Examples of PPE are respirators (ranging from single-use to full filtration depending on the environment), hard-hats, protective eye-wear, and noise-reducing ear protection.
