Exam (elaborations)
Operational Risk Management ESAMS training Questions with correct Answers 2024
- Course
- Institution
Operational Risk Management ESAMS training
[Show more]
Content preview
Operational Risk Management ESAMS trainingORM should be applied to simple and redundant everyday evolutions, like driving to and
from work - answer TRUE
Which of the following is NOT a level of ORM - answer Intentional
_________ is an expression of possible loss, adverse outcome, or negative consequence in terms of probability and severity. - answer 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. - answer Hazard
An expression of possible loss, adverse outcome or negative consequence; such as injury or illness, in terms of probability and severity. - answer 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 - answer Risk Assessment
Risk remaining after controls have been identified and selected. - answer 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. - answer Risk Assessment Code
Actions taken or measures put in place to eliminate a hazard or reduce the associated indentified risk - answer Controls
What are the factors that should be considered when assigning a risk level in the second step of the five-step process? - answer 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 _________. - answer assertiveness
Why is communication important for TCRM? - answer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jopewa. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $16.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79789 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now