Define: Risk management - answer-The process of identifying, assessing, and controlling risks arising from operational factors and making decisions that balance risk costs with mission benefits
Define: Risk - answer-Characterized by both the probability and severity of a potential loss that may ...
RISK MANAGEMENT QUIZ 2025
Define: Risk management - answer-The process of identifying, assessing, and
controlling risks arising from operational factors and making decisions that balance
risk costs with mission benefits
Define: Risk - answer-Characterized by both the probability and severity of a
potential loss that may result from hazards due to the presence of an enemy,
adversary, or some other hazardous condition.
What are the two types of risk? - answer-Tactical Risk
Accident Risk
Define: Tactical risk - answer-Risk concerned with hazards that exist because of the
presence of either the enemy or an adversary.
Applies to all levels of war and across the spectrum of operations.
Define: Accident risk - answer-Includes all operational risk considerations other than
tactical risk.
Includes risk to the friendly force, risk posed to civilians during an op, and an op's
impact on the environment.
Purpose for risk management for the commander or leader- - answer-Conserve lives
and resources
Make an informed decision
Identify feasible and effective control measures
Provide reasonable alternatives for mission accomplishment
Principles of Risk Management #1 - answer-Accept no unnecessary risk
Principles of Risk Management #2 - answer-Accept risk when benefits outweigh cost
Principles of Risk Management #3 - answer-Make risk decisions at the right level
Principles of Risk Management #4 - answer-Anticipate and manage risk by planning
First step of risk management - answer-Identify hazards
Second step of risk management - answer-Assess hazards to determine risk
Third step of risk management - answer-Develop controls and make risk decisions
Fourth step of risk management - answer-Implement controls
Fifth step of risk management - answer-Supervise and evaluate
Define: Hazard - answer-An actual or potential condition where the following can
occur due to exposure to the hazard:
, Injury, illness, or death of personnel
Damage to or loss of equipment and property
Mission degradation
Hazard severity: Category I - answer-Loss of ability to accomplish the mission
Death or permanent total disability
Major facility famage
Unacceptable collateral damage
Hazard severity: Category II - answer-Significantly degraded mission capability or
unit readiness
Permanent partial disability
Hazard severity: Category III - answer-Degraded mission capability or unit readiness
Minor equip damage
Minor injury or illness
Hazard severity: Category IV - answer-Little or no adverse impact on mission
capability or unit readiness
Minimal threat to personnel safety or health
Define: Degree of Probability - answer-The probability of a hazardous incident
Degree of Probability: A - answer-LIKELY to occur immediately or within a short
period of time. Frequent or continuous.
Degree of Probability: B - answer-PROBABLY will occur in time. Several times.
Degree of Probability: C - answer-MAY occur in time. Expected to occur sometime.
Degree of Probability: D - answer-UNLIKELY to occur, but not impossible.
Define: Risk Assessment Code (RAC) - answer-The point where the severity row and
probability column intersect defines the level of risk
Risk Assessment Code (RAC): 1 - answer-Critical
Risk Assessment Code (RAC): 2 - answer-Serious
Risk Assessment Code (RAC): 3 - answer-Moderate
Risk Assessment Code (RAC): 4 - answer-Minor
Risk Assessment Code (RAC): 5 - answer-Negligible
Define: Residual Risk - answer-The risk remaining after controls have been selected
for the hazard - true only if the controls for it are implemented
Define: Overall Residual Risk - answer-Must be determined when more than one
hazard is involved
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