How many steps are there in the ORM model?

How many steps are there in the ORM model?

• A. 5
• B. 6
• C. 7
• D. 8

Answer: (C)

The correct answer is based on the understanding of the Operational Risk Management (ORM) process, which consists of a total of seven steps. The ORM model is a structured approach that helps decision-makers identify, assess, and mitigate risks to enhance operational safety and effectiveness. The steps of the ORM process include: 1. Identify the hazards. 2. Assess the hazards. 3. Analyze risk control measures. 4. Make control decisions. 5. Implement risk controls. 6. Supervise and evaluate the risk controls. 7. Review and improve the process. Each of these steps plays a critical role in ensuring that potential risks are managed effectively and that safety is prioritized in all operational activities. Understanding and applying all seven steps helps personnel anticipate problems and increases the likelihood of mission success.

The correct answer is based on the understanding of the Operational Risk Management (ORM) process, which consists of a total of seven steps. The ORM model is a structured approach that helps decision-makers identify, assess, and mitigate risks to enhance operational safety and effectiveness. The steps of the ORM process include:

1. Identify the hazards.

2. Assess the hazards.

3. Analyze risk control measures.

4. Make control decisions.

5. Implement risk controls.

6. Supervise and evaluate the risk controls.

7. Review and improve the process.

Each of these steps plays a critical role in ensuring that potential risks are managed effectively and that safety is prioritized in all operational activities. Understanding and applying all seven steps helps personnel anticipate problems and increases the likelihood of mission success.