Risk Management
To provide targets for teams to shoot for, milestones to gauge progress, and insights that help people across the organization make better decisions.
What is the purpose of KPIs?
Quantifiable measures of performance over time for a specific objective.
What are KPIs (Key Performance Indicators)?
AFI 90-802
What is the Risk Management AFI?
This would be during the “execution” or tactical phase of training, operations, emergency and crisis response situations, or off-duty activities where there is normally little or no time to conduct formal or Deliberate Risk Management planning.
What is Real-Time Risk Management?
It reduces the likelihood that potential sources of risk are missed.
What is the importance of identifying ALL risks.
Pre-mission or activity planning that normally involves the full application of the 5-Step Risk Management process.
What is Deliberate Risk Management?
A decision-making process to systematically evaluate possible courses of action, identify risks and benefits, and determine the best courses of action for any given situation.
What is Risk Management?
The process of documenting potential risks and then categorizing the actual risks faced.
What is Risk Identification?
The process of “keeping an eye” on the situation through regular risk assessments.
What is Risk Monitoring?
1. Risk Identification
2. Risk Analysis
3. Response Planning
4. Risk Mitigation
5. Risk Monitoring
What are The Components of Risk Management?
Allocation of resources/people, physical safety, culture, and team cohesion are examples of these.
What are Risks?
These are safeguards or countermeasures put in place to address regulations and ensure an organization is operating in a secure environment. They can be instructions/guidance, training, equipment, checklists, etc.
What are Risk Controls?
1. Accept no unnecessary risk.
2. Make decisions at the appropriate level.
3. Integrate RM into operations, activities, and planning at all levels.
4. Apply the process cyclically and continuously.
What are the four principles that govern all actions associated with Risk Management?
The totality of potential and actual risks.
What is the Risk Universe?
1. ID Hazards
2. Assess Hazards
3. Develop Controls & Make Decisions
4. Implement Controls
5. Supervise & Evaluate
What is the 5-Step Risk Management Process?