Define orm Study guides, Class notes & Summaries

FMF Board study guide Question and answers rated A+ 2023/2024What does ORM stand for ? - correct answer Operational Risk Management Define ORM - correct answer A risk mitigation tool used by people at all levels to increase operational effectiveness and reduce the potential for loss. What is the five step process of ORM ? - correct answer Identify Hazards Assess Hazards Make Risk Decisions Implement Controls Supervise

Navy Master Training Specialist MTS Students Super Study Guide New Questions 2024 with 100% Correct Answers | Verified | Latest Update | 100% Pass What is the CIN? - Course Identification Number What's a CDP? - Course Data Processing code; where it's taught How many versions of each test are required? - 3 What are the two types of testing? - knowledge and performance What are the 5 steps of ORM? - Identify, Assess, Make Risk Decision, Implement, and Supervise (IAMIS) Define "High Risk"...

What is the CIN? correct answer: Course Identification Number What's a CDP? correct answer: Course Data Processing code; where it's taught How many versions of each test are required? correct answer: 3 What are the two types of testing? correct answer: knowledge and performance What are the 5 steps of ORM? correct answer: Identify, Assess, Make Risk Decision, Implement, and Supervise (IAMIS) Define "High Risk" course correct answer: When ORM can't mitigate risk; DOR (Dr...

Navy MTS Exam Questions and Answers 101.1 Explain the 5 parts of the ORM process - ️️ Identify Hazards Assess Hazards Make Risk decisions Implement Controls Supervise 101.2 Complete a risk assessment of a course (high risk only) - ️️ Identify steps to perform. 101.3 Define "high-risk" course - ️️ Known or unknown state where there is an elevated probability of loss/damage to personnel or equipment. 101.4 What types of courses are considered "high-risk" - ️️ Student ...

MF Board study guide rated A+ What does ORM stand for ? Operational Risk Management Define ORM A risk mitigation tool used by people at all levels to increase operational effectiveness and reduce the potential for loss. What is the five step process of ORM ? Identify Hazards Assess Hazards Make Risk Decisions Implement Controls Supervise List the 4 principles of ORM ? Accept risk when benefit outweighs the cost Accept no unnecessary risk Anticipate and manage risks by planning Make risk decis...

Navy MTS Exam Questions and Answers Explain the 5 parts of the ORM process - ️️ Identify Hazards Assess Hazards Make Risk decisions Implement Controls Supervise Define "high-risk" course - ️️ Known or unknown state where there is an elevated probability of loss/damage to personnel or equipment. What types of courses are considered "high-risk" - ️️ Student or equipment loss/damage during training. Discuss the difference between "voluntary" and "involuntary" courses. ...

Navy Master Training Specialist MTS What is the CIN? - Course Identification Number What's a CDP? - Course Data Processing code; where it's taught How many versions of each test are required? - 3 What are the two types of testing? - knowledge and performance What are the 5 steps of ORM? - Identify, Assess, Make Risk Decision, Implement, and Supervise (IAMIS) Define "High Risk" course - When ORM can't mitigate risk; DOR (Drop On Request) allowed during "High Risk" cours...

What does ORM stand for ? correct answers Operational Risk Management Define ORM correct answers A risk mitigation tool used by people at all levels to increase operational effectiveness and reduce the potential for loss. What is the five step process of ORM ? correct answers Identify Hazards Assess Hazards Make Risk Decisions Implement Controls Supervise List the 4 principles of ORM ? correct answers Accept risk when benefit outweighs the cost Accept no unnecessary risk Anticipat...

FMF Board study guide Questions with complete solution 2023 What does ORM stand for ? - correct answer Operational Risk Management Define ORM - correct answer A risk mitigation tool used by people at all levels to increase operational effectiveness and reduce the potential for loss. What is the five step process of ORM ? - correct answer Identify Hazards Assess Hazards Make Risk Decisions Implement Controls

What does ORM stand for ? correct answersOperational Risk Management Define ORM correct answersA risk mitigation tool used by people at all levels to increase operational effectiveness and reduce the potential for loss. What is the five step process of ORM ? correct answersIdentify Hazards Assess Hazards Make Risk Decisions Implement Controls Supervise List the 4 principles of ORM ? correct answersAccept risk when benefit outweighs the cost Accept no unnecessary risk Anticipate an...