Fmf board study guide - Study guides, Class notes & Summaries

FMF Board Questions (Core) 187 Study Guide Questions with Answers.

What does ORM stand for ? - Answer- Operational Risk Management Define ORM - 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 ? - Answer- Identify Hazards Assess Hazards Make Risk Decisions Implement Controls Supervise List the 4 principles of ORM ? - Answer- Accept risk when benefit outweighs the cost Accept no unnecessary risk Anticipate and manage risks by pl...

FMF BOARD Exam Study Guide Questions And Answers

FMF GCE Board Study Guide Questions And Answers 2023/2024 FMF GCE Board Study Guide Questions And Answers 2023/2024

FMF Board study guide Correct Answers Graded A+

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 Supervise List the 4 principles of ORM ? correct answer: Accept risk when benefit outweighs the cost Accept no unnecessary risk Antic...

FMF GCE BOARD STUDY GUIDE QUESTIONS AND ANSWERS *101* MCO on ORM - ANS-3500.27A Discuss the term ORM and the ORM process - ANS-ORM is a decision making tool to increase operational effectiveness increases our ability to make informed decisions minimizes risks and reduces mishaps , lowers costs, and provide more efficient use of resources What is a hazard? - ANS-A condition that can cause injury or death,property damage or mission degradation What is a risk? - ANS-An expression of po...

FMF Board study guide