What are the five steps of ORM?

The five steps of Operational Risk Management (ORM) are a structured approach to identifying and mitigating potential risks in various environments, particularly within Navy operations. The correct answer outlines these steps as follows:

• Identify: This step involves recognizing and understanding the hazards that could potentially impact the operation, mission, or personnel. This foundational step sets the stage for effective risk management.

• Assess: In this phase, the identified risks are evaluated to determine their likelihood and potential impact. This assessment helps prioritize the risks based on their severity, allowing decision-makers to focus on the most critical issues.

• Make Risk Decision: Once risks are assessed, informed decisions are made regarding how to manage or mitigate them. This may involve accepting the risks, implementing controls to reduce them, or even avoiding certain actions that present unacceptable risks.

• Implement: After decisions are made, the necessary actions or controls are put into place. This ensures that the measures to manage the risks are actively in operation.

• Supervise: The final step involves ongoing monitoring and supervision to ensure that the implementations are effective and that any new risks are addressed promptly.

The answer provided accurately represents the structured process of ORM that is crucial for enhancing safety and operational effectiveness within naval