BUISENESS MANAGEMENT
RISK MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
A tool for evaluating mission readiness and likelihood of equipment failure
|
|
|
A decision-making process for managing day-to-day schedules when there are conflicts
|
|
|
A tool for leadership to manage workflow and activities while on-duty
|
|
|
A decision-making process for identifying hazards and controlling risks both on-duty and off-duty
|
Detailed explanation-1: -Explanation: Risk Management : A decision-making process for identifying hazards and controlling risks both on-duty and off-duty is called a Risk Management (RM). Hence, Off-duty risk decisions are the responsibility of individual Soldiers.
Detailed explanation-2: -Risk management is the process of identifying risks and planning actions to manage the risks. The identified risks are assessed and prioritized. Only significant risks are managed. Risk management decision making is a process to select the best alternatives or rank the alternatives for a specific risk management goal.
Detailed explanation-3: -Identify hazards and risk factors that have the potential to cause harm (hazard identification). Analyze and evaluate the risk associated with that hazard (risk analysis, and risk evaluation). Determine appropriate ways to eliminate the hazard, or control the risk when the hazard cannot be eliminated (risk control).
Detailed explanation-4: -Risk management is a step-by-step process for controlling health and safety risks caused by hazards in the workplace. You can do it yourself or appoint a competent person to help you. Identify hazards. Assess the risks. Control the risks.