ATS 6 ORM

Operational Risk Management

• 3
• Decision making process at all levels
• Increases the ability to make informed decisions
• Minimizes risk to acceptable levels

• Accept the risk only when the benefits outweigh the costs.
• Accept no unnecessary risk.
• Anticipate and manage risk by planning.

• 3
• Time critical
• In depth
• Deliberate

• Identify the hazards
• Assess the risks
• Make risk decisions
• Implement controls
• Supervise

• 4
• CAT I – May cause death, loss of asset or result in grave damage
• CAT II – May cause severe injury
• CAT III – May cause minor injury
• CAT IV – Presents minimal threat

• A – Likely to occur
• B – Probably will occur in time
• C – May occur in time
• D – Unlikely to occur

Risk Assessment Codes

• 1-Critical
• 2-Serious
• 3-Moderate
• 4-Minor
• 5-Negligable

A condition with the potential to cause death, injury equipment damage, or mission degradation.

Chances of adverse outcome or bad consequences; such as injury, illness, or loss.

A process of detecting hazards and assessing risks.