Which four steps comprise Operational Risk Management as applied by a DivO when planning a watch or evolution?

Which four steps comprise Operational Risk Management as applied by a DivO when planning a watch or evolution?

• A. Predict hazards, assign blame, implement disciplinary actions, document outcomes.
• B. Analyze crew morale, budget impact, schedule optimization, and risk elimination.
• C. Identify hazards, mitigate them, ignore monitoring.
• D. Identify hazards, assess hazards, develop controls, implement controls and monitor their effectiveness.

Answer: (D)

Operational Risk Management in this context is about a structured, hazard-driven way to reduce risk during planning. The four steps are: identify hazards, assess hazards to determine risk, develop and implement controls to mitigate those risks, and monitor the effectiveness of those controls to ensure residual risk stays in acceptable bounds. This sequence gives the DivO a clear path from recognizing what could go wrong to making sure the chosen safeguards actually work over time. Why this fits: identifying hazards starts the process by listing all potential dangers in the watch or evolution. Assessing hazards evaluates how likely each hazard is and how severe the consequence would be, guiding priority. Developing and implementing controls chooses and applying the most effective ways to reduce risk. Monitoring and maintaining awareness of control effectiveness ensures safeguards remain valid and adjustments are made if conditions change. The other options miss essential elements or introduce actions not aligned with ORM. Disciplinary actions or blaming someone don’t reduce risk in the planning process. Focusing on morale, budget, or schedule without tying them to hazard management ignores the hazard-centric approach. Ignoring monitoring defeats ORM’s purpose, since controls must be tested and adjusted to stay effective.

Operational Risk Management in this context is about a structured, hazard-driven way to reduce risk during planning. The four steps are: identify hazards, assess hazards to determine risk, develop and implement controls to mitigate those risks, and monitor the effectiveness of those controls to ensure residual risk stays in acceptable bounds. This sequence gives the DivO a clear path from recognizing what could go wrong to making sure the chosen safeguards actually work over time.

Why this fits: identifying hazards starts the process by listing all potential dangers in the watch or evolution. Assessing hazards evaluates how likely each hazard is and how severe the consequence would be, guiding priority. Developing and implementing controls chooses and applying the most effective ways to reduce risk. Monitoring and maintaining awareness of control effectiveness ensures safeguards remain valid and adjustments are made if conditions change.

The other options miss essential elements or introduce actions not aligned with ORM. Disciplinary actions or blaming someone don’t reduce risk in the planning process. Focusing on morale, budget, or schedule without tying them to hazard management ignores the hazard-centric approach. Ignoring monitoring defeats ORM’s purpose, since controls must be tested and adjusted to stay effective.