operational risk management
DESCRIPTION
Operational Risk Management. PCR-WA-049 1Lt Ryan Hooper, Safety Officer. Operational Risk Management. OBJECTIVE: Given an ORM Analysis Worksheet, have an understanding of the ORM steps for completing the form, IAW CAPR 62-1. CAP Regulation Requirements 5 M Model - PowerPoint PPT PresentationTRANSCRIPT
Operational Risk Management
PCR-WA-0491Lt Ryan Hooper, Safety Officer
Operational Risk Management
OBJECTIVE:Given an ORM Analysis Worksheet, have an understanding of the ORM steps for completing the form, IAW CAPR 62-1.
• CAP Regulation Requirements• 5 M Model • Six Steps of ORM Model – Worksheet Review• S + P = E • Leaders Managing Risk
Operational Risk Management
MH – 60T HELICOPTER
Operational Risk Management
Operational Risk Management
Operational Risk Management
Operational Risk Management
5 M Model
• MAN• MEDIA• MACHINE• MANAGEMENT• MISSION
ORMOperational Risk
Management
THE RISK ASSESSMENT MATRIX KEY TOOL FOR RISK ASSESSMENT
P R O B A B I L I T Y
Frequent Likely Occasional Seldom Unlikely
Catastrophic
Critical
Moderate
Negligible
SEVERITY Low
Medium
High
Risk Levels
Extremely
High High
12
THE MODIFIED RISK ASSESSMENT MATRIX
P R O B A B I L I T Y
Frequent Likely Occasional Seldom Unlikely
Catastrophic
Critical
Moderate
Negligible
SEVERITY
9
High
Risk Levels
1
3
6
4
5
13
11
2 8
7
14
15
10 16
20 18 17 19
Extremely High High Medium Low
High Gain Medium Gain Low Gain
Low Risk
Accept the Mission. Continue to monitor Risk Factors
Accept the Mission. Continue to monitor Risk Factors
Accept the Mission. Re-evaluate Risk vs. Gain
Medium Risk
Accept the Mission. Monitor Risk Factors Employ Control Options
Accept the Mission. Monitor Risk Factors Employ Control Options
Accept the Mission. Monitor Risk Factors Actively pursue Control Options to reduce Risk
High Risk
Accept the Mission only with Command endorsement. Communicate Risk vs. Gain to Chain of Command. Actively pursue Control Options to reduce Risk.
Accept the Mission only with Command endorsement. Communicate Risk vs. Gain to Chain of Command. Actively pursue Control Options to reduce Risk.
Do not Accept the Mission. Communicate to Chain of Command. Wait until Risk Factors change or Control Options warrant.
Operational Risk Management
Operational Risk Management
C A P
C A P
Operational Risk Management
Operational Risk Management
Operational Risk Management
Operational Risk Management
Operational Risk Management
Operational Risk Management
Operational Risk Management
QUESTIONS, COMMENTS, CONCERNS?
1Lt Ryan HooperCell: 727-527-9546
SEMPER VIGILANS