Transcription of Operational Risk Management Guide - USDA
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Operational RISK Management Guide DEPARTMENT OF AGRICULTURE FOREST SERVICE 2020 Last Updated 02/26/2020 RISK Management COUNCIL IN COOPERATION WITH THE OFFICE OF SAFETY & OCCUPATIONAL HEALTH and THE NATIONAL AVIATION SAFETY COUNCIL Contents Contents .. 2 Executive Summary .. i Introduction .. 1 What is Operational Risk Management ? .. 1 The Terminology of ORM .. 1 Principles of ORM Application .. 6 The Five-Step ORM Process .. 7 Step 1: Identify Hazards .. 7 Step 2: Assess Hazards .. 8 Risk Assessment Matrix .. 8 Risk Assessment Tool .. 13 Step 3: Make Risk Decisions .. 15 Identifying Risk Management Strategies .. 15 Evaluate Risk vs. Gain .. 16 Risk Decision Authority Chart .. 17 Step 4: Implement Controls .. 17 Step 5: Supervise .. 20 Communicate, Evaluate, Validate .. 20 ORM Process Examples .. 21 References .. 23 Appendix 1: Risk Assessment Worksheet .. 244 Appendix 2: Risk Assessment Matrix .. 24 Appendix 3: Risk Assessment Codes .. 27 Appendix 4: Risk Assessment Tool.
Feb 26, 2020 · The risk management process operates on four connected and affiliated levels: enterprise, strategic, deliberate (operational), and real-time (time-critical). Although the concepts at all levels are similar, the scope varies from the agency mission to a single tree. While it may be desirable to apply risk management
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