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Operational Risk Management Guide - USDA

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.

Feb 26, 2020 · Management (ORM) process to better plan for and address the inherent risks that our employees face. ... Often the words ‘Hazard’ and ‘Threat’ are used interchangeably. Exposure: A term used to assess the amount of time a resource or a value is proximally in a position to be harmed by a hazard. Exposure is a tool used by risk managers to ...

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