What does ORM stand for in risk management?

What does ORM stand for in risk management?

• A. Operational Risk Monitoring
• B. Occupational Risk Mitigation
• C. Operation Risk Management
• D. Organizational Risk Management

Answer: (C)

The concept being tested is applying a formal risk-management process to the actions and activities you perform in operations. ORM stands for Operation Risk Management, which conveys using that risk-control process directly within operational activities to protect personnel and resources while accomplishing the mission. This makes it the best fit because it emphasizes managing risk during the actual operations, not just watching risk (monitoring), focusing on workplace safety for individuals (occupational), or addressing risk at an organizational level rather than during the operational tasks themselves. The other phrases describe different scopes—monitoring risk, safeguarding workers, or overseeing risk at the organization level—none of which captures the active, on-the-ground risk-management process applied to operations.

The concept being tested is applying a formal risk-management process to the actions and activities you perform in operations. ORM stands for Operation Risk Management, which conveys using that risk-control process directly within operational activities to protect personnel and resources while accomplishing the mission. This makes it the best fit because it emphasizes managing risk during the actual operations, not just watching risk (monitoring), focusing on workplace safety for individuals (occupational), or addressing risk at an organizational level rather than during the operational tasks themselves. The other phrases describe different scopes—monitoring risk, safeguarding workers, or overseeing risk at the organization level—none of which captures the active, on-the-ground risk-management process applied to operations.