Common Safety Orientation (CSO) Practice Test

How is Operational Risk Management best described?

1. A method for evaluating employee performance

2. The process of managing risk in military operations

3. A strategy for reducing work-related injuries

4. A procedure for financial risk assessment

The correct answer is: The process of managing risk in military operations

Operational Risk Management is best described as the process of managing risk in military operations. This encompasses the identification, assessment, and prioritization of risks, followed by coordinated efforts to minimize, monitor, and control the probability and impact of unforeseen events. The focus here is specifically on how risks can affect military missions and operations, including everything from logistics and personnel safety to equipment readiness. Understanding this process is essential for effectively executing military objectives while ensuring the safety of personnel and resources. While the other options touch on various aspects of risk management, none focus specifically on the context of military operations, which is what distinguishes Operational Risk Management.