In the risk assessment step, what two factors are evaluated?

In the risk assessment step of the Navy Operational Risk Management (ORM) process, the evaluation focuses on probability and severity. This step is critical as it helps in determining the likelihood of a risk occurring and the potential impact it could have on operations, personnel, and equipment.

Probability refers to the chance that a particular risk will manifest during a given operation. It involves assessing historical data, experiences, and situational factors to judge how likely it is that a risk might occur.

Severity, on the other hand, assesses the consequences of the risk should it happen. This includes evaluating how serious the impact could be on mission success, human life, and resources.

Together, these two factors provide a comprehensive understanding of threats and help decision-makers prioritize risks based on their potential effects, leading to informed strategies for risk mitigation. By thoroughly analyzing probability and severity, commanders and personnel can effectively allocate resources and implement necessary countermeasures to ensure operational safety and mission success.