What does the term "control measures" refer to in ORM?

The term "control measures" in Operational Risk Management (ORM) specifically refers to strategies that are implemented to eliminate or reduce risk. This concept is central to ORM, which aims to identify potential hazards and mitigate their impact on operations. Control measures can encompass a variety of actions, including changes to procedures, safety equipment, training programs, and other precautions designed to minimize the likelihood or severity of incidents.

By focusing on eliminating or reducing risks, control measures play a pivotal role in promoting safety and ensuring that missions can be executed effectively. This proactive approach not only safeguards personnel and assets but also enhances overall operational efficiency.

Other alternatives do not accurately capture the essence of "control measures." For instance, measures to evaluate performance focus on assessing outcomes rather than actively managing risk, actions taken after incidents pertain to response rather than prevention, and documentation procedures involve record-keeping rather than direct risk management. Hence, the definition of control measures as strategies aimed at risk reduction is essential in ORM practice.