What is a benefit of applying ORM principles during planning?

Applying ORM principles during planning is advantageous because it enables proactive risk management. By incorporating ORM into the planning phase, project managers and teams can identify potential risks before they become problematic. This foresight allows for the development of strategies to mitigate these risks, thereby enhancing the overall safety and effectiveness of operations.

Proactive risk management involves assessing potential hazards, evaluating the likelihood of their occurrence, and determining appropriate measures to minimize their impact. This approach is essential in operational settings, where unforeseen risks can lead to significant challenges or failures. By addressing these risks in advance, teams can create more robust plans that account for various scenarios, improve decision-making, and lead to better resource allocation.

Other options do not align with the primary benefits of ORM. Minimizing costs or extending timeframes may be side effects of thorough risk assessment and management, but they are not direct benefits of applying ORM principles. Overlooking risks contradicts the very purpose of ORM, which is to ensure that risks are identified and managed systematically.