What is the focus of the "Make Risk Decisions" step in ORM?

The "Make Risk Decisions" step in Operational Risk Management (ORM) is fundamentally about determining acceptable levels of risk. This step is crucial because it involves evaluating the potential risks associated with a task or operation and making informed decisions on how to proceed. It requires assessing the likelihood of risks occurring and the potential impacts they may have on personnel, equipment, and mission objectives.

In this phase, decision-makers must weigh the benefits of taking a particular action against the risks involved. The goal is to ensure that actions taken are within acceptable risk thresholds, which aligns with the overall objectives of safety and efficiency within Navy operations. Engaging in this step enables teams to effectively balance operational performance with safety considerations, ensuring a proactive approach to risk management.

While assessing operational resources, identifying potential hazards, and developing standard operating procedures are all important aspects of the ORM process, they precede the decision-making phase and inform the risk evaluation. Therefore, understanding and establishing acceptable levels of risk is pivotal in executing ORM effectively.