What is the fourth step in the ORM process?

The fourth step in the Operational Risk Management (ORM) process is indeed to make risk decisions. At this stage, individuals or teams evaluate and prioritize the risks identified in the previous steps. The focus is on determining which hazards need to be controlled, and what level of risk is acceptable given the potential consequences and the controls that can be implemented.

Making risk decisions involves weighing the benefits of an operation against its risks, considering the potential impact on mission success and personnel safety. It is an essential part of the ORM process because it helps leaders decide how to proceed with various tasks while ensuring the safety and effectiveness of operations. This step directly influences the next stages of the ORM process, where specific controls will be developed and implemented to mitigate identified risks.