Which action is NOT part of the ORM process?

The action of terminating the operation is not a formal step in the Operational Risk Management (ORM) process. The ORM process is designed to help personnel identify and manage risks rather than immediately opting for termination as a response to identified hazards. The steps of the ORM process involve identifying hazards, assessing the risks associated with those hazards, and then implementing controls to mitigate those risks. Each of these steps contributes to developing a plan that allows operations to continue safely, rather than abruptly stopping them without addressing the underlying risks.

In practical application, terminating an operation might be a consideration if risks cannot be sufficiently controlled or if the risks are deemed unacceptable. However, within the structured ORM framework, termination itself is not a standard step. Instead, the focus is on identifying hazards, assessing the risks, and putting in place appropriate controls to manage risk to an acceptable level while still allowing operations to proceed safely.