Which aspect is included in the ORM evaluation process?

The correct choice, risk assessment, is a critical component of the Operational Risk Management (ORM) evaluation process. Risk assessment involves identifying hazards, evaluating risks associated with those hazards, and determining the potential impacts of those risks on operations. This process is essential for making informed decisions about how to manage and mitigate risks effectively. It encompasses identifying both the likelihood of an occurrence and the severity of its potential consequences, thereby enabling personnel to prioritize and implement risk controls.

In the context of ORM, the effectiveness of identifying and analyzing risks helps ensure that operations can be conducted safely and efficiently, aligning with the overall goal of minimizing potential hazards in any given activity. By focusing on risk assessment, teams can proactively address issues before they lead to accidents or operational failures, enhancing mission success and safety.