Which option represents a proactive approach in ORM?

Implementing training for risk management embodies a proactive approach in Operational Risk Management (ORM) because it focuses on equipping personnel with the knowledge and skills necessary to identify, assess, and mitigate risks before they lead to incidents. This forward-thinking strategy creates awareness and builds a culture of safety and preparedness within the organization.

Proactive measures, such as training, ensure that individuals understand potential hazards and are prepared to respond appropriately, thereby reducing the likelihood of accidents and enhancing overall operational effectiveness. The emphasis is on prevention and readiness, aligning with the core principles of ORM, which prioritize the anticipation of risks and the promotion of safety.

On the other hand, ignoring potential hazards, waiting for incidents to occur, and documenting risks only after they happen are all reactive approaches. These strategies do not seek to prevent incidents from happening; instead, they acknowledge issues only after they have arisen, which can lead to repeated failures and safety hazards. Thus, training represents the essence of proactive risk management by fostering a knowledgeable workforce that can actively engage in maintaining safety and minimizing risks.