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Risk Management

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Risk Benefit Risk Management CPT J. Craig SG 190 Purpose Introduce the concept of risk management Outline What is Risk Management? Why Risk Management? – PowerPoint PPT presentation

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Title: Risk Management


1
Risk Management
Risk
Benefit
  • CPT J. Craig
  • SG 190

2
Purpose
  • Introduce the concept of risk management
  • References
  • FM 101-5, Appendix J
  • http//safety.army.mil/

3
Outline
  • What is Risk Management?
  • Why Risk Management?
  • Key Definitions
  • The Risk Management Process
  • Risk Management Integration
  • Summary
  • Conclusion

4
What is Risk Management?
  • Originally for high-risk complex activities
    (Space, Aviation)
  • Applicable to all Army operations at all levels
  • Systems based concept
  • Not a Science not Common Sense

Not Risk Avoidance!
5
Why Risk Management?
  • Preserve combat power
  • Because it works!
  • Korean cold weather example
  • Dramatic decrease in accidents Army-wide
  • FY 96 Accident Rates

Total Accident Rate 4.22 per 1000 soldiers
record low according to Army Safety Center, Jan
97
6
Key Definitions
  • Hazard
  • Risk
  • Probability
  • Severity
  • Risk Assessment
  • Risk Management
  • Residual Risk
  • Gambling

Bold, Aggressive Risk Taker vs. Gambler ?
7
The Process
5. Supervise
8
The Process
  • Compressible, flexible
  • Level of detail depends on
  • Time available
  • Level of risk
  • Control all risks that can be controlled
  • Accept no unnecessary risks
  • Make decisions at appropriate level

9
Risk Management Integration
The Next Generation
  • Embed RM in all Army does
  • Incorporates AAR
  • Were controls communicated?
  • Were controls implemented?
  • Was Risk Management effective?
  • Risk Management Integration Plan
  • Draft dated 24 Dec 97

10
Summary
  • What Risk Management is
  • Why Risk Management is important
  • Definitions
  • The Risk Management process
  • Risk Management Integration

Questions?
11
Conclusion
  • Risk management helps us preserve combat power
    and retain the flexibility for bold and decisive
    action. Proper risk management is a combat
    multiplier that we can ill afford to squander.
  • General Reimer
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