Military leaders must have the ability to evaluate and mitigate risks associated with military operations.
Risk Identification: Identifying potential risks and assessing their likelihood and impact.
Risk Assessment: Evaluating the potential consequences of identified risks and deciding which ones require action.
Risk Control: Taking action to reduce or eliminate identified risks.
Risk Communication: Communicating risks and their potential consequences to decision-makers and affected parties.
Risk Monitoring: Tracking identified risks and their potential impact on the project, organization, or mission.
Risk Mitigation: Developing and implementing strategies to reduce the potential impact of identified risks.
Risk Analysis: Analyzing the inputs, processes, and outputs to identify potential risks and their likelihood and impact.
Risk Evaluation: Evaluating the potential impact of identified risks in terms of the organization's goals and objectives.
Risk Treatment: Developing and implementing strategies to treat identified risks, such as transfer, avoidance, or acceptance.
Risk Strategy: Developing a comprehensive strategy to manage risks across the organization or within a specific project.
Operational Risk Management (ORM): This is the process of identifying, assessing, and prioritizing risks associated with military operations.
Hazard Risk Management: The process of identifying and managing hazards that could pose a threat to military personnel or equipment, including natural disasters, industrial accidents, and environmental hazards.
Enterprise Risk Management: A comprehensive approach to managing all risks that affect an organization or military unit.
Financial Risk Management: The process of identifying and managing financial risks, including operational, credit, market, and liquidity risks.
Cybersecurity Risk Management: The process of identifying, assessing, and managing risks associated with computer networks, systems, and data.
Strategic Risk Management: The process of identifying and managing risks that could impact the ability of an organization or military unit to achieve its strategic goals.
Reputation Risk Management: The process of identifying, assessing, and managing risks that could damage the reputation of an organization or military unit.
Health and Safety Risk Management: The process of identifying and managing risks associated with health and safety issues in the military, including physical, mental, and emotional risks.
Supply Chain Risk Management: The process of identifying and managing risks associated with the supply chain, including risks related to suppliers, transportation, and distribution.
Personnel Risk Management: The process of identifying and managing risks associated with military personnel, including training, discipline, and retention risks.