risk management

Definition/Scope: (DOD) The process of identifying, [Note: the Marine Corps definition replaces “identifying” with “detecting”] assessing, and controlling risk arising from operational factors, and making informed decisions that balance risk cost with mission benefits. [Note: the Marine Corps definition adds “The five steps of risk management are identify the hazards, assess the hazards, develop controls and make risk decision, implement controls, and supervise and evaluate.] FM 5-19 and 1-02

Used For:

composite risk management

Acronym:

RM

Broader Terms:

Army Safety Center
Infrastructure and Geophysical Division
management
MDMP
mission analysis

Narrower Terms:

composite risk management
risk assessment
risk decision
risk reduction
risk tolerance
US Army Combat Readiness/Safety Center

Related Terms:

accidental fatalities
countermeasures
Force Protection
mission essential vulnerable area
risk
safety
vulnerability assessment