What is the purpose of operational risk management (ORM)?

The purpose of operational risk management (ORM) is to identify, assess, and manage risks associated with operational activities. This process involves systematically evaluating potential hazards that could impact personnel, equipment, and overall mission success. By actively engaging in risk management, individuals and organizations can make informed decisions that minimize risks and optimize safety within operations.

The key components of ORM include identifying potential risks, analyzing these risks to understand their impact, and implementing strategies to mitigate them. This proactive approach helps ensure that resources are allocated effectively and that the safety of personnel and mission integrity are upheld.

The other options focus on aspects that are not the primary objective of ORM. Enhancing crew morale, improving administrative efficiency, and developing new warfare strategies are important in their own rights but are not the main focus of operational risk management. ORM is fundamentally about weighing the risks involved in operations to safeguard against potential threats and enhance safety, thereby ensuring successful outcomes in military and operational contexts.