Operational Risk Management (Orm) Assessment Template
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3OPERATIONAL RISK MANAGEMENT (ORM) ASSESSMENT
(OPNAVINST 3500.39 FIVE-STEP PROCESS)
Activity/Department:
___________________________________________________________________________
Work Process:
__________________________________________________________________________________
Yes
No
N/A
Step 1.
Identify Hazards:
a.
Has a flowchart been completed identifying major steps of
the work process?
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)
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)
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)
b.
Have applicable hazards of each step with possible causes
for those hazards been documented?
If yes, attach copy
(format on page 3).
If no, comment on page 2.
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)
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)
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)
Step 2.
Assess Hazards.
Each hazard identified in Step 1 will be
assigned a “Hazard Severity Category,” a “Mishap Probability
Rating,” and a “Risk Assessment Code (RAC).”
The below
matrices are a guide for assessing hazards.
a.
Has each hazard been assigned a Hazard Severity Category?
(
)
(
)
(
)
b.
Has each hazard been assigned a Mishap Probability Rating?
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)
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)
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)
c.
Has each hazard been assigned a RAC?
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)
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)
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)
Hazard Severity Category Matrix:
I (death, loss, or grave damage)
II (severe injury, damage, or inefficiencies)
III (minor injuries, damage, or inefficiencies)
IV (minimal threat to personnel and property)
Mishap Probability Sub-Category Matrix:
A (likely to occur immediately)
B (probably will occur in time)
C (may occur in time)
D (unlikely to occur)
Risk Assessment Code Matrix:
MISHAP PROBABILITY RATING
HAZARD
A
B
C
D
1-
Critical
SEVERITY
2-
Serious
I
1
1
2
4
3-
Moderate
II
1
2
3
4
4-
Minor
III
2
3
4
5
5-
Negligible
IV
3
4
5
5
Step 3.
Risk Decisions:
a.
Have risks been prioritized and internal controls selected
to reduce process risks?
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)
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)
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)
b.
Do selected internal controls provide benefits that
outweigh risks?
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)
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)
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)
c.
If risk outweighs benefit, does the process warrant reporting
to higher authority as a material weakness?
Discuss issues
on page 2.
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Step 4.
Internal Control Implementation (more than one type internal
control may apply):
a.
Have “Engineering Controls” been implemented that reduce
risks by design, material selection, or substitution when
technically or economically feasible?
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)
(
)
(
)
b.
Have “Administrative Controls” been implemented that
reduce risks through specific administrative actions,
such as:
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