Downloaded from https://www.everyspec.com Foundations of Risk Management Figure 1-1. A cyclical, continuous process for managing risk R EAL -T IME R ISK M ANAGEMENT 1-12. Army forces plan for all anticipated risks, but during execution, new risks can arise unexpectedly. Real-time RM refers to immediate management of hazards as they occur, usually during execution of an operation or performance of a task. In time-constrained conditions, intuitive decisionmaking tends to replace deliberate planning. Soldiers may only have time for a quick mental or verbal assessment of the new or changing situation. Real-time RM and deliberate RM have the same foundation.
Leaders must master the principles and steps of RM. They must practice applying them during planning and execution in time-constrained situations so real-time RM becomes second nature. STEPS OF RISK MANAGEMENT 1-13. The five steps of RM are— Step 1–Identify the hazards. Step 2–Assess the hazards. Step 3–Develop controls and make risk decisions. Step 4–Implement controls. Step 5–Supervise and evaluate. Steps 1 and 2 of RM are assessment steps— risk assessment is the identification and assessment of hazards (first two steps of risk management process) (JP 3-07.2). Steps 3 through 5 of RM are management steps (see figure 1-2, page 1-4). The goal of the entire process is managing risk.
However, to manage risk, Soldiers must first identify and assess hazards. It is preferable to divide complex missions into subtasks and then identify and assess hazards and manage risk for each subtask. 1-14. All members of the Army profession apply the steps of RM: commanders and staffs, Army leaders, Soldiers, and civilians. This text adopts the phrase RM practitioners to include all individuals and 14 April 2014 ATP 5-19 1-3