Composite risk management (CRM) is a decision-making process for identifying hazards and controlling risks across the full spectrum of Army missions and activities both on-duty and off-duty.
Further Explanation:
CRM has four key principles that govern its application. These underlying principles should be considered before, during, and after every application of the Process.
Accept No Unnecessary Risk: All ARMY missions and daily routines involve risk. One must accepts necessary risk required to successfully complete the mission or task. Unnecessary risk comes without a corresponding return, in terms of real benefits or available opportunities. CRM is dedicated to exposing and avoiding unnecessary risks.
Make Risk Decisions at the Appropriate Level: Those accountable for the success or failure of the mission must be included in the risk-decision process. This establishes clear accountability. Commanders must ensure that subordinates know how much risk they may accept and when they must elevate the decision to a higher level.
Accept the Risk When the Benefits Outweigh the Costs: Even high-risk endeavors may be undertaken when there is a clear knowledge that the sum of the benefits exceeds the sum of the costs. CRM is about controlling risk, not avoiding all risk.
Integrate CRM into Doctrine and Planning at all Levels: Integrating risk management into planning as early as possible provides the decision-maker the greatest opportunity to apply CRM principles. Usually, it reduces costs and enhances CRM's overall effectiveness too.
Learn more:
- What is CRM software designed to do?
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What is the last step in the composite risk management (CRM) process?
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Keywords: CRM, risk management, risk decisions, planning, accountability
