Navy Operational Risk Management (ORM) 2025 – 400 Free Practice Questions to Pass the Exam

The term that is used to develop controls involving time, money, people, or equipment is "Resource." In the context of Navy Operational Risk Management, resources refer to the various inputs—both tangible and intangible—that are necessary to implement effective safety and operational plans. Managing these resources effectively is essential to mitigate risks associated with military operations.

When developing controls, understanding the allocation and management of these resources is critical, as it helps ensure that all necessary elements are available to address potential risks. This includes assessing the availability of personnel for a given task, budgeting for equipment repairs or upgrades, and allocating time efficiently for mission planning and execution.

In contrast, other terms such as risk, residual risk, and exposure are more related to the identification and assessment of potential hazards rather than the allocation and control of the requisite resources needed to manage those hazards. Understanding the distinction can greatly enhance one's ability to apply ORM principles effectively.