Which two considerations are used to calculate risk for the Marine Corps Operational Risk Assessment?

Which two considerations are used to calculate risk for the Marine Corps Operational Risk Assessment?

• A. Likelihood and Duration
• B. Probability of Occurrence and Severity
• C. Impact and Probability
• D. Cost and Time

Answer: (B)

In the Marine Corps Operational Risk Assessment, risk is determined by two factors: probability of occurrence and severity. You estimate how likely a hazard is to cause harm and how severe that harm would be if it happened. Those two dimensions are then combined on a risk matrix to produce a risk level that guides what mitigations are needed. Duration, cost, or time aren’t part of the calculation, and while impact and severity refer to similar ideas, the standard terms used for the calculation are probability of occurrence and severity.

In the Marine Corps Operational Risk Assessment, risk is determined by two factors: probability of occurrence and severity. You estimate how likely a hazard is to cause harm and how severe that harm would be if it happened. Those two dimensions are then combined on a risk matrix to produce a risk level that guides what mitigations are needed. Duration, cost, or time aren’t part of the calculation, and while impact and severity refer to similar ideas, the standard terms used for the calculation are probability of occurrence and severity.