What is the primary goal of the ORM process?

The primary goal of the Operational Risk Management (ORM) process is to enhance mission success. This focus emphasizes the importance of identifying, assessing, and managing risks that could potentially hinder the achievement of organizational objectives. By systematically evaluating risks and implementing appropriate controls, ORM helps to ensure that operations can be conducted effectively and efficiently, thereby increasing the likelihood of successful outcomes.

While minimizing costs and ensuring compliance are important aspects of overall business operations, they are not the central focus of ORM. Cost minimization can result from effective risk management, and compliance is a necessary requirement for many organizations; however, these are secondary to the overarching goal of ensuring that the organization can successfully complete its mission. Developing leadership skills, while valuable, also does not directly align with the primary objective of ORM, which is centered on operational effectiveness and mission attainment. Through ORM, organizations can proactively manage risks, leading to improved performance and mission success.