Which hazard probability category indicates that hazards are likely to occur in a short timeframe?

The probability category that indicates hazards are likely to occur in a short timeframe is Category A. This category is specifically designed to represent high-probability scenarios where incidents are expected to happen frequently or imminently. In operational risk management, understanding the likelihood of certain hazards helps organizations prioritize their risk mitigation efforts and allocate resources effectively.

Category A reflects situations that present a near-term threat, signaling the need for immediate attention and action to mitigate those risks. By identifying hazards in this manner, organizations can enhance their resilience and preparedness for potential operational disruptions. The classification system, including various categories, helps delineate the urgency and importance of addressing different risks to maintain effective operational functioning.