In what year was Operational Risk Management (ORM) introduced?

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Multiple Choice

In what year was Operational Risk Management (ORM) introduced?

Explanation:
Operational Risk Management is a formal, structured approach to reducing risk that was introduced as a standardized program across the DoD in 1996. While risk awareness and hazard handling existed before, 1996 marks the point at which ORM became the official, widely adopted framework for planning, decision‑making, and operation execution. The other years don’t reflect that formal introduction date: earlier years saw risk ideas in use but not the standardized ORM program, and later years followed after the program was already in place.

Operational Risk Management is a formal, structured approach to reducing risk that was introduced as a standardized program across the DoD in 1996. While risk awareness and hazard handling existed before, 1996 marks the point at which ORM became the official, widely adopted framework for planning, decision‑making, and operation execution. The other years don’t reflect that formal introduction date: earlier years saw risk ideas in use but not the standardized ORM program, and later years followed after the program was already in place.

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