Which of the following statements about operational risk awareness is correct?
A) It is good practice to collect and disclose incidents and near-misses for the future benefit of the professional community.
B) It is good practice to collect and analyze incidents and near-misses so as to set up preventive action plans for the future.
C) A report describing operational risks should be made at the request of the front office.
D) A report describing operational risks should be made at least once a year and provided to the front office.

Question

Quizplus · Accepted Answer

It is good practice to collect and analyze incidents and near-misses so as to set up preventive action plans for the future. This helps organizations to identify and mitigate operational risks before they occur, which can save money and protect reputation. A report describing operational risks may be requested by the front office, but it is not necessary to provide it at a specific interval like once a year. The focus should be on continuous monitoring and improvement. Collecting and disclosing incidents and near-misses can also be beneficial, but the primary purpose should be to learn from them and take action to prevent them from happening again.

Which of the Following Statements About Operational Risk Awareness Is