Navy Operational Risk Management (ORM) Practice Test 2025 - Free ORM Practice Questions and Study Guide

When an unacceptable risk is identified, implementing additional controls or potentially canceling the operation is a crucial action. This response directly addresses the need to either mitigate the risk through enhanced safeguards or to halt the planned operation if the risk level cannot be reduced to an acceptable threshold.

In risk management, it is vital to prioritize the safety and well-being of personnel and assets. By adding controls, such as safety measures, procedural changes, or equipment upgrades, you can effectively reduce the risk of potential harm. If these actions aren’t feasible or sufficient, canceling the operation entirely is a responsible choice to prevent incidents that could have harmful consequences.

Other options, while they might seem relevant, do not directly tackle the immediate concern of an identified unacceptable risk. For instance, increasing the budget for risk management does not directly mitigate the risk itself. Similarly, conducting a risk assessment evaluation report is valuable for understanding risks but does not provide actionable measures to deal with an already identified unacceptable risk. Training is beneficial for overall preparedness but does not address the specific risk in question. Therefore, the most effective course of action is to implement controls or cancel the operation, ensuring safety remains the top priority.