LPP Usage Operational Risk Management 1. Identify Hazards- LPP damaged or inoperable. – Marines not trained on how to use LPP. – Air bottles not filled. 2.
Assess Hazards Using the following matrix, you will get your risk assessment (Severity x Probability = Risk).
Mishap Probability A B C D Hazard I 1 1 2 3 Severity II 1 2 3 4 III 2 3 4 5 IV 3 4 5 5 Probability: A. Expected to occur frequently. Probable will occur in time.
May occur in timeD. Unlikely to occur Severity: I. May cause / death permanent disability II. May cause partial disability III. May cause minor injury IV. Presents minimal threat to personal safety or health, or property, but is still in violation of a standard.
Risk Assessment Code Definition 1 – Critical 2 – Serious 3 – Moderate 4 – Minor 5 – Negligible 3. Develop Controls and Make Risk Decisions Risk: LPP Damaged or Inoperable Control: Since we know the TRAP Force will have to use the LPP’s every time they do a mission, simply issue each Marine on the TRAP Force his own LPP, then he will be responsible for it’s use. Risk: Marines not trained on how to use LPP Control: Getting each Marine Shallow Water Egress Training qualified. Risk: Air bottles not filled Control: If Marines were issued their own LPP, they would become responsible for the upkeep of it.
4. Implement Controls Make sure every Marine who is on the TRAP force is thoroughly familiarized with the LPP, and knows how to check for basic serviceability. Make sure everyone knows what they are doing, and identify any problems well in advance of standing on the ramp and asking “What is this”, “Is this ok”, “How do I use this”, etc. 5. Supervise There must be supervision in order to ensure that all personal are properly trained and checking their equipment, not just putting it away and assuming it will be fine when they need. Marines constantly need to be reminded how serious of a problem this can become if the LPP is not in good working order..
The Term Paper on Evaluation of Comptronix Corporation: Identifying Inherent Risk and Control Risk Factors
1. Professional auditing standards present the audit risk model, which is used to determine the nature, timing, and extent of audit procedures. Describe the components of the model and discuss how changes in each component affect the auditor’s need for evidence. The audit risk model is used to determine the nature, timing, and extent of substantive audit procedures. The components of audit risk ...
