Composite risk management is a decision-making tool used by the army to identify, assess and control hazards that can kill or injure recruits, damage equipment, or otherwise hinder operations, functions and missions. CRM is a continuous process that enables the army commanders to balance risks against potential benefits.Know More
There are five critical steps of CRM, which include identifying hazards; assessing hazards to ascertain the risk; developing controls and making the right decision; implementing controls; and then supervising and evaluating the outcome. For effective CRM, you must integrate the process into all phases of army missions, operations, functions and activities that are both on-duty or off-duty. Additionally, all decisions must be made at the appropriate levels of command.
Hazards are identified during tactical mission-planning by applying a METT-TC framework. A METT-TC framework is a mnemonic used by the U.S. army to help commanders to remember and prioritize what they had analyzed in the initial stages of CRM.
Risk can be divided into two major categories: tactical and accidental risk. Though these are the two key areas of concern of CRM, it does not matter how, when or where the loss occurs, the outcome is the same: mission ineffectiveness or decreased combat power.Learn more about Military
The Army training management cycle is a process used by the U.S. military to train soldiers to accomplish different goals during wartime. The cycle breaks down into three primary phases: to assess, plan and execute in accordance with the mission essential task list.Full Answer >
Core functions of treasury management include raising funds through capital markets, managing cash flow, aligning a company's corporate and financial strategies, managing business risks and controlling treasury operations. The treasury department reports to the board on the company's financial situation and possible future risks.Full Answer >
The functions of managerial accounting include analyzing, collecting and reporting information regarding the finances and operations of a business. Managerial accountants typically report data, statistics and recommendations internally to managers of a company or business, according to Accounting Tools.Full Answer >
The training experience for recruits assigned to Fort Benning varies depending upon the assigned job. Infantry and armor troops continue on at this location with their advanced training, but all recruits assigned to Fort Benning have to complete the standard 10-week basic combat training course.Full Answer >