What are the 3 levels of ORM?

The three levels of Operational Risk Management (ORM) are indeed in-depth, deliberate, and time-critical. This classification is crucial for understanding how to apply ORM effectively across different situations.

In-depth ORM is used for complex or high-risk operations that require thorough analysis and evaluation of risks. This level involves a detailed examination of all potential hazards and the development of comprehensive strategies to mitigate them.

Deliberate ORM is appropriate for planning and preparing for events that may not be immediate but still require careful consideration of risks. This level allows for a systematic approach to identifying and managing hazards well in advance, ensuring that all necessary precautions are taken before the operation commences.

Time-critical ORM comes into play in situations that demand immediate decision-making. This level focuses on making quick assessments to manage risks effectively without the luxury of extensive analysis, which is essential in fast-paced or emergency environments where immediate actions can prevent harm.

The other options do not correctly represent the established levels of ORM. They may reference valid concepts or categories, but they do not align with the recognized framework of in-depth, deliberate, and time-critical ORM used in operational contexts.