According to ORM principles, risks should be managed through planning. Which principle reflects this idea?

The principle that emphasizes managing risks through planning is indeed the one focused on anticipating and managing risk by planning. This principle highlights the proactive approach to risk management, underlining the importance of identifying potential hazards before they materialize. By integrating risk management into the planning process, organizations can develop strategies that minimize negative impacts while maximizing opportunities.

Planning allows for a thorough assessment of potential risks and helps in establishing mitigation strategies that can be implemented effectively. This forward-looking mindset is essential for ensuring that risks are addressed in a structured way, enabling better decision-making and resource allocation.

Other principles, while important aspects of risk management, focus on different elements. For instance, accepting no unnecessary risk emphasizes the need to distinguish between acceptable and unacceptable risks. Making risk decisions at the right level pertains to ensuring that decisions regarding risk are made by those who have the appropriate authority and understanding. Accepting risk when benefits outweigh costs involves a cost-benefit analysis but does not specifically call for planning as an integral part of risk management.