Which of the following is NOT one of the three levels of ORM?

The reason for choosing "Time-Delayed" as the option that is NOT one of the three levels of Operational Risk Management (ORM) lies in an understanding of the ORM framework, which is designed to address different types of risks based on the urgency and context of the operations.

ORM typically has three recognized levels: In-Depth, Deliberate, and Time-Critical Risk Management (TCRM).

• In-Depth refers to situations where there is ample time to analyze risks thoroughly. This allows for a comprehensive assessment and consideration of all potential factors before making decisions.

• Deliberate involves scenarios where there is some time to assess risks but not as extensive as in the in-depth level. It balances between urgency and the need for careful consideration.

• TCRM is applicable in high-tempo, fast-moving environments where quick decision-making is crucial, and there may be insufficient time to conduct a thorough risk analysis.

"Time-Delayed", however, does not fit within this established framework. It does not represent a recognized level of ORM and lacks a specific definition that aligns with the practicalities of risk management used in operational contexts. Thus, identifying "Time-Delayed" supports an understanding of ORM's structure and categories of risk evaluation.