Which principle of ORM encourages anticipating and managing risks by planning?

The principle that emphasizes anticipating and managing risks by planning is essential in ensuring that potential hazards are identified and addressed proactively. This principle underscores the importance of foreseeing possible risks before they occur, allowing individuals or organizations to implement strategies that mitigate those risks effectively.

By planning for risks, one can create a framework to manage them, ensuring that responses are not only swift but also calculated. This approach leads to better decision-making and resource allocation, ultimately contributing to safety and efficiency in operations. It reinforces a culture of preparedness, where potential challenges are considered in advance, rather than reacting to problems as they arise.

The other principles, while important, focus on different aspects of risk management: making decisions at appropriate organizational levels, balancing risk with benefits, and minimizing unnecessary risks, but none highlight the proactive anticipation and planning for risks in the same way as this principle does.