In ORM, what category would a hazard with a catastrophic severity be classified as?

In Operational Risk Management (ORM), hazards are classified based on their severity and the potential impact they could have. A hazard with catastrophic severity is associated with the most significant adverse outcomes, including loss of life, severe injury, or irreversible damage. In ORM, this level of severity is classified as Category I.

Category I encompasses those hazards that could result in the most drastic consequences, making them a top priority for risk management activities and mitigation strategies. This classification reflects the critical nature of the hazard, necessitating immediate attention and a robust response. Higher awareness and stringent controls are essential in managing hazards classified within this category to ensure safety and reduce potential risks effectively.