LOG BOLC Exam 6 Practice 2026 – Complete Study Guide

In field Risk Management, you assess how likely a hazard is to occur and how severe the consequences would be if it does. These two factors—probability (likelihood of occurrence) and severity (potential impact)—are used together to determine the overall risk level and guide the controls you put in place. Using hazard probability and hazard severity mirrors this approach exactly, because it names the two dimensions you must evaluate to understand risk and prioritize mitigation. The other options describe either broad mission effects or risk categories, rather than the two core dimensions used to quantify risk.