Which level of ORM is characterized by having little or no time available for decision-making?

The level of ORM (Operational Risk Management) characterized by having little or no time available for decision-making is indeed Time-Critical. This level arises in situations requiring immediate action where delays could lead to adverse outcomes, such as an emergency or crisis scenario.

During Time-Critical decision-making, individuals or teams must rely on their training, experience, and instinct, as there is insufficient time to conduct a thorough risk analysis or consult all available resources. This often entails making quick assessments based on limited information while prioritizing safety and operational effectiveness.

In contrast, the other levels of ORM allow for more comprehensive evaluations and planning. Deliberate decision-making, for instance, affords time to analyze risks and develop strategies in a more measured manner, while In Depth and Planned respectively involve detailed assessments and pre-planned strategies, allowing for well-informed decisions. These levels are typically employed in less urgent situations where the opportunity to analyze options exists.