Which of the following is NOT a step of ORM?

The correct choice is based on the understanding of the principles of Operational Risk Management (ORM). ORM is a systematic, decision-making process used to identify and mitigate risks associated with operational activities.

The steps of ORM typically include identifying hazards, assessing risks, making risk decisions, and implementing controls, which are crucial for managing safety and efficiency in operations. Documenting training, while important in the broader context of operational readiness and personnel qualifications, is not a recognized step within the ORM process itself. ORM focuses specifically on risk assessment and mitigation strategies rather than training documentation.

Therefore, "Document Training" does not fit within the defined steps of the ORM process, making it the correct response to the question.