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Brief:
“Risk management is a proactive measure. Risk management policies and practices are most effective when they help define the acceptable level of risk. Quantifying Risk provides an enhanced basis for risk management. However, maritime operations have very specific hazards and challenges e.g.
– Extremities and unpredictability of the environment
– Safety culture – change is slow
– Continuous operations (24×7)
– Isolation (confined and isolated workplace)”
Given the above understanding and discussions on risk management, discuss the following:
1. Where can we gain the greatest return utilizing risk management in marine transportation?
2. Given that safety in maritime operations is heavily dependent on support and commitment levels within the organization, how can we integrate the human and organizational factors into the risk assessment and risk management process?
If possible, incorporate a maritime-related case study or real-world example to strengthen the discussion.
