Risk Management

The opportunity to establish a risk value on a routine operation may or may not be of use to the operations department. As the safety manager for an offshore drilling rig, you believe that a standard operating procedure (SOP) does not take into consideration the possibility for an incident that could cause a portion of the operation to be halted. Although not critical, it can still cost money. Where would you go to acquire the probability of the event occurring and the cost of the event? How would you want to introduce this to the operations department?
Your journal entry must be at least 200 words in length. No references or citations are necessary.

For more information on Risk Management read this: https://en.wikipedia.org/wiki/Risk_management


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The post Risk Management appeared first on Australia Assessments.

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