Risk Assessment Methods within a Shipping Company

First the risk assessment is taken on and this is about judging how likely the hazard could affect others and how high the risk of the hazard happening. Also the organisations are to report whether this sort of hazard has occurred earlier in the workshop.

Changing circumstances within the workplace can cause hazards because other workers can be put at risk because they haven’t been made aware of the changes and management needs to be informed. Risk assessment is a method put in place that is suitable and sufficient to control the risk to health and safety to both employees and other persons who may be affected.

Risk assessment- An assessment of any risks to the worker's health and safety is undertaken by a trained risk assessor. This allows for the risks to be removes, reduced or avoided, and for preventive and protective measures to be identifies and

The purpose of risk assessment is not to remove risks, but to take reasonable steps to reduce them. The process involves looking at the risk, and considering what can be done to make it less likely that the risk will develop into a reality. This can be done through implementing policies and codes of practice, acting in individual’s best interests, fostering culture of openness and support being consistent, maintaining professional boundaries and following systems for raising concerns.

Throughout the many different types of establishments that currently exist today, there are risk assessments methodologies which are used to estimate or determine risk. According to the Department of Homeland Security (DHS) Risk Lexicon (2010), risk assessment methodologies are defined as, “set of methods, principles, or rules used to identify and assess risk and to form priorities, develop courses of action, and inform decision-making” (p.25). Whether it is a risk assessment tailored for the government or private companies, the methods and principles are similar in a sense that they all aim at evaluating risk. Once risk can be determined, they can then decipher what types of strategies and decisions that should be used. Of the many risk assessments out there three distinct models who stood out were the Maritime Security Risk Analysis Model (MSRAM), The CARVER model, and lastly the Transportation Sector Security Risk Assessment (TSSRA). This paper will discuss the three risk assessment methodology’s origin, the intended audience, as well as some main elements and attributes. Afterward, the paper will conclude with my personal opinion to its strengths and weaknesses. But first, background on the selected risk analysis models in its designated order is needed starting with MSRAM.

The idea behind a risk assessment is to attempt to identify all the potential risks associated with a particular activity. The risk assessment will normally be carried out by the nominated Health and Safety Officer.

Risk assessments can help address dilemmas between rights and health and safety concerns by helping reduce any risks created by undergoing certain tasks, risks assessments are not in place to prevent an individual doing things that they want to do, they are in place to concentrate on the risk factors and to look at any other ways to reduce the risk of the task in hand.

It is important to assess health and safety risks in order to reduce or eliminate them. Risk assessments are vitally important in order to protect the health and safety of both you and the individual’s you support. You should always check that a risk assessment has been carried out before you undertake any task in order for you to follow the steps identified and reduce any risk posed. There are many regulations that require risks

A risk assessment is a form that has a risk, what is involved, how serious it could be and

* Estimate the risk level and probability and then determine the severity using the risk assessment matrix

Risk assessments are used to identify potential harm to an individual or persons. This identifies the possibility of a hazards and helps to reduce the possibility of harm, they are put in place to safeguard individuals. Risk assessments are reviewed and can be added to or changed if necessary

develop a methodology for quantifying risks, or should each situation be addressed individually? Can we have both a quantitative and qualitative risk evaluation system in place at the same time?

The value of risk assessment for risk management must be balanced against the accuracy and reliability of the data used, a process that is as much an art as it is a science. Risk assessment and risk management can be conflicting and should be carried out independently. Public concern and perceived risk, or public opinion, will strongly influence public policy and legislative action or risk management, even when no scientific validation exists for the said position. It is imperative to help the public understand that sometimes adequate or complete scientific information necessary to establish a standard is limited by the information available at that time. (Salvato, 1992)

Advancing from level 2 to level 3 requires using a risk register. 'The Risk Register is a tool to assist Project Managers in identifying likely sources of risk and the impact they may have on achieving objective. ' (Government office from the North West,2008). The first step is a brainstorm session to identify risk that may affect the project. It is important that the risks are clearly defined so that the risk is understood clearly and can be tackled. Secondly, consequence and probability of risks need to be rated (e.g. 1-5) and define each rating by their impact or likelihood. Finally, multiply the ratings of consequence and impact, rank the risks from highest severity to lowest severity. (Government office from the North West,2008). Every risks should be assigned to a risk owner which is responsible for managing the risk, a risk response to minimise both the likelihood and impact of the risk and a target completion date for the mitigation. Regular risk reviews need to be done because risks might emerge or become no longer relevant constantly. However, the impact

 analysing the risks to determine the level of risk, which is defined as the