Refine Your Search

Search Results

Technical Paper

Managing Risk Reduction using a Relative Risk Prioritization Tool

2007-09-17
2007-01-3871
The Safety Management System (SMS) provides an environment where undesired events (proactively or reactively identified) are evaluated for the effect on safety using Risk Analysis. When the risk is evaluated, an interim risk reduction (mitigating action) may be applied to reduce the risk to a level that allows operations for a longer period before the safety issue is fully resolved. The risk assessment provides a means of evaluating the risk level and it may be difficult to quantify the “benefit” of interim mitigations that will reduce the risk. Prioritization of issues in the same risk category of the Risk Matrix is often simplified to a schedule and logistics basis of the final corrective action and often does not adequately show the benefit of the interim mitigating actions taken.
X