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The Safety Management System requires a structured Risk Management Process to be effective. In the technical fields where numerous potentially catastrophic risks exist, processes and procedures need to account not only for the hardware random failures but also of human errors. The technology has progressed to the point where the predominant safety risks are not so much the machine failures but that of the human interaction. Accidents are rarely the result of a single cause but of a number of latent contributing factors that when combined result in the accident. In the Aerospace industry, the operational risk to the fleet is assessed by the manufacturer and the operator independently and is used in safety and/or regulatory decision-making.