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Questions and Answers
According to the ISM Code, risk management should be seen as a provision that underlies and supports the entire Code. Which of the following is NOT a requirement for risk management?
According to the ISM Code, risk management should be seen as a provision that underlies and supports the entire Code. Which of the following is NOT a requirement for risk management?
Which of the following is NOT a recommended practice for risk management according to the text?
Which of the following is NOT a recommended practice for risk management according to the text?
What is the purpose of risk identification according to the text?
What is the purpose of risk identification according to the text?
What should be done with records of the risk assessments carried out according to the text?
What should be done with records of the risk assessments carried out according to the text?
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What should be provided to individual members of staff involved in the risk management process?
What should be provided to individual members of staff involved in the risk management process?
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Study Notes
Risk Identification Guidance (RIG) for Risk Management in the ISM Code
- The ISM Code includes a requirement for risk management that supports the entire Code.
- Risk management involves a systematic review of operations, identifying potential issues, and implementing controls and safeguards.
- The company should document policies and procedures for risk management, define responsibilities and authorities, and provide training and guidance.
- Risk assessments should be carried out and records maintained.
- The company must ensure that all related risks have been identified.
- Risk management is an integral part of the Safety Management System.
- The objective of risk management is to prevent accidents, injuries, and damage to the environment.
- Risk management helps the company comply with legal and regulatory requirements.
- Risk assessments should consider the likelihood and consequences of potential risks.
- Risk management should be proactive and ongoing, not just reactive to incidents.
- Risk management should be integrated into the company's decision-making processes.
- Risk management helps improve safety performance and reduce operational disruptions.
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Description
Test your knowledge on risk identification and management with this quiz. Learn about the importance of identifying potential risks, conducting systematic reviews, and implementing effective risk management strategies.
