Advanced Marine Risk Management Training

Many aspects of risk management within shipping are mandatory, such as Classification, ISM Code, Solas convention etc. .
Robust risk management helps deliver safe and efficient operation, fulfilling the requirements of the safety management and promoting industry best practice.
Understand the parts of a marine risk assessment
The first step to delivering a robust risk management approach is to understand the elements of marine risk assessments, and how to properly record and review them.
ISM-compliant risk assessments comprise the following:
Hazards (hazard scenarios, outcome categories)
Causes
Risk evaluation (consequence, frequency)
Controls (current, future)
Record and review of findings
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Apply the appropriate risk assessment methods
There are various methods of marine risk assessment, including:

Qualitative and quantitative risk assessments
‘Bow tie’ risk assessments
The PEAR model
Cost-benefit analysis
The FSA method

Properly evaluate and review the risks
Risk evaluation
There are several factors involved in risk evaluation, including:
Risk receptors
Criteria of receptors
Hazard consequence and frequency
Understanding these factors, and how they can be used in risk calculations, will support a quality evaluation ready for review.
Risk review
An effective risk review will be based on the ALARP principle. Guidance from The Health and Safety Executive and the ISM identifies that the Duty Holder is responsible for judging whether ALARP has been reached, which requires a clear understanding of the principle and its implications.