Risk management is one of the 4 pillars of a safety management system: Policy, Risk Management, Assurance and Promotion. Practical risk management is about realizing that tragic mishaps lay in our future, unless the multiple hazards that combine to create risk are identified and controlled. The risk management process is the "engine" that drives a generative safety management system (FAA 2008). As part of this system, hazards are proactively identified...
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Transportation