Essay – Risk Management
READ THE FOLLOWING AND COMPLETE THE ESSAY AS REQUIRED.
THE FOLLOWING BOOK MUST BE USED AS A REFERENCE:
Popov, G., Lyon, B. K., & Hollcroft, B. (2016). Risk assessment: A practical guide to assessing operational risks. Hoboken, NJ: Wiley.
Hazard Analysis Techniques
Imagine you are the safety manager for a large company that manufactures cardboard products. The organization has been developing a risk management process over the past year, and has determined that Preliminary Hazard Analysis, Failure Modes and Effects Analysis, and Bow-Tie Analysis are the possible choices for the risk assessment technique to be used. You have been asked to provide your recommendation on which one of the three techniques should be adopted. Once completed and implemented, the new risk management process will be used to evaluate existing operations as well as proposed new processes.
Compose a document that explains the advantages and disadvantages of each of the three methods and recommends one for adoption. Include examples that support the discussion. You may make assumptions about the organization and its operations as needed, but be sure you state the assumptions. Be sure to use information from your textbook and other resources to defend your decision.
Your submission must be at least two pages in length, not counting title and reference pages, and no longer than three pages. References must include at least one article from the Waldorf Online Library that supports your decision. Be sure that you follow APA format throughout your essay.