ABSTRACT

Every safety professional should be familiar with the risk management process. After all, managing risks is one of our primary functions as safety professionals. Risk management can be dened as the identication, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events, or to maximize the realization of opportunities. Risks can come from liabilities, credit risk, accidents, natural causes, and disasters, as well as deliberate attacks from an adversary.1