Considering the Ocean Gate Titan project, use the risk identified below to:

$1-$ perform a qualitative risk assessment and quantitative risk assessment;

$2-$ write a monitoring and control framework for those risks;

$3-$ Develop KPIs for tracking project progress and risk status;

$4-$ Implement regular risk review meetings to update the risk register.

Risks identification:

Pressure$-$related failures: The submersible operates at extreme depths where pressure is significantly higher than at the surface. Any structural weakness or malfunction could result in catastrophic failure due to pressure$-$related issues such as implosion.

Equipment malfunction: The various systems onboard the submersible, such as life support, navigation, communication, and propulsion systems, are critical for safe operation. Malfunctions in any of these systems could jeopardize the safety of the crew.

Human error: Despite extensive training, human error can still occur during the operation of the submersible. Mistakes in navigation, communication, or decision$-$making could lead to accidents or dangerous situations.

Life support failure: The submersible must maintain adequate life support systems to sustain the crew during extended missions. Failures in oxygen generation, CO$2$ scrubbing, or temperature regulation could pose serious risks to the crew's health and safety.

Environmental hazards: Deep$-$sea environments can be unpredictable and hazardous. Encounters with extreme temperatures, high currents, underwater geological formations, or marine life could pose threats to the submersible and its crew.

Communication loss: Communication with the surface support team is crucial for coordinating operations, monitoring safety, and requesting assistance if needed. Loss of communication could isolate the submersible and hinder response to emergencies.

Entanglement: The submersible operates in environments where underwater cables, debris, or marine life could pose entanglement hazards. Getting entangled could restrict mobility or damage critical systems, putting the crew at risk.

Power failure: The submersible relies on electrical power for its operation. Power failures due to equipment malfunction, battery depletion, or external factors could impair essential systems and compromise safety.

Financial and Economic Risks: Cost overruns or budget constraints affecting the feasibility of ongoing operations and future missions. Fluctuations in funding sources, investment markets, or revenue streams impacting long$-$term sustainability.

Health and Safety Risks: Exposure to high levels of pressure, extreme temperatures, or toxic substances in the underwater environment. Medical emergencies or injuries requiring immediate attention and evacuation procedures.

Security Concerns: Risks related to piracy, terrorism, or geopolitical tensions in regions where deep$-$sea exploration is conducted. Unauthorized access or sabotage of equipment or facilities by third parties.

Regulatory and Compliance Risks: Failure to comply with maritime regulations or environmental protection laws governing deep$-$sea exploration activities. Legal challenges or disputes related to permits, licenses, or intellectual property rights.

Natural Disasters and Geological Events: Earthquakes, volcanic eruptions, or other natural disasters that could trigger tsunamis or underwater disturbances. Submarine collisions or entanglement with underwater debris or geological formations.

Collision Risks: Submersibles must navigate through potentially crowded environments, including underwater terrain, marine life, and other vessels. Collisions with obstacles or other objects can cause damage to the submersible and pose risks to its occupants.

Contaminants and pollutants: Pollution in underwater environments can pose risks to both the crew and the equipment, potentially leading to health issues or equipment damage.

Rescue and recovery difficulties: In the event of an emergency, rescuing the crew from a submerged submersible presents significant logistical challenges, including the need for specialized equipment and personnel trained in underwater rescue operations.

Unknown risks: Despite thorough planning and preparation, there may be unforeseen risks associated with deep$-$sea exploration. These unknown risks highlight the importance of careful risk assessment, contingency planning, and ongoing monitoring during submersible missions.