One of the problems with qualitative risk assessment is that perceptions of risk levels vary widely among people, depending on their individual background and experience. Reflecting on your current position or overall work experience, discuss a time in which you and a coworker or other individuals differed in opinion on risk evaluation criteria in a hazardous situation. How could you change their perception of risk? the response, should also identify the core requirements of operational risk management systems and explain the advantages and disadvantages of common hazard analysis techniques.

Also discuss how individual perception of risk contributes to risk-taking behavior.