Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The outcome of safety greatly depends on the proper assessment of analyzed risks and their potential impacts and their significance to strategic objectives. This means

The outcome of safety greatly depends on the proper assessment of analyzed risks and their potential impacts and their significance to strategic objectives. This means that any risk or undesired events must be foreseen, properly managed, and effectively recovered if they occur(Muecklich et al., 2023). However, the more complex the system, the more challenging it is to forecast and mitigate potential risks. With safety in mind, another important thing to consider is the 'reluctance to simplify' which refers to the understanding that the complexity of operations is intrinsic to function and cannot be easily simplified without comprising safety, reliability, or effectiveness. What are the benefits of these statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Financial Management Concise

Authors: Eugene F. Brigham, Joel F. Houston

4th Edition

0324258720, 9780324258721

More Books

Students also viewed these General Management questions