Consider the different aspects of risk and discuss how these different situations will affect the different aspects of risk (increase/decrease/no change) and whether any changes will be small or large.
Different aspects of risk are considered. In a shipping company, the following situations arise: New regulations are introduced that imply stricter requirements to life-saving equipment on ships (e.g. lifeboats, liferafts, survival suits). This applies to all new ships that are being built. The company has recently received two new-built ships and put these into operation. … Read more