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Illustrate the value would the production of hazard indices bring to the Risk Manager?
Write a short note on the disadvantages of the fault trees?
Write a short note on the advantages of the fault trees?
Briefly describe the reason which value would the fault tree use in bringing to a Risk Manager?
What do you mean by the term fault tree? Briefly describe it.
Write a short note on the disadvantages of the HAZOP study?
Write a short note on the advantages of the HAZOP study?
Briefly describe the meaning of such commonly employed guide words: a) No or notb) More/Lessc) As well asd) Part ofe) Reversef) Other than
Briefly illustrate what does HAZOP signifies for? Also state with what four questions is the HAZOP study mainly concerned?
Write a short note on the disadvantages of the flowchart?
Briefly list out the advantages of the flowchart?
What do you mean by the term flowchart? Briefly describe it.
In what manner does the use of an organizational chart as risk identification tool be different from the use of checklists and the physical inspections?
Write a short note on the disadvantages of the checklists?
Write a short note on the advantages of the checklists?
Write a short note on the disadvantages of the physical inspection?
Write a short note on the advantages of a physical inspection?
Briefly illustrate the preparatory steps which should be taken prior to embarking on the physical inspection?
Briefly list out seven important characteristics or features of risk identification?
What are the two factors which can impact on the choice shift?
Briefly describe the four main regions that contribute to the risky shift phenomenon?
What factors might limit the choice of alternatives in the decision making?
List out the two ways in which the problems might be inadequately defined.
Briefly list out all the three phases of the decision making process.
Describe in brief the value of measuring or evaluating attitudes towards risk.