Page 23 - RISK Management IC86 Ebook

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l Eliminating the possibility of its occurrence - avoiding
the risk, e.g. using non-flammable liquid in place of an
inflammable liquid.

l Reducing the probability of its occurrence - improving
the risk, e.g. clearing waste at more frequent intervals.

b) DURING EVENT : These are concerned with containing the
effects of any damaging or harmful incident i.e.
l Detecting the occurrence and raising an alarm;
l Using the appropriate risk/loss protection mechanisms
(e.g., use of proper fire-fighting systems like hydrant or
foam extinguishing systems).

c) POST OR FOLLOWING EVENT- These are concerned with
limiting effects of loss by:
l Minimising the extent of loss:
l Maximising the salvage;

Pre-loss objectives

a) Achieving economy of operations
b) Keeping severity/impact of risk at tolerable level
c) Compliance with statutes
d) Humanitarian behaviour

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