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Risk Management

          standards of maintenance and housekeeping, which can
          only be established by spot inspections . The only
          weakness of the checklist is that it draws attention only
          to the perils that is listed in the schedule.

(d) Safety Audit - It is a system that brings together the
          various techniques relating to both the perception of risk
          and the identification of operative causes and perils.

          An audit may be undertaken either internally or by external
          consultants. In any case a team is required to be assembled
          under a coordinator to provide the range of skills and
          expertise required. First, the management defines the exact
          terms of reference for the audit team.

          The members of the audit team are then chosen to provide
          the technical skills required to carry the study.
          Responsibility for the different parts of the study, e.g,
          fire and explosion are then assigned to the members of
          the team.

          The first stage of an audit is to acquire a thorough
          knowledge of (i) the organization, its activities and so
          on. (ii) all regulations relating to the safety of its operations

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