1. Risk Assessment: - Conducting a comprehensive risk assessment to identify potential hazards. - Evaluating the likelihood and impact of identified risks.
2. Risk Prioritization: - Prioritizing risks based on their potential impact on safety, environment, and economy.
3. Mitigation Strategies: - Developing and implementing specific strategies to address prioritized risks.
4. Monitoring and Review: - Continuously monitoring the effectiveness of risk mitigation strategies. - Regularly reviewing and updating the risk mitigation plan based on new insights and data.
