The Risk Management Process includes four key phases, namely of risk identification, risk evaluation, risk response planning, and risk monitoring and controlling.
According to Westney (2001), basically, risk management process involves four different phases such as Risk identification, Risk assessment, Risk analysis and Risk mitigation.
The general stages of risk assessment (i.e. risk identification, risk estimation and risk evaluation) are considered the starting point for the development of methods for risk assessment.
The problem of fraud, especially scientific fraud, is global and its identification risk is still in its infancy.
It is expected that VE research studies for safety education and training address the needs of this process by covering all its core three phases (risk identification, risk evaluation, risk response planning).
The HIRARC (Hazard Identification, Risk Assessment and Risk Control) guidelines provided by DOSH Department of Occupation Safety and Healthh, Malaysia) were employed in the risk analysis process.
Studies into VE for safety learning and training should address the need of this process, and in particular the three core phases of: risk identification, risk evaluation, and risk response planning.
The risk management methodologies refer to a standard process presenting the well-known steps: risk identification, risk evaluation and quantification, risk mitigation for treatment and/or impact minimization and risk monitoring (Marmier et al. 2013).
This framework includes elements for hazard identification, risk assessment, risk mitigation, verification of barrier performance and monitoring for any changes to the hazards that influence source water quality.
