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Within the context of this company, it is used to measure the developmental risk of the supplied product, provide a risk response plan and facilitate coordination between design engineers and purchasing professionals.
For example, in the case of fire safety, a detailed risk response plan would be required to consider the potential catastrophic impact on workers, the public and property.
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Our goal is to organize risk information related to IT activities providing support for decision making thus turning risk response planning simpler, faster, and more accurate.
Risk response planning which is a critical phase in the risk management process is the least explored phase.
The results from the risk evaluation are then used to develop adequate measures at the risk response planning.
The Risk Management Process includes four key phases, namely of risk identification, risk evaluation, risk response planning, and risk monitoring and controlling.
Risk response planning – needs to be in place for contacting the emergency services, warning the relevant people, and minimizing the damage once an event has occurred.
However, as these identified risks require treatment in the subsequent risk management phases, researchers were instigated to address such phases including risk evaluation, risk response planning, and risk controlling in future VE studies.
The results show that the existing VE research for safety learning and training has strongly focused on the risk identification phase while the phases of risk evaluation, risk response planning, and risk monitoring and control received less attention.
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.
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).
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