Risk Management in Engineering Activities: A Case Study of Tianjin Port Explosion

RISK MANAGEMENT
Risk Management
Name of the Student
Name of the University
Author’s note

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Table of Contents
1. Introduction............................................................................................................................1
2. The key issues which have a significant impact on risks associated with engineering
activities including safety and environmental management systems.........................................1
3. The risk management tools to propose and to analyze realistic risk scenarios and develop
risk management strategies........................................................................................................3
4. Analysis of the usefulness, applicability and limitations of risk assessment as a decision-
making tool.................................................................................................................................4
5. Analysis of risk perception and risk communication and effective development of risk
communication plans and skills.................................................................................................7
6. Conclusion............................................................................................................................11
7. References............................................................................................................................12

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1. Introduction
The major risks associated with the with the massive explosion occurred in Tianjin
port in China have been showcased in the report. The report further progresses on explaining
the risk management in details, effective risk communication plan will be highlighted in the
report as well. The mitigation plan will also be explained along with the risks. The topic will
explain the various risk analysis methodologies. Tianjin port has decided to conduct the
business activities once again after recovering from the explosion, and this report will discuss
the plan on how they should conduct the business from now onwards.Various research
methods will be detailed in the report.
2. The key issues which have a significant impact on risks associated with engineering
activities including safety and environmental management systems
The explosions are generally responsible to cause the environmental, financial, legal
and HR issues, all these issues make significant impacts on the risks correlated with the
engineering activities.
Financial
Nearly two hundred people died as a result of the massive explosion caused at the
Tianjin port. Also, numerous people got injured as a result of the explosion. The explosion in
China was destructive. The explosion destroyed many organisations, buildings as well as the
infrastructure. The cars parked in the region got demolished completely. The shops got
demolished due to the explosion (McNeil, Frey & Embrechts, 2015). The shockwaves
generated as a result of the earthquakes affected the regions located nearby, thus the
residential houses and the shops got completely destroyed as a result of this. The owners of
the shops faced heavy losses due to this. China faced a loss of property accounting to $2.5 to
$3.5 billion.

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Environmental
The environmental issues can affect the environment adversely. Tianjin port City had
various storage containers for keep hold of the chemicals such as calcium carbide and other
harmful poisonous gases like the carbon monoxide as well as the acetylene (Lam, 2014). All
these gases can cause harm to anybody, can damage the ecological balance of nature. The
trees, plants are the subject of destruction to nature. The trees, the plants nearby gets severely
affected. The emission of harmful as well as the poisonous gases pollute the surroundings and
degrade the environmental condition. The toxic poisonous gases make it difficult for the
people to breathe fresh air properly (Chance & Brooks, 2015). In this, the environmental
issues make a huge impact on the risks.
Legal
The safety standards sometimes are not checked appropriately and often gets
neglected. Sometimes it does not get checked whether the packaging has been done
accordingly or not. It is also ignored that the organsautional standards have been properly met
or not (Hopkin, 2017). The lack of proper monitoring leads to all kinds of threats and
vulnerabilities. The lack of proper maintenance or proper management leads to an explosion.
Similarly for the case of the Tianjin Dongjiang Port, the safety measures were not taken and
for this reason, the legal issues got erupted. The explosion at Tianjin port went viral on the
social media websites and the Government was forced to take the legal actions to mitigate the
issue raised as a result of legal issues.
Human resource issues
The human resources play an important role to carry out the business activities of a
particular organization. The productivity helps the organisations to gain profit. However, the