ELEMENTS OF RISK MANAGEMENT Part B: ELEMENTS OF RISK MANAGEMENT

Swinburne University of Technology Faculty of Engineering and Industrial Science Assignment 3: RSK80003 Risk Perception and Analysis [Type student name here] [Type course of study here] [Type submission date here] PART A: ELEMENTS OF RISK MANAGEMENT (a) Pro-active risk management refers to identifying threats and taking safety measures before the risks occur (Bender, 2004). Reactive risk management is a response based response which involves taking action after the risk occurs or a problem is identified after an audit, responding