This report delves into the critical aspects of risk management within the field of engineering, focusing on identifying, evaluating, and prioritizing potential risks to minimize the likelihood and impact of failures. The report emphasizes the importance of risk management in preventing project failures and ensuring successful outcomes. It begins by defining risk management and its objectives, then proceeds to analyze four significant engineering failures, including the Granville train disaster and the River Dee bridge collapse, categorized by size and impact. Each case study provides a detailed background, identifies inherent risks, and outlines a causal chain of events leading to the failure. Furthermore, the report formulates risk management strategies for each case, considering factors like injury rates, damages, and costs. Lessons learned from these failures are highlighted, emphasizing the need for robust designs, regular inspections, and professional engineering reviews to prevent future incidents. The report aims to familiarize readers with past work processes, establish common failure modes, and evolve engineering practices for improved safety and reliability.
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