The second component of an SMS, is Safety Risk Management. We’ve already seen the five major elements of SRM, let’s see how they work in detail.
The objective of an SMS is to provide a structured management system to enable us to make decisions on controlling risk in our operations.
Once hazards are identified and their related risks analyzed, an organization can focus its resources on eliminating or mitigating those hazards that pose the greatest risk.
This is what SRM helps us to do.