Risk Assessment and Risk Management Essay Example | Topics and Well Written Essays - 1500 words

Risk Assessment and Risk Management - Essay manikinThe essay Risk Assessment and Risk Management talks about the knowledge bases in jeopardy sound judgement and risk management and the consensus-based model of risk sound judgment. The knowledge base is the foundation of any professing this refers to a body of specialist knowledge, which acts as the base of superior practice. Therefore, it has become increasingly essential for individuals and organizations to picture underpinning knowledge base while undertaking any task within human services, aimed at achieving sea captain status. In the development of a framework for risk assessment and risk management, three interweaving features of knowledge bases ar needed theoretical knowledge, practical or individualised knowledge, and genuine knowledge. The theoretical knowledge base includes the existent literature that analysis risk incidents, situations, or events, literature that analysis our role and tasks in risk assessment and risk management, and literature that offers guidance on the practical approaches to be followed in assessing and managing risks. Practical or personal knowledge base refers to the practical skills or knowledge that is acquired at workplace related to risk assessment and risk management. These practical skills may be acquired through training, or through learning from experience, which leads to new knowledge. Finally, factual knowledge refers to the professional standards, rules, regulations, and ethical values developed in the past to provide guidance during professional practice.