Answer to Question #158337 in Management for hizbullahumer

Question

What do you know about term “Risk assessment”? Design a bow tie model of Sugar industry?

Answer 1

Risk assessment is the process through which one identifies and evaluates instances that could present a negative effect on the organization. The assessment process considers the influencing factors for a classification that then results in enhanced resolution. The bow tie model for the sugar industry is as follows. On the on hand, instances include overpressure, corrosion, and falling objects within the mill. On the other hand, consequences include fires, deaths, and explosions. The mitigation entails the creation of exit points and escape routes.