Safety vs. Risk Management: Finding the Right Balance in High-Risk Industries (Part 2 of 5)
When discussing safety in high-risk industries, it is easy to see why many would consider it the obvious priority.
A safety-first culture is essential for protecting lives and maintaining compliance with safety regulations.
In aviation, for instance, the safety of passengers and crew from takeoff to landing is of utmost importance, with rigorous protocols in place to minimise risks.
However, some argue that safety should not stand alone but be integrated into a broader risk management strategy.
By focusing on risk management, organisations can adopt a holistic approach that considers safety alongside other critical risks.
This approach can lead to more effective resource allocation, improved decision-making, and ultimately a safer work environment.
Boards of directors play a vital role in setting the tone for how these priorities are managed.
They must decide whether safety should stand as an independent priority or be embedded within a comprehensive risk management framework that addresses all potential risks.
In Part 3, we will be discussing the crucial role of the board in aligning safety with risk management.
What are your thought and views? Comments below please…….
Richard Nanton FRAeS FIoL
Nanton Aviation Consulting (NAC) Ltd.
Nanton Aviation Consulting (NAC) Ltd.
In collaboration with and strategic partner of The Sixsess Consultancy
Barry Eustance CMgr MCMI
https://sixsess.org/
Tel:023 8212 1891 (UK)
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