Mastering Maritime Risk Management

Delivered over four days, the Mastering Maritime Risk Management Course delves into the fundamentals of why risk management is crucial, explaining key terminology and the relationship between hazards, risks, and consequences. The course covers the requirements for risk management at various levels and encorporates industry standards like ISO 31000:2018, and specific assessments for companies and shipboard operations.

The course details the entire risk management process, from identifying job contexts and hazards to analysing, assessing, controlling, and monitoring risks using various tools and techniques. Additionally, it focuses on implementing a risk management framework, particularly in the maritime industry, and integrating risk management into change management processes. This holistic approach ensures participants gain a thorough understanding and practical application of risk management principles.

Course overview

The course is divided into four modules, and covers the following in each module:

Module Content
Module 01 - The basics and terminology

 
  • Why Risk Management?
  • Basic Terminology
  • Understanding Risk = Likelihood X Consequence
  • Risk Perception
  • Understanding Interrelations: Hazard - Risk - Consequences
Module 02 - Requirements in the industry
  • ISM “Risk Assessment” Requirements
  • Risk Management Levels
  • Industry Level
    • International Rules & Regulations
    • Flag State Requirements
    • Code of Safe Working Practices
    • SIRE 2.0
    • DBMS
    • ISO 31000:2018
  • Company specific – Generic Risk Assessment
  • Shipboard specific Risk Assessment
  • Toolbox Meetings / Last Minute Risk Analysis (LMRA)
  • Personal Risk Assessment
Module 03 - Risk management process
  • Risk Management Process - Step 1 - Determine Job Context/Steps
  • Risk Management Process - Step 2 - Identify Hazards
    • Overview about hazard analysis tools
    • Structured What If Technique - SWIFT Analysis
  • Risk Management Process - Step 3 - Analyse Risks
    • Qualitative & Quantitative Risk Assessment
    • Overview about risk analysis tools
    • Qualitative Analysis: Barrier Analysis (Bowtie)
    • Quantitative Analysis: Risk Matrix
  • Risk Management Process - Step 4 - Assess Risks
    • Risk Tolerance Bands
    • ALARP (As Low As Reasonably Practical)
  • Risk Management Process - Step 5 - Control and Treat Risks
    • Integration of Tools
    • Hierarchy of Controls
  • Risk Management Process - Step 6 - Monitor, Review and Communicate
Module 04 - Framework and implementation strategy
  • Framework of Risk Management as per ISO 31000:2018 and its application in the Maritime Industry
  • Risk Management Concept for a Maritime Company
    • Decision about best practice tools & methodologies
    • How to develop risk criteria ?
  • Risk Management as integral part of “Management of Change”
Aims and objectives

The course aims to: 

  • Understanding the Methodology & Terminology of Maritime Risk Management
  • Becoming familiar with the requirements & levels of Risk Management in the Maritime Industry
  • Introduction to the principles & framework of maritime Risk Management in line with ISO 31000:2018
  • Practicing the Risk Management Process, becoming familiar & understanding pros & cons of the different tools & techniques for Risk Management
  • Receiving guidance and sharing experience in implementation of Risk Management in a maritime company
  • Presentation of AI tools for Risk Management Process
Who should attend?
The course is designed for members of the maritime community, specifically those in shore-based management roles and managers/leaders serving on-board vessels. 
Duration

Online:

  • Four-day online course via zoom. Four hours per day.

Face-to-face:

  • Two-day classroom course. Eight hours per day.