Step 3 - Risk Control Options RCOs

The next step aims to propose effective and practical Risk Control Options (RCOs). Focusing on areas of the risk profile needing control, several RCOs are developed and recorded in a Risk Control Measure Log (RCML). Upon identifying all possible RCOs from the estimated risks, the RCOs in the RCML are used to generate a Risk Control Option Log (RCOL). Hie information in the RCOL will be used in Step 4 of the FSA process. 

In general, RCO measures have a range of following attributes (MSA (1993))  

Those relating to the fundamental type of risk reduction (preventative or mitigating). 

Those relating to the type of action required and therefore to the costs of the action 

Those relating to the confidence that can be placed in the measure (active or passive, single or redundant). 

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Determine Risk Control Options (RCOs) - Considering the system/operation under study, determine several options that could address the risks estimated (associated with each task defined in Step 2). 

The final step is the decision-making phase, which aims at making decisions and giving recommendations for safety improvement. At this point, the various stakeholders interest in the vessel under study is considered. The cost and benefit applicable to each stakeholder have to be determined in order to decide the best risk control option - each RCO will have a different... 

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