Safety Risk Management in Complex Systems

Abstract

Risk management has been applied in a wide range of industries to ensure safety by using risk management tools and techniques. Many of those techniques were developed long ago to analyze individual system components. In complex systems, however, accidents emerge from system interactions. Hence, traditional risk management tools and techniques have become inadequate to analyze risks in complex systems. The Functional Resonance Analysis Method (FRAM) was recently developed to address the limitations of traditional risk management methods. This study provides an example of the use of FRAM to demonstrate its use and to highlight its potential value in safety risk management.