IMO defines risk as ‘the combination of the frequency as well as the severity of your consequence’ (MSC Circ 1023/MEPC Circ 392). Below the frequency is ‘the amount of occurrences for every device time (e.g. a year)’ and consequence is ‘the end result of a mishap’.This process can be very subjective due to
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Strengths explain what an organization excels at and what separates it from the Level of competition: a strong brand name, loyal customer foundation, a robust stability sheet, distinctive know-how, and so forth.Generally a SWOT Analysis provides us a summarizing overview with the Strengths, Weaknesses, Opportunities and Threats of The actual market
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