Risk Management

 

Risk Management steps and a recommendation for No. 5 (Future endeavors). Include a Risk Analysis Matrix (example is Figure 9-2).

Use as References:

1. Risk-Based Transportation Asset Management

https://www.fhwa.dot.gov/asset/pubs/hif12035.pdf (Links to an external site.)

1. Transportation Risk Management:

International Practices for Program

Development and Project Delivery

https://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=3635 (Links to an external site.)

1. ISO Standard on Risk Management

https://risk-engineering.org/static/PDF/slides-ISO31000-risk-management.pdf (Links to an external site.)

Explain the 3 top risks to TCC and why there are prominent. Recommend what TCC can do to mitigate each of the Top 3 risks. Then provide a recommendation on what TCC should focus on after mitigating the risks (#5).

Use current news articles and reports on what global freight companies are doing to mitigate risks due to COVID-19. Research new technologies or techniques companies or the government are adopting to protect employees. Make sure to cite the sources, and include a Works Cited page.