Risk management is an ongoing process of activities aimed at continuous improvement and focused on understanding the risk in order to preserve the organization’s assets and profitability, to prevent losses and to facilitate effective decision making with regard to risk control and risk transparency.
The effective risk management implies an adjusted scope and data processing, as well as clearly established competencies concerning risk management.
Risk management algorithm:
● Risk Assessment
Data aggregation to explore issues for assessing threat and risk levels.
● Multi-criteria analysis
IMRMA conducts multi-criteria analysis using unique risk rating
database (marinerating.com) specifically developed for marine risk
assessment containing comprehensive information on vessels and operators and based on a safety and security risk assessment IMRMA determines threats and
vulnerabilities.
● Risk Mitigation
IMRMA is aimed at minimization and elimination of risks and menace
thus identifies special risk mitigation measures.