Risk-based decisions are dependent on accurate risk information. Key risk indicators are an operational risk management

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Risk-based decisions are dependent on accurate risk information.Key risk indicators are an operational risk management methodologythat generates risk information. The height of the swells can beregarded as risk information that could have been used to decidewhether to leave the harbour or not. You must explain the conceptof risk indicators as an operational risk management methodologyand provide a graph using the information in table 1 to illustratethe height of the swells on 27/28 September 1994. Clearly indicatethe threshold and state whether you agree with the captain’sdecision to sail at 19:15.