The frequency and danger of an event comes from a full and comprehensive understanding of a system. Effective and accurate risk assessments should be obtained by learning about the system's operational modes. System performance must be observable and recognizable. Performance must also be continually monitored, so that a degrading system is detected quickly. How a system fails should also be understood as well as how to recognize a failure or degraded system performance.
Failures can arise from mechanical, human or environmental factors.
Risks can be reduced further with preventative or corrective action plans. Risk and Skydiving Events in skydiving can be assigned a risk value. The risk is based on a through knowledge of a parachute system. These techniques monitor system performance. A proper course of action needs to be taken to reduce risks in the event of a degraded or malfunctioned system.