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This presentation highlights the practical application of risk management within a safety management system, contributed by Captain Robert Sumwalt, a retired U.S. Airways captain and former NTSB vice chair. It emphasizes that risk management is integral to daily business operations rather than an additional task. The discussion underscores the necessity of understanding systems, operations, and the operational environment to effectively identify potential hazards, including system issues, operational challenges, and environmental conditions. Additionally, it draws on insights from the FAA's system safety handbook regarding the importance of risk management for maintaining operational safety.