Section 271.103 - Risk-based hazard management program(a)General.(1) An RRP shall include an integrated, system-wide, and ongoing risk-based HMP that proactively identifies hazards and mitigates the risks resulting from those hazards.(2) A risk-based HMP shall be fully implemented (i.e., activities initiated) within 36 months after FRA approves a railroad's RRP plan pursuant to § 271.301(d) .(b)Risk-based hazard analysis. As part of its risk-based HMP, a railroad shall conduct a risk-based hazard analysis that addresses, at a minimum, the following aspects of a railroad's system: Infrastructure; equipment; employee levels and work schedules; operating rules and practices; management structure; employee training; and other areas impacting railroad safety that are not covered by railroad safety laws or regulations or other Federal laws or regulations. A railroad shall make the results of its risk-based hazard analysis available to FRA upon request. At a minimum, a risk-based hazard analysis shall:(1) Identify hazards by analyzing:(i) Aspects of the railroad's system, including any operational changes, system extensions, or system modifications; and(ii) Accidents/incidents, injuries, fatalities, and other known indicators of hazards;(2) Calculate risk by determining and analyzing the likelihood and severity of potential events associated with identified risk-based hazards; and(3) Compare and prioritize the identified risks for mitigation purposes.(c)Mitigation strategies.(1) As part of its risk-based HMP, a railroad shall design and implement mitigation strategies that improve safety by: (i) Mitigating or eliminating aspects of a railroad's system that increase risks identified in the risk-based hazard analysis; and(ii) Enhancing aspects of a railroad's system that decrease risks identified in the risk-based hazard analysis.(2) A railroad may use pilot projects, including pilot projects conducted by other railroads, to determine whether quantitative data suggests that a particular mitigation strategy has potential to succeed on a full-scale basis.