This book discusses the realm of operational risk management, exploring the intricacies of managing safety, production, and quality simultaneously. It offers a fresh perspective on the dynamic and complex nature of risk, highlighting the ever-changing landscape that organizations must navigate. The reliance on current understandings of residual risk is daunting, particularly as systems of production are prone to degradation over time. This degradation leads to an increase in 'entropic risk', resulting in losses in daily production that, if left unchecked, could culminate in catastrophic consequences. Productive Safety Management, Second Edition utilizes practical experience to offer context and application to the concepts surrounding risk that are introduced. It explores the residual and entropic risks present in production systems before shifting focus to the same risks within organizational elements such as leadership, competencies, management systems, and resilience. The degradation of these factors can lead to a toxic enterprise culture. Traditional risk management methods have resulted in the creation of functional silos. This book advocates for a multidisciplinary approach, positioning it as essential reading for the Fourth Industrial Revolution. In this era, the ability to effectively manage risks and capitalize on opportunities will be crucial for operational success. This comprehensive title is designed for operational managers and supervisors, and risk-related professionals in engineering, OSH, environment, and quality management.