Risk Management
Every Program Requires Elements of Risk Management
One of the largest and highest value is process hazard analysis.
A Process Hazard Analysis (PHAs) are essential for process facilities to identify risks and manage controls.
Techniques for PHAs include HAZard and Operability studies (HAZOPs), What-if studies, Layer of Protection Analysis (LOPA) studies, Failure Mode Effect Analysis (FMEA) and preliminary hazard analysis.
If you have processing, you should be performing some form of PHA study and should have some system to manage process safety risks through a Process Safety Management system. PSM has been recommended by the Center for Process Safety (CCPS) since 1985 and the American Petroleum Institute recommended it since 1990. OSHA 29CFR1910.119 has regulated PSM since 1992. Canada has developed a CAN CSA Z-767 process safety management, requires process hazard analysis studies.
Task or Job Hazard/ Risk Assessments
Peak has been involved in developing or reviewing hazard assessments for a number of companies.
Tasks known to be high risk often involves a critical task analysis.
Peak has facilitated a number of interesting high risk critical task analysis.
Residual Risk and Emergency Response
To steer your emergency response program, you must first be aware of what risks you may be exposed to. This is called a Residual Risk Assessment. This identifies worst case and probable worst case scenarios for your company.
Once the magnitude of the risk is apparent, controls are identified and assessed and planning and validation for the emergency response activities are completed.
Security
To identify and direct your security program, security risks must be identified including understanding of assets, assessing threats, criticality, and vulnerabilities. With the understanding of risk planning, risk mitigation can be a logical and sequential process.
Environmental
To identify what environmental risks you present, you need activities, products, and services – from this we can evaluate environmental aspects and potential impacts. This assessment provides the direction for what environmental controls need to be in place and then assessing their effectiveness.