Risk management measures vary widely by industry, and are often driven by regulations and standards that are specific to only a narrow segment of applications. Risk management systems for all industries are presented here together, so they may be compared, but these are also referenced from specific industry displays.

Risk Assessment & Management Standards and Resources

• HAZOP (HAZard and OPerability Study). Used in chemical, petrochemical and other large scale continuous process industries to systematically evaluate and mitigate risk.
• HACCP (Hazard Analysis, Critical Control Point). Used in Food and Beverage Industries to control risk of consumers receiving dangerous products.
• Material Safety Data Sheets describing the hazards associated with a large number of chemicals, provided by 3E Company.
• MSDS Solutions (now 3E company) offers and online database, software and services for managing and distributing Material Safety Data Sheets
• ISO 14000 defines the environmental risk mitigation required for all operating facilities.
• US Coast Guard Standards are used to assess and mitigate Offshore Platform Hazards (link to follow later).
• 40CFR Part 63 Outlines key Emissions Standards established by the US Government which will require many refining and petrochemical facilities to reassess their flare systems. Pay special attention to National Emission Standards for Hazardous Air Pollutants for Source Categories.
• Disaster Planning and Recovery.
• OSHA (1910.119) Hazardous Process Safety Standard provides useful guidelines. Appendix C also suggests some (non-compulsory) practices.
• 40 CFR Part 68 EPARMP provides a systematic method for the analysis of risks associated with potential equipment and piping failures.
• Risk Management Software (all Industries)
• Risk Management Services: Risk Group is a leading provider of Risk Management, Training, Consulting and Advisory services

In most cases, the first step in risk management involves finding all applicable standards for that particular industry and geographic (political) jurisdiction. If these standards are met, at least the legal requirements have been addressed.

by Gary Rathwell © reserved

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