Risk Assessment and Management

Risk Assessment and Management

Risk Management, as all aspects of an Enterprise may be divided into the three main components:

People (Human and Organizaitonal aspects of the Enterprise)
Facilities (Physical process equipment, buildings, etc.), and
Systems (Control & Information Systems from regulatory control devices to Corporate IT)

PERA also divides Enterprises by Industry. 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

PEOPLE

Disaster Planning and Recovery.
HACCP (Hazard Analysis, Critical Control Point). Used in Food and Beverage Industries to control risk of consumers receiving dangerous products.
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 Services: Risk Group is a leading provider of Risk Management, Training, Consulting and Advisory services

FACILITIES

HAZOP (HAZard and OPerability Study). Used in chemical, petrochemical and other large scale continuous process industries to systematically evaluate and mitigate risk.
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.
40 CFR Part 68 EPARMP provides a systematic method for the analysis of risks associated with potential equipment and piping failures.
ISO Risk Management vocabulary document is ISO 73:2009
ISO Risk Management Standard are ISO 31000 and ISO/IEC 31010

SYSTEMS

Cybersecurity Classification System for Industrial Control Systems - ANSSI
Risk Management Software (all Industries)
Cyber Security Risk Management Specification is ISO/IEC 27005

SUPPLY CHAIN

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.
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.
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

GENERAL (Applies to many industries and/or People, Facilities and Systems)

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.
ISO 14000 defines the environmental risk mitigation required for all operating facilities.
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.
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

Back to PERA Home Page