Hai, All Please Give me more details in Risk Assessment of Chemical plant I hope i can get more help and information from you seniors Thanks and best Regards, Johnson
From India, Bharuch
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5From India, Bharuch
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Risk Assessment in Risk Management
Warm welcome to our CiteHR EHS forum. We will help you; it's our pleasure to assist our EHS members. We hope you participate actively in our forum.
RA: Risk Assessment
Risk assessment is a step in the risk management process. It involves measuring two quantities of the risk: the magnitude of the potential loss and the probability that the loss will occur.
Risk assessment may be the most important step in the risk management process and can also be the most difficult and prone to error. Once risks have been identified and assessed, the steps to properly deal with them become more programmatic.
Part of the difficulty of risk management lies in the fact that measuring both quantities of risk assessment can be very challenging. Uncertainty in the measurement is often significant in both cases. Additionally, risk management would be simpler if a single metric could encompass all the information in the measurement. However, since two quantities are being measured, this is not possible. A risk with a high potential loss and a low probability of occurring must be treated differently from one with a low potential loss but a high likelihood of occurring. In theory, both are of nearly equal priority to deal with first, but in practice, it can be very difficult to manage when faced with the scarcity of resources, especially time, in which to conduct the risk management process.
Please see the attached RA of the chemical plant. Wait for members' comments/inputs.
Keep on sharing and gaining.
Regards
From United States, Fpo
Acknowledge(0)Amend(0)
Warm welcome to our CiteHR EHS forum. We will help you; it's our pleasure to assist our EHS members. We hope you participate actively in our forum.
RA: Risk Assessment
Risk assessment is a step in the risk management process. It involves measuring two quantities of the risk: the magnitude of the potential loss and the probability that the loss will occur.
Risk assessment may be the most important step in the risk management process and can also be the most difficult and prone to error. Once risks have been identified and assessed, the steps to properly deal with them become more programmatic.
Part of the difficulty of risk management lies in the fact that measuring both quantities of risk assessment can be very challenging. Uncertainty in the measurement is often significant in both cases. Additionally, risk management would be simpler if a single metric could encompass all the information in the measurement. However, since two quantities are being measured, this is not possible. A risk with a high potential loss and a low probability of occurring must be treated differently from one with a low potential loss but a high likelihood of occurring. In theory, both are of nearly equal priority to deal with first, but in practice, it can be very difficult to manage when faced with the scarcity of resources, especially time, in which to conduct the risk management process.
Please see the attached RA of the chemical plant. Wait for members' comments/inputs.
Keep on sharing and gaining.
Regards
From United States, Fpo
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