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Risk Matters Series: How Data Sharing Helps Industry Work Safer Together

If you knew there was a gas leak in your neighborhood and the lives of all the families who live near you were at risk, you would warn people right? When it comes to safety, surely you would want to share with your peers in industry as well. After all, you may be competitors in some ways when it comes to production but when it comes to safety, an incident effects everyone and prevention is in everyone’s best interest.

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Risk Matters Series: Exploring Risk Digitalization

Digitalization is a major trend in industry and everyone is seeking solutions to advance their company into industry 4.0. But what does this really mean? Learning from history and past major trends, finding solutions that add real, measurable value and have a meaningful impact is key. Otherwise, you risk drowning in initiatives that don’t support the core drivers of your business and losing your corporate focus along with the appetite for new ideas.

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Risk Matters Series: Prioritizing Your Risk Effort When Overloaded With Action Items

The cause of many incidents comes back to unresolved recommendations. Some of those risks are greater than others. Some may not require resolution at all. There could even be overlapping recommendations that address the same risk. With these possibilities top of mind, in some cases it can be very challenging to differentiate these recommendations.

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Risk Matters Series: Exploring Facility Insurance and Inspections

If your risk assessments are not performed well, if recommendations are not implemented using a risk-based approach, or if critical safeguards are not well understood or maintained, that could translate into higher premium costs. It has been said by many that strong process safety practices are excellent for business. Doing the right thing can not only help prevent incidents, it can demonstrate to insurers that your company is a good risk to insure.

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Risk Alive Analytics - Risk Matters Blog Series

Risk Matters: Exploring an Incident from an Industry Peer

One of your industry peers has just suffered a major incident at one of their sites; should you be worried? Not necessarily, but you should be vigilant. Is the event that happened in their facility something that could happen to you? If you’re in the same business the answer is likely yes, but the crux is how the risks are managed at your sites versus theirs. You may be exposed but the silver lining to a very sad and unfortunate event is that you have the opportunity to learn from the unsafe days of others, before it happens on your site.

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Risk Matters Weekly: The Hidden Risks in Facility Acquisitions

Do you know how much risk comes with your new acquistion? Whether you are just looking at acquiring a new asset or you’ve recently brought one on into your company it is important to quickly understand the risk that comes with operating the facility. Are all the relevant safety threats being well managed or is it a ticking time bomb ready to put your name at the top of everyone’s newsfeed with a major incident?

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16th Annual AIChE Spring Meeting Aug 17-21

GCPS 2020 Abstract: We must be safe right?: Effectively Crafting & Implementing PHA Recommendations

Recommendations are the heart and soul of a Process Hazards Analysis (PHA). PHAs are only as effective as the action taken to implement the recommendations made during the study.

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Minimizing Human Error In PHA Documentation

Even if a person was allotted reasonable time to review a PHA in its entirety, it is very unlikely that a person can catch all errors. If a PHA cannot be reviewed in its entirety after its completion, there will always be a chance that something critical can be missed.

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Argument in boardroom

THE HIGH COSTS OF INCONSISTENT PHAs: An Amine Unit Case Study

Process Hazards Analysis (PHA) studies including HAZOP, What-if?, HAZID, etc are subjective and this leads to multiple consistency challenges that have major safety and cost implications. Ensuring complete risk discovery which was featured in a past blog is important but equally important is consistency in the analysis of consequence severities and likelihoods

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