Blog

Risk Matters Series: The Risk Assessment of the Future: Data-Driven PHA

While we’ve made a lot of technological advancements, many processes – especially in the world of Process Safety Management (PSM) – are still the same. Process Hazards Analysis (PHA) and HAZOP studies are one of those processes that is on the verge of turning a major corner, and some companies already have thanks to Risk Alive Analytics.

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Risk Matters Series: Improving Training & Safety

When a new employee starts work in your plant at 7:00AM on a Monday, what would you want them to know before their coffee break? Beginning their day by outlining the biggest human initiated process risks and most important human-dependent safeguards might be a good start.

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Risk Matters Series: The Power of Preventative Maintenance

Did you know there are millions of pieces of equipment in any process facility? Sometimes there are tens of millions or more. For the asset integrity and maintenance professionals who are tasked with keeping everything running smoothly, it’s a mammoth job and while perfection may be attainable, it’s far from simple to achieve.

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Risk Alive Continuing to Thrive Through Strategic Diversification

Kevin Green of CTV News says, "The company is one of the few not just surviving- but thriving - through the double-whammy of a pandemic and oil price collapse."

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Risk Matters Series: Retaining Risk Knowledge During Employee Changes

Managing employee retention can help alleviate the pain of knowledge leakage but it’s only a stopgap measure if systems are not in place to sustain corporate knowledge over the long term. You may have hired some of the best risk experts in the world and they may stay with you throughout their whole career, but the fact is, they will retire and leave your team one way or another at some point in the future.

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Risk Matters Series: How Risk Discovery Can Improve Your PHA Process

When you finish a risk assessment like a Process Hazards Analysis (PHA), how do you measure your success? Did you get hot lunches or was it the dreaded corporate sandwich plate? Obviously, the meals provided aren’t the best measure, so what is? How good you feel about the work? How many scenarios you created? If you finished early or on time?

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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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