Risk Intelligence and Risk Assessments

Written by Risk Alive

October 9, 2018

The Safety business is so under served. For instance, compare Taxis now served better with Uber, or Hotels now served better with Airbnb. Can our Process Safety, be better served with everyone’s learnings from many facilities to help a single facility be safer? Can we provide better tools, more advanced technology to better serve every facility operating with hazardous operations and potentially harmful to people, and the environment? Consider if something was missed or not completely understood around “what could go wrong”? What has gone wrong in the past? Not only in a single facility but many facilities. But if we fail to serve the safety business with more advanced thinking and tools it’s all for not. Every PHA (qualitative risk assessment) should matter, every thought evoked in a PHA should matter, every threat, impact, and event and safeguard should matter.

A new service called RISKALIVE® (www.riskalive.com) using data analytics is transforming the conventional thinking on PHA and HAZOP methodology. The HAZOP methodology was developed in 1960’s and has fundamentally remained unchanged. A node by node review using guidewords and deviations in a room of multi-disciplinary people is still the standard approach after more than fifty years. Now, with the use of analytics, engineers and operators will be able to leverage the mass knowledge of industry to pre-populate HAZOP worksheets, review the applicability to their design and be confident that it is comprehensive and complete. Imagine if the HAZOP could transform itself into a living cloud-based database that is evergreen and is updated throughout the lifecycle of a facility using the MOC process. This enables operations field personnel and leadership a real time view of the operational risk that can be used daily for routine and non-routine work. The analytics become a fundamental element of risk-based decision making helping to weed out opinions and bias of the individual.

In addition, RISKALIVE® is planning to help users address questions like “how much money will it cost to reduce the risk?” and “which recommendations provide the most risk reduction within our existing budget?”

Digital Transformation of Safety Information

Companies not acting to analyze their safety & risk data will be left behind those embracing the age of digital transformation. Those left behind will become less cost efficient and unable to reduce business interruptions and unsafe days against their competitors. However those following the trend of analyzing risk data (PHA’s, HAZOP’s, …) will soon be in a position to predict unsafe days. It’s the predictive part that’s really, interesting. Before hard to grasp. Now its within reach. Consider a facility with a burner tube failure which results in loss of an asset and days of lost production. Going forward that site will likely always consider those experienced and real threats and impacts around all burners for the remaining life of plant. While other sites may not appreciate nor diligently apply this learning yet, because they haven’t experience it yet. That’s where analytics kicks in and adds tremendous value. It helps users of a single site consider many sites. They simply don’t wait till incidents happen, they leverage the Risk Intelligence of others through analytics, now a Risk Alive service.

The Secret Sauce

OpenPHA® is the secret sauce that results in a large repository of learnings from many industries. This is like big data for the Process Safety industry. The brilliance of “OpenPHA®” is simple. “Open” is the willingness to share and allow raw PHA and Risk files to be conditioned and the results aggregated into a single data base. A new service called “RISKALIVE®” engages the OpenPHA® concept and aggregates 1000s of PHA days on 1000s of process units on 1000s on pieces of equipment. OpenPHA® plays an important part aggregating the results of all the threats, impacts, and hazardous events can be shared to help each facility be safer in a very secure way. Right down to a process unit or piece of equipment. The only thing users have to do is submit a risk data set. The Risk Alive service makes use of the “OpenPHA®” concept. Once raw PHA files are submitted they are conditioned and aggregated. Owners can then see their aggregated results and where those results came from, and why they look the same or different from others. Owners see their aggregated results compared to others but cannot see the details of others. All data is secure.

Vision and the Future

Build a data repository of millions of learnings and leverage the digital age of digital transformation. The timing is good to secure the backing of most executives wanting to leverage data their company has and has already paid for. This revolution is taking place in every industry and every discipline. Future generations will need to learn quicker so they can make better business decisions, much faster, much better than we did. It’s a perfect time to leverage the PHA and risk data being accumulated every year by the 250,000 facilities handling hazardous products.

The benefit of connecting with today’s generation of young professionals …learn without having to learn. But benefit from millions of safety & risk learnings in a repository. Make them safer, more productive, and more inspired than we were. Leverage the lessons learned from incidents and risk data of the past. Enable the young to learn a new way not as we did. Let the young learn the way they understand…at warp speed accelerated with ease of access. They need to be safer and more competitive for the future.

Purpose

  1. To give corporations and leaders a new perspective on old data and expose thinking built on best practice Risk Assessments.
  2. To inspire employees with innovation and stories about why risk data ( PHAs, HAZOPs) is so important. Its being used and not sitting in a binder on a shelf gathering dust.
  3. To give leaders a reason to stop and ponder: Can we be safer? Can we leverage technology to reduce cost? Could we be more efficient in our drive to be safer? Can we operate with less effort and more accuracy?
  4. To give experts and users new insight into what matters most. What are the most critical safeguards, recommendations, threats, impacts?
  5. To give corporations a more efficient way to simplify their work processes for enterprise operations with more learning retention, less effort and more accuracy

See more at www.riskalive.com.

You May Also Like…

Loading...