Process safety is about understanding hazards and risk, managing risk by providing the appropriate layers of protection to reduce the frequency and severity of incidents, and learning from incidents ...

Once the risk team has been assembled, the crucial process of identifying risks must commence. The output of the risk ...

OCCUPATIONAL health and safety professionals understand the importance of effective risk management. This understanding, combined with the ability to implement risk mitigation strategies and tactics, ...

To decrease the possibility of failure, medical device companies must employ critical thinking, risk process point analysis, and control measures. Walt Murray In the medical device industry, the life ...

Process designs and control strategies can be improved by adopting a risk-based approach to product quality. The author describes how this approach can be applied to spray-drying operations. Taking a ...

The memorial for the Bhopal Gas Disaster is situated near the site of the Union Carbide Corp. factory, which on Dec. 2, 1984, was the site of a massive release of toxic chemicals, including methyl ...

We propose an approach for the modeling, monitoring and control of operational risk in financial institutions based on a methodology that integrates business process modeling with statistical and ...

• An appropriately crafted incentive structure for risk takers. While all of these things are important, they are not risk culture. They are either risk governance or risk process. They are vital ...

The world has changed significantly in the past two years, and so have the rules around assessing cyber security risk. A combination of greater digital business penetration, a wider array of risks, ...

LAST week we explored the minimum capital requirements under Pillar 1 of Basel III. This week, we will focus on the firm-wide risk management process and the role of supervisors, under Pillar 2, to ...

Admiral William Gortney, commander of the North American Aerospace Defense Command (NORAD) and Northern Command, was recently discussing the threat posed by advanced Russian long-range conventional ...