Effective Risk Assessments Based on Lessons Learned and Best Practices

Process manufacturing facilities are so complex, and the risks so subtle, that unless a structured risk management process is used that leverages corporate knowledge and lessons learned, risk exposure will remain unacceptably high.

Risk Assessment studies like HAZOP (Hazard and Operability Analysis), What-If/Checklist, JSA (Job Safety Analysis) and SVA (Security Vulnerability Analysis) are used to identify and measure a variety of different risks including process risks, employee risks, environmental risks, ergonomic risks, and the risks posed by criminals and terrorists. Most companies spend a great deal of time and manpower trying to document these risks, but all too often this data is decentralized, not easily accessible, and rarely integrated with other systems that could promote or reuse this content. For companies that are regulated by Process Safety Management (PSM) regulations, such as OSHA’s 29 CFR 1910.119, it is important for them to leverage their core Risk Assessment data and to integrate the various PSM elements so that they can create a cradle-to-grave approach to managing risk, which is a fundamental principle of Operational Risk Management (ORM).

Dyadem solutions dramatically improve the effectiveness of your risk management practices by basing them on lessons learned and best practices that continuously evolve through closed-loop continuous improvement processes. This knowledge-driven approach also ensures consistency in format and language across risk assessments, enabling both the sharing of knowledge and the visibility into risk processes across the enterprise.