Controlling Risk Ranking Variability By Using a Progressive Risk Registry

Controlling Risk Ranking Variability by Using a Progressive Risk Registry

Risk in the process industries is often overstated or understated due to insufficient information. This is especially true regarding Process Hazards Analyses (PHA) and incident investigations. Compliance audits often reveal risk ranking consistency issues even between identical hazards at the same operating facility. This session introduces the “Progressive Risk Registry” concept for controlling risk variability by integrating industry risk information and company-specific data with modeling.

 This presentation will adress:

• What is a Progressive Risk Registry & how does it impact PHA?
• PHA Risk Ranking Variability
• Case study
• Unintended consequences
• Management system failures
• Lessons Learned
• Road to more accurate hazard consequences
• Worst case credible events
• Quantify extent of leak, fire, etc.
• Risk Matrix controls
• Strategies for an Enterprise Level Progressive Risk Registry without the enterprise cost 

Attendees will leave with new knowledge of what works in risk management along with real-world applicable tools and ideas to implement at their facilities. 

• A common risk framework across the company?
• Ability to react to slow and fast changes?
• MOC is key
• Identify interdependencies and address them
• An understanding that mitigating one risk may adversely affect another?
• A way to effectively deal with unknown unknowns vs known unknowns (and a way to surface them)?
• The right people making risk decisions?
• Make sure accountability is clear on who owns the risk
• Focus on high outcome probability risks

Extended Abstract: File Not Uploaded

See more of this Session: Computers in Operations: Process Safety and Control II
See more of this Group/Topical: Computing and Systems Technology Division