Risk Management

A structured risk management optimizes the cost of investments against the cost of risks, achieving operational envelope within risk capacity and preferably within risk tolerance targets. Risk management portfolio consists of:

Hazard and Operability Studies (HAZOP)
One of the most widely used tools in facility design and revamps, with deviations structured to the specific project, to eliminate the possibility that some risks may slip under the radar.
Safety Critical Elements (SCE) and Performance Standards
What keeps the facility safe from major accidents with grave consequences? How strong do these barriers need to be, and under what conditions they must be able to perform?
QRA, FERA, Toxic Gas Dispersion, and BRA studies
Are the facility risks from fires, explosions, and toxic gas dispersion acceptable against recognized values?
LOPA Analysis
What kind of instrumented protective function is required to meet the specified (calculated) risk reduction level? How robust it needs to be?
SIL Verification
Confirming the required risk reduction performance of the instrumented loop with given components and configuration. Ensuring the LOPA results are implemented in the physical form.
F&G Detection studies
Enable early detection of chemical releases and fires due to loss of containment, and identify thresholds for an automated response. Sometimes, there is a very short time between early and too late.
Fire Protection and Fire Fighting
Evaluate existing or design new fire protection and firefighting systems, based on prescriptive or performance-based (fire scenarios) approaches.
Escape, Evacuation, and Rescue Analysis (EERA) and Emergency Response Planning (ERP)
How is the ultimate response to a safety event with severe consequences designed and implemented? Can everybody make it to the safe point?
Flare Radiation and Dispersion
Demonstrate safe velocities, noise, and heat radiation levels around the flare tip. Evaluate different flows, compositions, and ambient conditions.
Pressure Relief System Design and Verification
Back pressures, velocities, relief rates and combined loads. Is the system designed correctly? Are any modifications needed in case of changes in relief flow rates?
SIMOPS / MOPO
Ensure adequate controls are in place when dealing with simultaneous operations / activities under two different HSE management systems.
Human Error Assessment / Human Reliability Analysis
Human error is the No.1 cause of major safety accidents. Has the human factor been correctly factored into the equation? What can be improved?
Project HSE Reviews (PHSER)
Given the magnitude and the contents of a project, have the effective methods and processes been used to identify, evaluate and manage risks? Can this be clearly demonstrated?
Safety Management System Audits
How strong and effective is the Safety management system of a business, or of a facility? What it consists of, and how the performance is measured and continuously improved? The majority of weak points can be quantified.
Alarm Rationalization and Management
What is the current response time to process alarms? What is the percentage of potentially critical omissions? Design the alarm management systems to help panel operators give maximum contribution to process safety.