Fundamentals of Risk Management for Process Industry Engineers


Book Description

Fundamentals of Risk Management for Process Industry Engineers outlines foundational principles of human-centered, sociotechnical risk management, and how they can be applied to deliver real improvements in risk identification, understanding, analysis, control, communication, and governance. To maximize sustainable competitiveness requires the identification and optimization of the range of risks that can impact a business. Hence, understanding the foundational principles of sociotechnical risk management is required to design and execute effective risk identification, optimization, and management strategies. - Covers the foundations of risk management - Explains how risk management and professional engineering practice are interrelated - Describes the role and importance of humans in risk management activities - Discusses the fundamentals surrounding how to identify, assess, treat, monitor, and review risks in high hazard industries - Presents the range of operational risks faced by process companies, including safety and health, environmental and social risk, project risk, and supply chain risk




Bow Ties in Risk Management


Book Description

AN AUTHORITATIVE GUIDE THAT EXPLAINS THE EFFECTIVENESS AND IMPLEMENTATION OF BOW TIE ANALYSIS, A QUALITATIVE RISK ASSESSMENT AND BARRIER MANAGEMENT METHODOLOGY From a collaborative effort of the Center for Chemical Process Safety (CCPS) and the Energy Institute (EI) comes an invaluable book that puts the focus on a specific qualitative risk management methodology – bow tie barrier analysis. The book contains practical advice for conducting an effective bow tie analysis and offers guidance for creating bow tie diagrams for process safety and risk management. Bow Ties in Risk Management clearly shows how bow tie analysis and diagrams fit into an overall process safety and risk management framework. Implementing the methods outlined in this book will improve the quality of bow tie analysis and bow tie diagrams across an organization and the industry. This important guide: Explains the proven concept of bow tie barrier analysis for the preventing and mitigation of incident pathways, especially related to major accidents Shows how to avoid common pitfalls and is filled with real-world examples Explains the practical application of the bow tie method throughout an organization Reveals how to treat human and organizational factors in a sound and practical manner Includes additional material available online Although this book is written primarily for anyone involved with or responsible for managing process safety risks, this book is applicable to anyone using bow tie risk management practices in other safety and environmental or Enterprise Risk Management applications. It is designed for a wide audience, from beginners with little to no background in barrier management, to experienced professionals who may already be familiar with bow ties, their elements, the methodology, and their relation to risk management. The missions of both the CCPS and EI include developing and disseminating knowledge, skills, and good practices to protect people, property and the environment by bringing the best knowledge and practices to industry, academia, governments and the public around the world through collective wisdom, tools, training and expertise. The CCPS has been at the forefront of documenting and sharing important process safety risk assessment methodologies for more than 30 years. The EI's Technical Work Program addresses the depth and breadth of the energy sector, from fuels and fuels distribution to health and safety, sustainability and the environment. The EI program provides cost-effective, value-adding knowledge on key current and future international issues affecting those in the energy sector.




Risk Assessment and Risk Management for the Chemical Process Industry


Book Description

The tragic incident at Bhopal, India made it clear that safetyreviews for identification and control of accidents involving toxicchemicals must be more systematic. This guide shows how tointegrate hazard identification, risk assessment, consequenceanalysis, and risk mitigation into a formalized program forhandling hazardous chemicals. Most of the 21 contributors aresenior staff members at Stone & Webster EngineeringCorporation. They discuss how to perform and supervise safetystudies for chemical, petrochemical, petroleum refining, and otherfacilities. They discuss all aspects of detection, prevention, andmitigation of risks associated with processing, handling, andproduction of hazardous chemicals. Special attention is given tohazard identification and hazard assessment techniques ranging fromsimple screening checklists to highly structured Hazard andOperability (HAZOP) analysis. You're shown how to calculatepotential consequences of identified hazards, quantify thelikelihood of these events, and combine equipment failure rate dataand human reliability analysis with hazard assessment. You'll alsobenefit from the book's rundowns of how to * apply expert systems and artificial intelligence in riskmanagement * instill safety-oriented operating and maintenanceprocedures * train operators and emergency response personnel * conduct internal and external safety audits * perform chemical dispersion, explosion, and fire analyses * assess health effects from chemical releases * use insurance vehicles to deal with residual risk. Risk Assessment and Risk Management for the Chemical ProcessIndustry is an essential source on minimizing the dangers of toxicincidents and accidents. It is essential reading for safetyengineers, regulatory managers, environmental engineers, and otherprofessionals responsible for safety in chemical plants.




Fundamentals of Process Safety Engineering


Book Description

This textbook covers the essential aspects of process safety engineering in a practical and comprehensive manner. It provides readers with an understanding of process safety hazards in the refining and petrochemical industries and how to manage them in a reliable and professional manner. It covers the most important concepts: static electricity, intensity of thermal radiation, thermodynamics of fluid phase equilibria, boiling liquid expanding vapor explosion (BLEVE), emission source models, hazard identification methods, risk control and methods for achieving manufacturing excellence while also focusing on safety. Extensive case studies are included. Aimed at senior undergraduate and graduate chemical engineering students and practicing engineers, this book covers process safety principles and engineering practice authoritatively, with comprehensive examples: • Fundamentals, methods, and procedures for the industrial practice of process safety engineering. • The thermodynamic fundamentals and computational methods for release rates from ruptures in pipelines, vessels, and relief valves. • Fundamentals of static electricity hazards and their mitigation. • Quantitative assessment of fires and explosions. • Principles of dispersion calculations for toxic or flammable gases and vapors. • Methods of qualitative and quantitative risk assessment and control.




Enterprise Risk Management


Book Description

Essential insights on the various aspects of enterprise risk management If you want to understand enterprise risk management from some of the leading academics and practitioners of this exciting new methodology, Enterprise Risk Management is the book for you. Through in-depth insights into what practitioners of this evolving business practice are actually doing as well as anticipating what needs to be taught on the topic, John Fraser and Betty Simkins have sought out the leading experts in this field to clearly explain what enterprise risk management is and how you can teach, learn, and implement these leading practices within the context of your business activities. In this book, the authors take a broad view of ERM, or what is called a holistic approach to ERM. Enterprise Risk Management introduces you to the wide range of concepts and techniques for managing risk in a holistic way that correctly identifies risks and prioritizes the appropriate responses. This invaluable guide offers a broad overview of the different types of techniques: the role of the board, risk tolerances, risk profiles, risk workshops, and allocation of resources, while focusing on the principles that determine business success. This comprehensive resource also provides a thorough introduction to enterprise risk management as it relates to credit, market, and operational risk, as well as the evolving requirements of the rating agencies and their importance to the overall risk management in a corporate setting. Filled with helpful tables and charts, Enterprise Risk Management offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing enterprise risk management. Discusses the history of risk management and more recently developed enterprise risk management practices and how you can prudently implement these techniques within the context of your underlying business activities Provides coverage of topics such as the role of the chief risk officer, the use of anonymous voting technology, and risk indicators and their role in risk management Explores the culture and practices of enterprise risk management without getting bogged down by the mathematics surrounding the more conventional approaches to financial risk management This informative guide will help you unlock the incredible potential of enterprise risk management, which has been described as a proxy for good management.




Safety and Health for Engineers


Book Description

SAFETY AND HEALTH FOR ENGINEERS A comprehensive resource for making products, facilities, processes, and operations safe for workers, users, and the public Ensuring the health and safety of individuals in the workplace is vital on an interpersonal level but is also crucial to limiting the liability of companies in the event of an onsite injury. The Bureau of Labor Statistics reported over 4,700 fatal work injuries in the United States in 2020, most frequently in transportation-related incidents. The same year, approximately 2.7 million workplace injuries and illnesses were reported by private industry employers. According to the National Safety Council, the cost in lost wages, productivity, medical and administrative costs is close to 1.2 trillion dollars in the US alone. It is imperative—by law and ethics—for engineers and safety and health professionals to drive down these statistics by creating a safe workplace and safe products, as well as maintaining a safe environment. Safety and Health for Engineers is considered the gold standard for engineers in all specialties, teaching an understanding of many components necessary to achieve safe workplaces, products, facilities, and methods to secure safety for workers, users, and the public. Each chapter offers information relevant to help safety professionals and engineers in the achievement of the first canon of professional ethics: to protect the health, safety, and welfare of the public. The textbook examines the fundamentals of safety, legal aspects, hazard recognition and control, the human element, and techniques to manage safety decisions. In doing so, it covers the primary safety essentials necessary for certification examinations for practitioners. Readers of the fourth edition of Safety and Health for Engineers readers will also find: Updates to all chapters, informed by research and references gathered since the last publication The most up-to-date information on current policy, certifications, regulations, agency standards, and the impact of new technologies, such as wearable technology, automation in transportation, and artificial intelligence New international information, including U.S. and foreign standards agencies, professional societies, and other organizations worldwide Expanded sections with real-world applications, exercises, and 164 case studies An extensive list of references to help readers find more detail on chapter contents A solution manual available to qualified instructors Safety and Health for Engineers is an ideal textbook for courses in safety engineering around the world in undergraduate or graduate studies, or in professional development learning. It also is a useful reference for professionals in engineering, safety, health, and associated fields who are preparing for credentialing examinations in safety and health.




Guidelines for Risk Based Process Safety


Book Description

Guidelines for Risk Based Process Safety provides guidelines for industries that manufacture, consume, or handle chemicals, by focusing on new ways to design, correct, or improve process safety management practices. This new framework for thinking about process safety builds upon the original process safety management ideas published in the early 1990s, integrates industry lessons learned over the intervening years, utilizes applicable "total quality" principles (i.e., plan, do, check, act), and organizes it in a way that will be useful to all organizations - even those with relatively lower hazard activities - throughout the life-cycle of a company.




Risk Management for Engineering Projects


Book Description

Covers the entire process of risk management by providing methodologies for determining the sources of engineering project risk, and once threats have been identified, managing them through: identification and assessment (probability, relative importance, variables, risk breakdown structure, etc.); implementation of measures for their prevention, reduction or mitigation; evaluation of impacts and quantification of risks and establishment of control measures. It also considers sensitivity analysis to determine the influence of uncertain parameters values on different project results, such as completion time, total costs, etc. Case studies and examples across a wide spectrum of engineering projects discuss such diverse factors as: safety; environmental impacts; societal reactions; time and cost overruns; quality control; legal issues; financial considerations; and political risk, making this suitable for undergraduates and graduates in grasping the fundamentals of risk management.




Fire Risk Management


Book Description

FIRE RISK MANAGEMENT Practical methodologies to develop holistic and comprehensive fire safety strategies for buildings and industrial assets In Fire Risk Management: Principles and Strategies for Buildings and Industrial Assets, a team of distinguished authors delivers an incisive combination of risk management principles and fire safety assessment methods that offers practical strategies and workflows to prevent and mitigate today’s complex fire scenarios. The book summarizes modern, risk-based approaches to fire safety, discussing fire safety objectives in terms of functional statements, performance requirements, and detailed protection measures for buildings and industrial assets towards the development of a fire safety case to timely manage risk with a systematic and structured approach throughout the life cycle of the asset. The authors introduce the fundamentals of fire safety and design principles before moving on to discuss topics like fire risk assessment methods, risk profiles, risk mitigation, safety management and performance, and protective layers and controls. Fire Risk Management presents practical methods, often borrowed from those successfully used in other domains, that can be defined, shared, and communicated with multiple stakeholders from different backgrounds and with different needs and perspectives. Readers will also find: A code-neutral examination of fire safety principles that is independent of local regulations Discussions of key principle standards, including NFPA 550 and ISO 45001, and guidelines on fire risk assessment Practical explorations that connect theory with practice in the real world In-depth case studies that walk readers through fire risk management strategies for railway stations, warehouse storage facilities, heritage buildings, renewable energy installations, and process industry plants Perfect for fire safety practitioners, engineers, and other stakeholders involved in the design and operation of buildings and industrial assets, Fire Risk Management: Principles and Strategies for Buildings and Industrial Assets will also earn a place in the libraries of facility owners and operators, safety systems managers, occupational health and safety professionals, and code officials.




Fundamentals of Risk Analysis and Risk Management


Book Description

This book bridges the gap between the many different disciplines used in applications of risk analysis to real world problems. Contributed by some of the world's leading experts, it creates a common information base and language for all risk analysis practitioners, risk managers, and decision makers. Valuable as both a reference for practitioners and a comprehensive textbook for students, Fundamentals of Risk Analysis and Risk Management is a unique contribution to the field. Its broad coverage ranges from basic theory of risk analysis to practical applications, risk perception, legal and political issues, and risk management.