Concept Of Risk Management
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Hazard Identification methodology
2 March 2009
Slide 1
Organization’s methodology
Be defined with respect to its scope, nature and timing to ensure it is proactive rather than reactive
Provide for the classification of risks and identification of those that are to be eliminated or controlled
Be consistent with operating experience and the capabilities of risk control measures employed
Provide input into the determination of facility requirements, identification of training needs and/or development of operation controls
Provide for the monitoring of required actions to ensure both the effectiveness and timeliness of their implementation 2 March 2009
Slide 2
Concept of Risk Management
“The essence of risk management is to avoid high risks, manage medium risks, and live with low risks.”
2 March 2009
Slide 3
Planning for Risk Analysis PREPARE PROCEDURE IDENTIFY HAZARD ANALYSE RISK Occurrences
Extreme risk
Legislation
High risk
Severity
Moderate risk
Control
Low risk
Establish significant risks - Prepare risk reduction program 2 March 2009
Slide 4
Planning for Risk Analysis Establish Significant risks - Prepare risk reduction program
TERMINATE
TREAT
TOLERATE
TRANSFER
Avoid or eliminate the risk
SHEQ Management System
Acceptable level of risk
Insurance Subcontracting
IMPLEMENT SHE PROGRAMME MONITOR [Measure, Evaluate, Commend or Correct] 2 March 2009
Slide 5
OHSAS
Present Control
Criticality
D/I/N/ ABN
Severity
Concern
Legislation*
Activity
Control
Sl. No.
Likelihood
Risk Assessment Additional Control Measures
Residual Risk
What? How? When? Who?
* Overriding factor
2 March 2009
Slide 6
Risk of Systems
Likelihood:
1) Likelihood of undesired occurrence of the Environmental aspect EMS 2) Likelihood of undesired event occurring - OHSAS
5
Will happen daily to weekly
4
Will happen many times in a month
3
Will happen once in every week
2
Will happen once in every month
1
Unlikely
2 March 2009
Slide 7
Risk of Systems
Control:
Undesired occurrence of Environmental aspect (EMS) or Undesired event (OHSAS).
1
Absence or not effective controls
3
Mechanism in place but not reliable
5
Available and effective
2 March 2009
Slide 8
Risk of Systems Legislation:
Compliance with legislation or the activity/aspect/ risk not covered under legislation
5
Not meeting legislation
1
In compliance with legislation or aspect not covered under legislation
2 March 2009
Slide 9
Risk of Systems Severity:
1) Impact against undesired occurrence of the Environmental aspect – EMS 2) Impact against undesired event occurring - OHSAS Impact
Criteria
Financial
Production
Environment
Injury
> Rs. 5
Stoppage more than 24 hrs
Permanent ecological damage
Multiple Fatality
5
Single Fatality Disability
4
Permanent Customer Loss
> Rs. 3 M
Stoppage < 24 hrs. Serious Customer Complaints
Major ecological damage
> Rs. 2 M
Stoppage for half day
Kills Flaura fauna or Resource Conservation
Serious Injury
3
Causes discomfort or acid or causes nuisance
Off Site Injury
2
Few Customer Complaint
< Rs. 1 M
Stoppage for few hours Single Customer Complaint
< Rs. 0.5 M
Stoppage Less than a hour
Slight Impact
No Customer complaints 2 March 2009
Minor Injury First Aid
1 Slide 10
DETERMINATION AND EVALUATION OF CRITICALITY
➨
Ranking Criteria = L x C x Lx R x I
➨
Select the ones with the highest score OR Define a Cut off value
2 March 2009
Slide 11
1.
Operation of DG Set
Emission of Sulphur dioxide
E
Noise Generation
S
EMS/ OHS
D/N
D/N
Present Control
Criticality
D/I/ N/A BN
Severity
Concern
Legislation
Activity
Control
Sl. No .
Likelihood
Example: Integration SHE Risk of Systems
OCP related to operation in place
3 2 5 3 180
PPE in place but not complied upon.
2 2 5 3 120
Additional Control Measures
Residual Risk
What? How? When? Who?
Change of fuel (ULHSD)
36
Increase in Stack Height Acoustic Enclosure of DG room. Training on PPE
24
Legislation not complied under any system requirement will have impact other system
Cut of Score - 120
2 March 2009
Slide 12
Procedure should include
Hazard identification and risk assessment methodology to be used
Criteria for identification and evaluation of processes, activities
Assignment of competent persons to execute the procedure
Frequency of risk identification and assessment activities
Involvement of employees in the process, activities, etc
Application of regulatory or other requirements, if applicable
2 March 2009
Slide 13
Risk assessment and risk control
Identify all activities; past, current and future planned, direct and indirect, under normal, abnormal and emergency situations
Identify all hazards involved within the activity, including those arising from the work place environment
Assess the risks involved in the above and put in place appropriate control measures
Consider significant risks when setting objective/targets
Provide feedback about control measures for significant risks to monitoring and auditing programmes
2 March 2009
Slide 14
2 March 2009
Slide 1
Organization’s methodology
Be defined with respect to its scope, nature and timing to ensure it is proactive rather than reactive
Provide for the classification of risks and identification of those that are to be eliminated or controlled
Be consistent with operating experience and the capabilities of risk control measures employed
Provide input into the determination of facility requirements, identification of training needs and/or development of operation controls
Provide for the monitoring of required actions to ensure both the effectiveness and timeliness of their implementation 2 March 2009
Slide 2
Concept of Risk Management
“The essence of risk management is to avoid high risks, manage medium risks, and live with low risks.”
2 March 2009
Slide 3
Planning for Risk Analysis PREPARE PROCEDURE IDENTIFY HAZARD ANALYSE RISK Occurrences
Extreme risk
Legislation
High risk
Severity
Moderate risk
Control
Low risk
Establish significant risks - Prepare risk reduction program 2 March 2009
Slide 4
Planning for Risk Analysis Establish Significant risks - Prepare risk reduction program
TERMINATE
TREAT
TOLERATE
TRANSFER
Avoid or eliminate the risk
SHEQ Management System
Acceptable level of risk
Insurance Subcontracting
IMPLEMENT SHE PROGRAMME MONITOR [Measure, Evaluate, Commend or Correct] 2 March 2009
Slide 5
OHSAS
Present Control
Criticality
D/I/N/ ABN
Severity
Concern
Legislation*
Activity
Control
Sl. No.
Likelihood
Risk Assessment Additional Control Measures
Residual Risk
What? How? When? Who?
* Overriding factor
2 March 2009
Slide 6
Risk of Systems
Likelihood:
1) Likelihood of undesired occurrence of the Environmental aspect EMS 2) Likelihood of undesired event occurring - OHSAS
5
Will happen daily to weekly
4
Will happen many times in a month
3
Will happen once in every week
2
Will happen once in every month
1
Unlikely
2 March 2009
Slide 7
Risk of Systems
Control:
Undesired occurrence of Environmental aspect (EMS) or Undesired event (OHSAS).
1
Absence or not effective controls
3
Mechanism in place but not reliable
5
Available and effective
2 March 2009
Slide 8
Risk of Systems Legislation:
Compliance with legislation or the activity/aspect/ risk not covered under legislation
5
Not meeting legislation
1
In compliance with legislation or aspect not covered under legislation
2 March 2009
Slide 9
Risk of Systems Severity:
1) Impact against undesired occurrence of the Environmental aspect – EMS 2) Impact against undesired event occurring - OHSAS Impact
Criteria
Financial
Production
Environment
Injury
> Rs. 5
Stoppage more than 24 hrs
Permanent ecological damage
Multiple Fatality
5
Single Fatality Disability
4
Permanent Customer Loss
> Rs. 3 M
Stoppage < 24 hrs. Serious Customer Complaints
Major ecological damage
> Rs. 2 M
Stoppage for half day
Kills Flaura fauna or Resource Conservation
Serious Injury
3
Causes discomfort or acid or causes nuisance
Off Site Injury
2
Few Customer Complaint
< Rs. 1 M
Stoppage for few hours Single Customer Complaint
< Rs. 0.5 M
Stoppage Less than a hour
Slight Impact
No Customer complaints 2 March 2009
Minor Injury First Aid
1 Slide 10
DETERMINATION AND EVALUATION OF CRITICALITY
➨
Ranking Criteria = L x C x Lx R x I
➨
Select the ones with the highest score OR Define a Cut off value
2 March 2009
Slide 11
1.
Operation of DG Set
Emission of Sulphur dioxide
E
Noise Generation
S
EMS/ OHS
D/N
D/N
Present Control
Criticality
D/I/ N/A BN
Severity
Concern
Legislation
Activity
Control
Sl. No .
Likelihood
Example: Integration SHE Risk of Systems
OCP related to operation in place
3 2 5 3 180
PPE in place but not complied upon.
2 2 5 3 120
Additional Control Measures
Residual Risk
What? How? When? Who?
Change of fuel (ULHSD)
36
Increase in Stack Height Acoustic Enclosure of DG room. Training on PPE
24
Legislation not complied under any system requirement will have impact other system
Cut of Score - 120
2 March 2009
Slide 12
Procedure should include
Hazard identification and risk assessment methodology to be used
Criteria for identification and evaluation of processes, activities
Assignment of competent persons to execute the procedure
Frequency of risk identification and assessment activities
Involvement of employees in the process, activities, etc
Application of regulatory or other requirements, if applicable
2 March 2009
Slide 13
Risk assessment and risk control
Identify all activities; past, current and future planned, direct and indirect, under normal, abnormal and emergency situations
Identify all hazards involved within the activity, including those arising from the work place environment
Assess the risks involved in the above and put in place appropriate control measures
Consider significant risks when setting objective/targets
Provide feedback about control measures for significant risks to monitoring and auditing programmes
2 March 2009
Slide 14
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