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As you age, your risk profile of dying changes. Understanding the risk will enable you to better allocate resources to prevent and monitor the most likely causes. Similarly in operational risk management, understanding the risk of your facility allows you to make better investment decisions to safeguard your assets. A common tolerable frequency for a single personnel fatality is 0.0001 or 100 per million chance per year. This decision criteria is used in a risk assessment to achieve consistent decisions within a company. See how working in an oil and gas facility stacks up with life's day-to-day risks.
At Icarus-ORM, our collectively exhaustive approach ensures our client accepts no unnecessary risks . Contact us for your HAZOP and LOPA today!
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