This document outlines the objectives and key components of risk assessment and management. It defines risk management as minimizing adverse risks to an organization. The main stages are identifying hazards, evaluating associated risks, and controlling risks. Quantitative and qualitative risk assessment methods are described. Various risk assessment techniques like failure mode and effects analysis, hazard and operability studies, and fault tree analysis are explained. The document provides a process for practical risk assessment involving classifying work activities, identifying hazards, determining risk levels, deciding if risks are tolerable, and preparing risk control plans. It emphasizes that risk assessment is an ongoing and evolving process.
Introduction to Risk assessment and management. What is risk assessment and management? How to evaluate risk and how to analyze risk? What is the necessity of risk assessment and management? What are the basic steps for risk assessment and management?
Introduction to Risk assessment and management. What is risk assessment and management? How to evaluate risk and how to analyze risk? What is the necessity of risk assessment and management? What are the basic steps for risk assessment and management?
Risk assessment techniques a critical success factorPECB
The webinar has discussed the most commonly utilized tools and the reasons why their success is limited. In addition, risk identification and assessment techniques as part of ISO 31010 will are analyzed.
Presenter:
The presenter of this webinar is Eddie de Vries, a PECB ISO 31000 certified Risk Manager and Trainer with 20 years’ experience in Quality Management and more than 12 years’ experience in Enterprise Risk Management.
Link of the recorded session published on YouTube: https://youtu.be/KiL5ufPeAFE
Presenting this set of slides with name - Risk Management Module PowerPoint Presentation Slides. The stages in this process are Risk Management Module, Risk Management Framework, Risk Management Structure.
Risk assessment techniques a critical success factorPECB
The webinar has discussed the most commonly utilized tools and the reasons why their success is limited. In addition, risk identification and assessment techniques as part of ISO 31010 will are analyzed.
Presenter:
The presenter of this webinar is Eddie de Vries, a PECB ISO 31000 certified Risk Manager and Trainer with 20 years’ experience in Quality Management and more than 12 years’ experience in Enterprise Risk Management.
Link of the recorded session published on YouTube: https://youtu.be/KiL5ufPeAFE
Presenting this set of slides with name - Risk Management Module PowerPoint Presentation Slides. The stages in this process are Risk Management Module, Risk Management Framework, Risk Management Structure.
Unit V - Hazard Indentification Techniques.pptxNarmatha D
Job Safety Analysis-Preliminary Hazard Analysis-Failure mode and Effects Analysis- Hazard and Operability- Fault Tree Analysis- Event Tree Analysis Qualitative and Quantitative Risk Assessment- Checklist Analysis- Root cause analysis- What-If Analysis- and Hazard Identification and Risk Assessment
Natural farming @ Dr. Siddhartha S. Jena.pptxsidjena70
A brief about organic farming/ Natural farming/ Zero budget natural farming/ Subash Palekar Natural farming which keeps us and environment safe and healthy. Next gen Agricultural practices of chemical free farming.
UNDERSTANDING WHAT GREEN WASHING IS!.pdfJulietMogola
Many companies today use green washing to lure the public into thinking they are conserving the environment but in real sense they are doing more harm. There have been such several cases from very big companies here in Kenya and also globally. This ranges from various sectors from manufacturing and goes to consumer products. Educating people on greenwashing will enable people to make better choices based on their analysis and not on what they see on marketing sites.
Willie Nelson Net Worth: A Journey Through Music, Movies, and Business Venturesgreendigital
Willie Nelson is a name that resonates within the world of music and entertainment. Known for his unique voice, and masterful guitar skills. and an extraordinary career spanning several decades. Nelson has become a legend in the country music scene. But, his influence extends far beyond the realm of music. with ventures in acting, writing, activism, and business. This comprehensive article delves into Willie Nelson net worth. exploring the various facets of his career that have contributed to his large fortune.
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Introduction
Willie Nelson net worth is a testament to his enduring influence and success in many fields. Born on April 29, 1933, in Abbott, Texas. Nelson's journey from a humble beginning to becoming one of the most iconic figures in American music is nothing short of inspirational. His net worth, which estimated to be around $25 million as of 2024. reflects a career that is as diverse as it is prolific.
Early Life and Musical Beginnings
Humble Origins
Willie Hugh Nelson was born during the Great Depression. a time of significant economic hardship in the United States. Raised by his grandparents. Nelson found solace and inspiration in music from an early age. His grandmother taught him to play the guitar. setting the stage for what would become an illustrious career.
First Steps in Music
Nelson's initial foray into the music industry was fraught with challenges. He moved to Nashville, Tennessee, to pursue his dreams, but success did not come . Working as a songwriter, Nelson penned hits for other artists. which helped him gain a foothold in the competitive music scene. His songwriting skills contributed to his early earnings. laying the foundation for his net worth.
Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
"Understanding the Carbon Cycle: Processes, Human Impacts, and Strategies for...MMariSelvam4
The carbon cycle is a critical component of Earth's environmental system, governing the movement and transformation of carbon through various reservoirs, including the atmosphere, oceans, soil, and living organisms. This complex cycle involves several key processes such as photosynthesis, respiration, decomposition, and carbon sequestration, each contributing to the regulation of carbon levels on the planet.
Human activities, particularly fossil fuel combustion and deforestation, have significantly altered the natural carbon cycle, leading to increased atmospheric carbon dioxide concentrations and driving climate change. Understanding the intricacies of the carbon cycle is essential for assessing the impacts of these changes and developing effective mitigation strategies.
By studying the carbon cycle, scientists can identify carbon sources and sinks, measure carbon fluxes, and predict future trends. This knowledge is crucial for crafting policies aimed at reducing carbon emissions, enhancing carbon storage, and promoting sustainable practices. The carbon cycle's interplay with climate systems, ecosystems, and human activities underscores its importance in maintaining a stable and healthy planet.
In-depth exploration of the carbon cycle reveals the delicate balance required to sustain life and the urgent need to address anthropogenic influences. Through research, education, and policy, we can work towards restoring equilibrium in the carbon cycle and ensuring a sustainable future for generations to come.
WRI’s brand new “Food Service Playbook for Promoting Sustainable Food Choices” gives food service operators the very latest strategies for creating dining environments that empower consumers to choose sustainable, plant-rich dishes. This research builds off our first guide for food service, now with industry experience and insights from nearly 350 academic trials.
2. Objectives of this Section
• Introduce the concept of risk assessment and
risk management and its role.
• To define the principle components of risk
management.
• To outline advanced risk assessment
methodologies for use in QRA’s.
• To outline a practical risk assessment
process.
3. Principals of Risk Management
Risk management can be defined as:
The eradication or minimisation of the adverse
affects of risks to which an organisation is
exposed.
4. Stages in Risk Management
• Identifying the hazards.
• Evaluating the associated risks.
• Controlling the risks.
6. ‘Management Responsibility
• ‘Every Employer shall make a suitable and efficient
assessment of:-
a) The risks to the health and safety of his employees to
which they are exposed whilst they are at work.
b) The risks to the health and safety of persons not in his
employment arising out of or in connection with the conduct by
him or his undertaking;
• For the purpose of identifying the measures he needs
to take to comply with the requirements and
prohibitions imposed on him by or under the relevant
statutory provisions.’
7. Risk assessment can be a
‘very straightforward process based on
judgement requiring no specialist skills or
complicated techniques.’
This approach is commonly known as
qualitative or subjective risk assessment.
8. Major Hazards
• Major hazards associated with complex
chemical or nuclear plants, may ‘warrant the
need of such techniques as Quantitative Risk
Assessment’.
• In Quantitative Risk Assessment (QRA) a
numerical estimate is made of the probability
that a defined harm will result from the
occurrence of a particular event.
9. The Risk Management Process
Hazard Identification
Hazard :
The potential to cause harm. Harm including ill
health and injury, damage to property, plant,
products or the environment, production losses
or increased liabilities.
10. Hazard Identification
• Comparative Methods. e.g. checklists and
audits.
• Fundamental Methods: e.g. Deviation
Analysis, Hazard and Operability Studies,
Energy Analysis, Failure Modes & Effects
Analysis.
• Failure Logic: e.g. Fault Trees, Event Trees &
Cause- Consequence diagrams
11. Assessing the Risks
Risk:
The likelihood that a specified undesired
event will occur due to the realisation of a
hazard by, or during work activities or by
the products and services created by
work activities.
12. Assessing the Risks
Quantitative risk assessment
• Commonly used in the high technology
industries
• QRA tends to deal with the avoidance of
low probability events with serious
consequences to the plant and the
surrounding environment.
13. Assessing the Risks
Subjective risk assessment
• Qualitative risk assessment involves making a formal
judgement on the consequence and probability using:
Risk = Severity x Likelihood
14. Assessing the Risks
Example:
The likely effect of a hazard may for example be rated:
1. Major
Death or major injury or illness causing long term disability
2. Serious
Injuries or illness causing short-term disability
3. Slight
All other injuries or illnesses
15. Assessing the Risks
The likelihood of harm may be rated
1. High
Where it is certain that harm will occur
2. Medium
Where harm will often occur
3. Low
Where harm will seldom occur
16. Assessing the Risks
Risk
=
Severity of Harm
x
Likelihood of occurrence
• This simple computation gives a risk value of between 1 and 9
enabling a rough and ready comparison of risks.
• In this case the lower the number, the greater the risk, and so
prioritises the hazards so that control action can be targeted at
higher risks.
17. Controlling Risk
• Risk Avoidance – This strategy involves a
conscious decision on the part of the organisation to
avoid completely a particular risk by discontinuing the
operation producing the risk e.g. the replacing a
hazardous chemical by one with less or no risk
potential.
• Risk Retention – The risk is retained in the
organisation where any consequent loss is financed
by the company. There are two aspects to consider
here, risk retention with knowledge and risk retention
without knowledge.
18. Controlling Risk
• Risk Transfer – This refers to the legal
assignment of the costs of certain potential losses
from one party to another. The most common way is
by insurance.
• Risk Reduction – Here the risks are
systematically reduced through control measures,
according to the hierarchy of risk control described in
earlier sections.
19. ALARP
• Legislation requires employers to reduce
risks to a level that is as low as is reasonably
practicable (sometimes abbreviated as
ALARP).
• To carry out a duty so far as is reasonably
practicable means that the degree of risk in a
particular activity or environment can be
balanced against the time, trouble, cost and
physical difficulty of taking measures to avoid
the risk.
20. Advanced Risk Assessment
Techniques
Quantitative Risk Assessment
• QRA is most commonly used in the process
industries to quantify the risks of ‘major hazards’.
• QRA used in the offshore oil and gas industries, the
transport of hazardous materials, the protection of the
environment, mass transportation (rail) and the
nuclear industry.
21. Quantitative Risk Assessment (1)
• Individual Risk is defined as ‘the frequency at
which an individual may be expected to sustain a
given level of harm from the realisation of specific
hazards’.
• Societal Risk
22. Failure Modes and Effect Analysis
The system is divided into sub systems that
can be handled effectively.
It involves:
• Identification of the component and parent system.
• Failure mode and cause of failure.
• Effect of the failure on the subsystem or system.
• Method of detection and diagnostic aids available.
23. Failure Modes and Effect Analysis
A typical format:
Component Function Failure
Mode
Failure
Rate
Failure
Effect
Criticality Detection
Method
Preventative
Measures
24. Failure Modes and Effect Analysis
• For each component’s functions, every conceivable
mode of failure is identified and recorded.
• It is also common to rate the failure rate for each
failure mode identified.
• The potential consequences for each failure must be
identified along with its effects on other equipment,
components within the rest of the system.
• It is then necessary to record preventative measures
that are in place or may be introduced to correct the
failure, reduce its failure rate or provide some
adequate form of detection.
25. Hazard & Operability Studies
• Hazard and Operability Studies
(HAZOP) have been used for many
years as a formal means for the review
of chemical process designs.
• A HAZOP study is a systematic search
for hazards which are defined as
deviations within these parameters
that may have dangerous
consequences.
• In the process industry, these
deviations concern process
parameters such as flow, temperature,
pressure etc.
26. Hazard & Operability Studies
• HAZOP is a team approach, involving a team of
people representing all different functions in a plant.
• They identify all the deviations by ‘brain-storming’ to a
set of guide words which are applied to all parts of
the system.
27. The process is as follows:
The system is divided into suitable parts or sub-systems,
which are then analysed one at a time.
For each sub-system each parameter (flow, temperature,
pressure, volume, viscosity etc.) that has an influence on it,
is noted.
Guidewords are applied to each parameter in each
subsystem. The intention is to prompt creative discussion of
deviations and possible consequences
For each significant deviation, possible causes are
identified.
Hazard & Operability Studies
28. Hazard & Operability Studies
NO or NOT No part of the design intent occurs, such as no flow in a
pipeline due to blockage.
MORE or LESS A quantitative increase or decrease of some parameter, such
as flow, temperature etc.
AS WELL AS All the design intentions are fulfilled and something happens
in addition
PART OF Only part of the design intention is fulfilled
REVERSE The logical opposite of the design intention occurs
Guideword Definitions
OTHER THAN Something completely different than attended occurs
29. Hazard & Operability Studies
Example
• Consider the simple process diagram below. It
represents a plant where substances A and B react
with each other to form a new substance C. If there is
more B than A there may be an explosion.
A
B
V1
V2
V3
V4
V5
A < B = Explosion C
30. Fault Tree Analysis
• A fault tree is a diagram that displays the logical
interrelationship between the basic causes of the
hazard.
• Fault tree analysis can be simple or complex
depending on the system in question. Complex
analysis involves the use of Boolean algebra to
represent various failure states.
31. Fault Tree Analysis
• The first stage is to select the hazard or top event
that is to be analysed.
• The tree is structured so that the hazard appears at
the top. It is then necessary to work downwards,
firstly by identifying causes that directly contribute to
this hazard.
• When all the causes and sub-causes have been
identified, the next stage is to construct the fault tree.
32. Fault Tree Analysis
Symbol Designation Function
EVENT / CAUSE Causes or events that can be developed
further
BASIC
EVENT/CAUSE
Basic or Root Causes or events that cannot
be developed further
UNDEVELOPED
EVENT/CAUSE
Causes are not developed due to lack of
information or significance.
AND gate Output event occurs only if all input events
occur
OR gate Output event occurs if any one of the input
events occurs
33. Fault Tree Analysis
Example
• Consider the simple circuit diagram shown below:
+
-
LAMP
SWITCHFUSE
BATTERY
POWER
UNIT
34. Fault Tree Analysis
• The corresponding fault tree for the above circuit, with the top
event (or hazard) being the lamp not working is as follows:
Lamp does not
light
No current
through the lamp
No power supply
to the lamp
Broken circuitNo power feed
Faulty
Lamp
No Power
from battery
No Power
from unit
Broken
Circuit
Defective
switch
Defective
fuse
35. Practical Risk Assessment
Classify work activities
Identify hazards
Determine risk
Decide if risk is tolerable
Prepare risk control action plan
(if necessary)
Review adequacy of action plan
36. Classify Work Activities
Possible ways of classifying work activities
include:
• Geographical areas within/outside the organisation's
premises.
• Stages in the production process, or in the provision
of a service.
• Planned and reactive work.
• Defined tasks (e.g. driving).
37. Identify Hazards
Broad categories of hazard
To help with the process of identifying
hazards it is useful to categorise hazards in
different ways, for example by topic, e.g.:
• Mechanical.
• Electrical.
• Radiation.
• Substances.
• Fire and explosion.
38. Hazards prompt-list
During work activities could the following
hazards exist?
• Slips/falls on the level.
• Falls of persons form heights.
• Falls of tools, materials, etc., from heights.
• Inadequate headroom.
• Hazards associated with manual lifting/handling of
tools, materials, etc..
• Hazards from plant and machinery associated with
assembly, commissioning, operation, maintenance,
modification, repair and dismantling.
39. Hazards prompt-list
• Vehicle hazards, covering both site transport, and
travel by road.
• Fire and explosion.
• Violence to staff.
• Substances that may be inhaled.
• Substances or agents that may damage the eye.
• Substances that may cause harm by coming into
contact with, or being absorbed through, the skin.
• Substances that may cause harm by being ingested
(i.e., entering the body via the mouth).
• Harmful energies (e.g., electricity, radiation, noise,
vibration).
40. Hazards prompt-list
• Work-related upper limb disorders resulting from
frequently repeated tasks.
• Inadequate thermal environment, e.g. too hot.
• Lighting levels.
• Slippery, uneven ground/surfaces.
• Inadequate guard rails or hand rails on stairs.
• Contractors' activities.
41. Determine risk
The risk from the hazard should be
determined by estimating the potential
severity of harm and the likelihood that harm
will occur.
42. Severity of harm
Information obtained about work activities is a
vital input to risk assessment. When seeking
to establish potential severity of harm, the
following should also be considered:
• Part(s) of the body likely to be affected;
• Nature of the harm, ranging from slightly to extremely
harmful:
– 1) Slightly harmful, e.g.:
• Superficial injuries; minor cuts and bruises; eye irritation
from dust.
• Nuisance and irritation (e.g. headaches); ill-health
leading to temporary discomfort.
43. Severity of harm
– 2) Harmful, e.g.
• Lacerations; burns; concussion; serious sprains; minor
fractures.
• Deafness; dermatitis; asthma; work related upper limb
disorders; ill-health leading to permanent minor disability.
– 3) Extremely harmful, e.g.
• Amputations; major fractures; poisonings; multiple
injuries; fatal injuries.
• Occupational cancer; other severely life shortening
diseases; acute fatal diseases.
44. Likelihood of harm
When seeking to establish likelihood of harm
the adequacy of control measures already
implemented and complied with needs to be
considered.
Issues considered:
•Number of personnel exposed.
•Frequency and duration of exposure to the hazard.
•Failure of services e.g. electricity and water.
•Failure of plant and machinery components and safety devices.
•Exposure to the elements.
45. Likelihood of harm
• Protection afforded by personal protective equipment
and usage rate of personal protective equipment;
• Unsafe acts (unintended errors or intentional
violations of procedures) by persons, for example,
who:
– 1) May not know what the hazards are.
– 2) May not have the knowledge, physical capacity, or skills
to do the work.
– 3) Underestimate risks to which they are exposed.
– 4) Underestimate the practicality and utility of safe working
methods.
46. Decide if risk is tolerable
One simple method for estimating risk levels and for
deciding whether risks are tolerable. Risks are
classified according to their estimated likelihood and
potential severity of harm.
Slightly harmful
Harmful
Extremely
harmful
Highly unlikely
TRIVIAL RISK
TOLERABLE
RISK
MODERATE
RISK
Unlikely
TOLERABLE
RISK
MODERATE
RISK
SUBSTANTIAL
RISK
Likely
MODERATE
RISK
SUBSTANTIAL
RISK
INTOLERABLE
RISK
47. Prepare risk control action plan
Risk categories shown form the basis for
deciding whether improved controls are
required and the timescale for action.
The outcome of a risk assessment should be
an inventory of actions, in priority order, to
devise, maintain or improve controls.
48. RISK LEVEL ACTION AND TIMESCALE
TRIVIAL No action is required and no documentary records need to be kept.
TOLERABLE No additional controls are required. Consideration may be given to
a more cost-effective solution or improvement that imposes no
additional cost burden. Monitoring is required to ensure that the
controls are maintained.
MODERATE Efforts should be made to reduce the risk, but the costs of
prevention should b e carefully measured and limited. Risk
reduction measures should be implemented within a defined time
period.
Where the moderate risk is associated with extremely harmful
consequences, further assessment may be necessary to establish
more precisely the likelihood of harm as a basis for determining the
need for improved control measures.
SUBSTANTIAL Work should not be started until the risk has been reduced.
Considerable resources may have to be allocated to reduce the risk.
Where the risk involves work in progress, urgent action should be
taken.
INTOLERABLE Work should not be started or continued until the risk has been
reduced. If it is not possible to reduce risk even with unlimited
resources, work has to remain prohibited.
A simple risk-based control plan.
49. Prepare risk control action plan
The action plan should be reviewed before
implementation, typically by asking:
• Will the revised controls lead to tolerable risk levels?
• Are new hazards created?
• Has the most cost-effective solution been chosen?
• What do people affected think about the need for,
and practicality of, the revised preventive measures?
• Will the revised controls be used in practice, and not
ignored in the face of, for example, pressures to get
the job done?
50. Changing Conditions and Revising
Risk assessment should be seen as a
continuing process. Thus, the adequacy of
control measures should be subject to
continual review and revised if necessary.
51. Thanks
“The first step in the risk
management process is to
acknowledge the reality of risk.
Denial is a common tactic that
substitutes deliberate ignorance
for thoughtful planning.”