Portfolio Risk Management for Process Safety

Global Congress on Process Safety
2011 Global Congress on Process Safety
Global Congress on Process Safety
March 14, 2011 - 8:00pm

A majority of PSM tools and risk methodologies are focused on risks at individual sites or process units. For example, PHA risk ranking matrices are frequently cast in terms of consequences that occur at a plant level. However, corporations with many operating facilities need to find ways to understand and manage process risk across the entire enterprise. Effective management of process plant risks is likely to involve a mix of several strategies including risk avoidance, risk reduction, risk transfer (loss insurance) and risk retention (intentional and unintentional). In practice the mix will result from activities at a number of a number of levels within the firm, ranging from risk managers who deal with insurance aspects - probably on an aggregate corporate basis, to plant level engineers responsible for safe operation of section of individual plants. The paper discusses a framework for analysis of process facility risk which enables the mix of risk strategies to be evaluated and selected on a coherent basis at a variety of organizational levels.
Professional Development Hours
0.5 PDHs
You will be able to download and print a certificate for these PDH credits once the content has been viewed. If you have already viewed this content, please click here to login.

Would you like to access this content?

No problem. You just have to complete the following steps.

You have completed 0 of 2 steps.

  1. Log in

    You must be logged in to view this content. Log in now.

  2. Purchase Technical Presentation

    You must purchase this technical presentation using one of the options below.
    If you already purchased this content recently, please click here to refresh the system's record of ownerships.


Credits 0.5 Use credits
List Price $25.00 Buy now
AIChE Members $15.00 Buy now
AIChE Undergraduate Student Members Free Free access
AIChE Graduate Student Members Free Free access