(77a) Challenges in Developing and Implementing Safety Risk Tolerance Criteria

Frank, W. L., Frank Risk Solutions, Inc.

Risk quantification can help in understanding and managing risk. Establishing quantitative risk criteria can be a key component to risk decision-making and many companies use quantitative risk criteria, either formally or informally. The Center for Chemical Process Safety issued its guidance on developing quantitative safety risk criteria in 2009 ? CCPS Guidelines for Developing Quantitative Safety Risk Tolerance Criteria. This paper addresses some of the ore common challenges in developing and implementing safety risk tolerance criteria.


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