(54cm) Management Role in the Building Siting Evaluation

Kulkarni, J., Risktec Solutions
Simoes, V., Risktec Solutions
Smith, K., Risktec Solutions
Facility Siting Studies can be done using two approaches, one is the “Consequence-Based” and the other is the “Risk-Based”. Both approaches have their own limitations.

The “Consequence-Based” approach generally lead to conservative results that might require action such as building relocation or retrofit. Both of which can be expensive. Where-as “Risk-Based” approach takes into consideration numerical values for both the consequence and the frequency (likelihood) for a range of credible scenarios affecting the buildings. Results could then be compared with the acceptable risk criteria to provide a more realistic view of the possible impact to occupants within the buildings. This approach, as opposed to others, can minimize subjectivity while providing a more rational decision making process for the management. “Risk-Based” approach also provide an additional level of analysis for the management to validate the HAZOPs or What-If studies.

The results from the “Risk-Based” facility siting could be used by management in:

  1. Better understand and identify the major contributors to risk and focus the spending on them allowing the company to minimize the risk to an acceptable level;
  2. Risk transfer (insurance), allowing the company to determine and work on minimizing insurance premiums;
  3. Incident Management, determining the right emergency response plans and exercises for example;
  4. Land-use restrictions.
  5. Better understanding for the stakeholders.