(45b) Building Proactive Organizational Resilience Against Risk of Major Process Safety Incidents
AIChE Spring Meeting and Global Congress on Process Safety
2022
2022 Spring Meeting and 18th Global Congress on Process Safety Proceedings
Global Congress on Process Safety
Proactive Process Safety
Monday, April 11, 2022 - 4:00pm to 4:30pm
While general risk management practices are focused on facility/asset level risks, the ERM approach offers a broader perspective when evaluating risks faced by businesses. The approach is flexible, dynamic and cyclic in nature, and provides a structured solution to the constantly evolving business risk environment. The results are intended to provide company executives with âa boardroom previewâ of the risks faced and managed by the organization.
This presentation highlights the practical application of a six-step ERM framework when assessing, analyzing, and recommending mitigation measures to bridge gaps related to managing major process safety risks. In addition, a structured methodology for the development and utilization of key risk indicators intended for continuous monitoring of process safety risks at a corporate level will be shared. Lessons learned from conducting this exercise will be discussed with practical advice on how to overcome commonly faced barriers.
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