Risk Management – Global Approach, Local Solutions

Systematically and consistently identifying risks is the critical first step in managing Process Safety. In designing a new processing facility, or managing risk in an existing facility, ranking of the relative risks allows companies to focus their resources on potential improvements which could have the biggest impact on reducing their overall risk. Chevron's approach qualitatively evaluates risks to safety, the environment and health. Relative prioritization of these risks within a plant, within a business segment or across the enterprise provides a sound basis for Process Safety improvement.

This paper will present an overview of this global approach, a comparison to Brazilian regulatory requirements and some specific examples of risk reduction in a chemical plant.