Application of Risk Analysis II

Risk analysis is applied in the chemical process industries to better understand risks posed and allocate and prioritize resources. Techniques range from the qualitative, to semi-quantitative, to fully quantitative and financial. Risk analysis is applied to both fixed facilities and to transportation and distribution activities and helps to define the frequency and consequence of potential episodic process safety events. This session focuses on the application of risk analysis techniques, methods and tools to address real world problems through case studies and specific examples. The session will incorporate two perspectives – that of company or site management seeking to make better risk-based decisions, and that of process safety and risk specialists selecting from and applying the most effective techniques and tools to evaluate and communicate risks as they advise management and business leaders.