Common strategies for risk responses are avoided, transfer, mitigate, and accept.Continue Reading

Some risks can be eliminated but not all risks can be avoided.Continue Reading

You have loss prevention in your business if you have any actions taken to reduce the number of hazards and mitigate risk in your organisation.Continue Reading

In order to eliminate the change of loss, risk control methods (from most effective to least) include: Elimination: removing the risk entirely Substitution: swapping an item or work process for a safer one (for instance, switching to an industrial cleaner that poses fewer respiratory risks) Engineering controls: modifications to the environment or equipment that poses...Continue Reading

Loss control (a.k.a. risk reduction) can either be effected through loss prevention, by reducing the probability of risk, or loss reduction, by minimizing the loss. Loss prevention requires identifying the factors that increase the likelihood of a loss, then either eliminating the factors or minimizing their effect.Continue Reading

The act of reducing severity by identifying the factors that aggravate or increase a loss and taking proactive measures to lessen the effects of those factors.Continue Reading

Loss Prevention techniques in hydrocarbon facilities are to prevent personal injury or loss of life, to protect the installation from fire, explosion, and operational safety hazards inherent to the facilities and Protection of the environment by early detection of hazardous conditions and the subsequent shutdown, vapour depressurizing, and ventilation of hydrocarbons. The design of loss...Continue Reading

Loss Prevention techniques in hydrocarbon facilities are to prevent personal injury or loss of life, to protect the installation from fire, explosion, and operational safety hazards inherent to the facilities and Protection of the environment by early detection of hazardous conditions and the subsequent shutdown, vapour depressurizing, and ventilation of hydrocarbons. The design of loss...Continue Reading

HAZOP can help to identify and solve the common operability issues such as maintenance, startup, isolations, etc. as it provides a rigorous and systematic check of the design in terms of safety, operability, and conformity to the standards.Continue Reading

HAZID report is a formal document to capture and record all the hazards, their causes, consequences safeguards, risk ranking, and any related findings discussed in the HAZID workshop. This also includes the methodology to conduct the study and its nodes and information reviewed in the workshop.Continue Reading