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Risk Management

Managing risk is of paramount importance for business continuity and the realization of profit potential. We help companies identify operational and project-related risks, using the various approaches:

Hazard Assessment and Risk Control

Hazard Identification

  • This involves carrying out a Critical Appraisal of all Routine and Non-Routine Business Activities. People exposed to a particular Hazard may include Employees, Members of the Public, Contractors and users of the Company’s Products and Services.
  • In the simplest cases, Hazards can be identified by Observation. In more complex cases, measurements such as Air Sampling or Examining the methods of machine operation may be necessary to identify the presence of Hazards from Chemicals or Machinery. In the most Complex or High-Risk Cases (for example, in the Chemical or Nuclear Industry) Special Techniques and Systems may be needed such as Hazard and Operability Studies (HAZOPS) and Hazard Analysis Techniques such as event or Fault-Tree Analysis.

Risk Assessment

  • Assessing Risks to help determine Workplace Precautions can be Qualitative or Quantitative. In the simplest cases, reference can be made to Specific Legal Limits, which are contained within HSE Guidance Documents for a Particular Client or Company. In more Complex Situations, it may be necessary to make Qualitative Judgments within a Framework set by Relative Standards that need to be complied with.

Risk Control

  • When Risks have been Analyzed and Assessed, Decisions can be made about Appropriate Workplace Precautions.
  • All Final Decisions about Risk Control Methods must take into account the relevant Legal Requirements, which Establish Minimum Levels of Risk Prevention or Control
  • Many requirements are, however, qualified by the words, ‘so far as is reasonably practicable’, or ‘so far as is practicable’. These require an Assessment of Cost, along with Information about the Effectiveness and Reliability of different Control Measures.

OSALP team of Experienced Risk Assessors can carry out both Qualitative Risk Assessments and Assessments based on Quantitative Methods.

In addition, HAZOPS, HAZIDS and Assessments using Probabilistic Modeling can be undertaken. Often, it is more appropriate to Train In-House Personnel to undertake Risk Assessment. In this case, we can help develop a System for use within your Organization, and then train people to use the System.

OSALP International