Process safety is about understanding hazards and risk, managing risk by providing the appropriate layers of protection to reduce the frequency and severity of incidents, and learning from incidents ...

The memorial for the Bhopal Gas Disaster is situated near the site of the Union Carbide Corp. factory, which on Dec. 2, 1984, was the site of a massive release of toxic chemicals, including methyl ...

The author describes why statistical significance would impose an unreasonable burden on manufacturers. Validation has been practiced within the global healthcare industry since the early 1970s. While ...

OCCUPATIONAL health and safety professionals understand the importance of effective risk management. This understanding, combined with the ability to implement risk mitigation strategies and tactics, ...

Process designs and control strategies can be improved by adopting a risk-based approach to product quality. The author describes how this approach can be applied to spray-drying operations. Taking a ...

We propose an approach for the modeling, monitoring and control of operational risk in financial institutions based on a methodology that integrates business process modeling with statistical and ...

The Pentagon has been leading a push to shift cyber risk management beyond static checklists and manual processes, the Diligent solutions leader says.

• An appropriately crafted incentive structure for risk takers. While all of these things are important, they are not risk culture. They are either risk governance or risk process. They are vital ...

If most midsize companies have a formal risk management process, why did so many fail even in pre-pandemic years? The problem is that risk heat maps — many companies’ primary tool for assessing risk — ...

Admiral William Gortney, commander of the North American Aerospace Defense Command (NORAD) and Northern Command, was recently discussing the threat posed by advanced Russian long-range conventional ...

LAST week we explored the minimum capital requirements under Pillar 1 of Basel III. This week, we will focus on the firm-wide risk management process and the role of supervisors, under Pillar 2, to ...