Risk

Control of risk is a pervasive issue in engineered processes. All Engineer-it strategies contibute to minimisig the risk of unsatisfactory outcomes. This is known as risk mitigation.

A common defininition of risk is: the combination of the likelihood of occurrence and the consequences of a hazard (i.e. a negative event i.e. a hazard.

A process for controlling risk is: First, identify the hazard; then use mitigation measures in this order of preference:

1. Take action to eliminate it
2. Seek to reduce the likelihood of the event
3. Seek to reduce the consequences should the event occur.

For example, in construction site safety, the hazard of people falling from a scaffold may be mitigated by:

1. Eliminate: Avoid using a scaffold; work from secure platforms on the inside of the building.
2. Reduce likelihood: Provide a barrier on the outside of the scaffold.
3. Reduce consequences: personnel attached by a safety line.Formal approaches to risk control inclued

What-if analysis is commonly used to identify hazards. The risk analysis team ask questions such as 'What if the control system fails?'

Formal approaches to risk control include:

Use of a risk register where the hazards are identified, quantified and mitigated

Hazard and operability analysis (HAZOP) - typically used for the design and operation of chemical plant.

Safety-criticial systems

The failure of a safety-critical system could result in loss of life, significant financial loss, damage to the environment, etc.

Safety-critical contexts arise in the development of drugs, in the flight control of aircraft, in construction of infastructure.

Safety culture

A safety culture is where all involved in the enterprise