Risk: Difference between revisions

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Control of risk is a pervasive issue in engineered processes.  All Engineer-it strategies contibute to minimisig the risk of unsatisfactory outcomes.
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 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:
A process for controlling risk is: First, identify the hazard; then use mitigation measures in this order of preference:
 
First, identify the hazard; then in order of preference:


# Take action to eliminate it  
# Take action to eliminate it  
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# Seek to reduce the consequences should the event occur.  
# 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:


# Eliminate: Avoid using a scaffold; work from secure platforms on the inside of the building.
# Reduce likelihood:  Provide a barrier on the outside of the scaffold.
# 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?' 


What if analys people say o ideay what mi - the hazard. The hazard might be eliminated by having only robots working on the scaffold. <br> To reduce the likelihood a waist high barrier can be provided <br> To reduce the consequences of a fall the operators may be attached by a safety rope.on hteht go wrong in a system
Formal approaches to risk control include:


Formal approaches to risk control inclued
Use of a [[wikipedia:Risk_register|risk register]] where the hazards are identified, quantified and mitigated


Use of a [[wikipedia:Risk_register|risk register]] where the hazards are identified, quantified and mitigated
Hazard and operability analysis ([[wikipedia:Hazard_and_operability_study|HAZOP]])  - typically used for the design and operation of chemical plant.


Hazard and operability analysis ([[wikipedia:Hazard_and_operability_study|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
==== Safety culture ====
A safety culture is where all involved in the enterprise