Fundamentals of Risk Management for Process Industry Engineers,
Edition 1
By Maureen Hassall and Paul Lant
Publication Date:
21 Apr 2023
Description
Fundamentals of Risk Management for Process Industry Engineers outlines foundational principles of human-centered, sociotechnical risk management, and how they can be applied to deliver real improvements in risk identification, understanding, analysis, control, communication, and governance. To maximize sustainable competitiveness requires the identification and optimization of the range of risks that can impact a business. Hence, understanding the foundational principles of sociotechnical risk management is required to design and execute effective risk identification, optimization, and management strategies.
Key Features
- Covers the foundations of risk management
- Explains how risk management and professional engineering practice are interrelated
- Describes the role and importance of humans in risk management activities
- Discusses the fundamentals surrounding how to identify, assess, treat, monitor, and review risks in high hazard industries
- Presents the range of operational risks faced by process companies, including safety and health, environmental and social risk, project risk, and supply chain risk
About the author
By Maureen Hassall, Associate Professor, University of Queensland, Australia and Paul Lant, Professor, The University of Queensland, Australia
Table of Contents
SECTION A – INTRODUCTION
1. Risk in the process industries
1.1 Introduction to risk in the process industries
1.2 What is risk?
1.3 Why is risk management so important?
1.4 What types of risk should engineers consider?
1.5 Case studies of engineering decisions
1.6 Summary
SECTION B – THE FOUNDATIONS
2. Fundamentals of risk management
2.1 Introduction to risk fundamentals
2.2 The risk management process
2.3 The risk language
2.4 A brief history of risk management
2.5 Two approaches of modern risk management
2.6 Case studies illustrating two approaches to risk management
2.7 Who is responsible for risk management
2.8 Summary
3. Professional practice
3.1 Introduction
3.2 What is professional practice?
3.3 What is a professional engineer?
3.3.1 Ethics
3.3.2 Competence
3.3.3 Performance
3.4 Obligations, accountabilities and responsibilities
3.4.1 Legal and regulatory obligations
3.4.2 Accountabilities
3.4.3 Responsibilities
3.5 Summary
4. Humans and risk
4.1 Introduction
4.2 The role of humans – risk analysers, controllers and perceivers
4.2.1 Risk perceivers
4.2.2 Risk analysers
4.2.3 Risk controllers
4.3 Risk communication
4.4 The human decision making process
4.4.1 Situation awareness
4.4.2 Decision making strategies
4.4.3 Performance
4.5 Summary
SECTION C – KEY RISK MANAGEMENT ACTIVITIES
5. Identify, assess and treat risks
5.1 Introduction
5.2 Establish the context
5.3 Risk assessment
5.3.1 Risk identification theory
5.3.2 Risk analysis theory
5.3.3 Risk evaluation, tolerable risk and ALARP
5.3.4 Risk assessment techniques and tools
5.3.5 The risk register
5.4 Risk treatment and management
5.4.1 Overview of risk treatment
5.4.2 Unwanted event identification
5.4.3 Selection and optimization of risk controls
5.4.4 Bowtie analysis
5.4.5 Management of controls
5.5 Summary
6. Monitor and review risk management
6.1 Introduction
6.2 Why perform event investigations?
6.3 Purpose and theory behind investigations
6.4 Incident investigation techniques and application considerations
6.4.1 Timeline
6.4.2 Five whys analysis
6.4.3 Fishbone
6.4.4 HFACs
6.4.5 Bowtie analysis
6.4.6 Accimap
6.4.7 SAfER
6.5 Integration of learning back into the business
6.6 Summary
SECTION D – THE OPERATIONAL RISKS
7. Safety & Health
8. Project Risk
9. Environmental & Social Risk
10. Supply Chain Risks
SECTION E – CLOSING
11. Achieving Sustainable Operational Excellence
1. Risk in the process industries
1.1 Introduction to risk in the process industries
1.2 What is risk?
1.3 Why is risk management so important?
1.4 What types of risk should engineers consider?
1.5 Case studies of engineering decisions
1.6 Summary
SECTION B – THE FOUNDATIONS
2. Fundamentals of risk management
2.1 Introduction to risk fundamentals
2.2 The risk management process
2.3 The risk language
2.4 A brief history of risk management
2.5 Two approaches of modern risk management
2.6 Case studies illustrating two approaches to risk management
2.7 Who is responsible for risk management
2.8 Summary
3. Professional practice
3.1 Introduction
3.2 What is professional practice?
3.3 What is a professional engineer?
3.3.1 Ethics
3.3.2 Competence
3.3.3 Performance
3.4 Obligations, accountabilities and responsibilities
3.4.1 Legal and regulatory obligations
3.4.2 Accountabilities
3.4.3 Responsibilities
3.5 Summary
4. Humans and risk
4.1 Introduction
4.2 The role of humans – risk analysers, controllers and perceivers
4.2.1 Risk perceivers
4.2.2 Risk analysers
4.2.3 Risk controllers
4.3 Risk communication
4.4 The human decision making process
4.4.1 Situation awareness
4.4.2 Decision making strategies
4.4.3 Performance
4.5 Summary
SECTION C – KEY RISK MANAGEMENT ACTIVITIES
5. Identify, assess and treat risks
5.1 Introduction
5.2 Establish the context
5.3 Risk assessment
5.3.1 Risk identification theory
5.3.2 Risk analysis theory
5.3.3 Risk evaluation, tolerable risk and ALARP
5.3.4 Risk assessment techniques and tools
5.3.5 The risk register
5.4 Risk treatment and management
5.4.1 Overview of risk treatment
5.4.2 Unwanted event identification
5.4.3 Selection and optimization of risk controls
5.4.4 Bowtie analysis
5.4.5 Management of controls
5.5 Summary
6. Monitor and review risk management
6.1 Introduction
6.2 Why perform event investigations?
6.3 Purpose and theory behind investigations
6.4 Incident investigation techniques and application considerations
6.4.1 Timeline
6.4.2 Five whys analysis
6.4.3 Fishbone
6.4.4 HFACs
6.4.5 Bowtie analysis
6.4.6 Accimap
6.4.7 SAfER
6.5 Integration of learning back into the business
6.6 Summary
SECTION D – THE OPERATIONAL RISKS
7. Safety & Health
8. Project Risk
9. Environmental & Social Risk
10. Supply Chain Risks
SECTION E – CLOSING
11. Achieving Sustainable Operational Excellence
Book details
ISBN:
9780128203200
Page Count: 366
Retail Price
:
£118.00
9780128044285; 9781856177764; 9780081012284
Audience
Final year undergraduate students, Masters students, industry practitioners doing professional development
