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 ...

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 ...

In-silico design facilitates process optimization and evaluation of process control strategies. The pharmaceutical industry has recognized the value of implementing a systematic approach to drug ...

Discover essential risk assessment methods, including qualitative and quantitative analyses, to make informed investment ...

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 ...

The world has changed significantly in the past two years, and so have the rules around assessing cyber security risk. A combination of greater digital business penetration, a wider array of risks, ...

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 ...