Posts Tagged ‘risk assessment’
4 Reasons Why Incident Investigation and Reporting is Important
Estimated reading time: 5 minutes “The main objective of an investigation is prevention. A good investigation aims to establish a series of events that should have taken place and compares it to what actually happened to identify areas that need changing.” There are hazards in all workplaces; risk control measures are established…
Read MoreWhat is the Project Risk Management Process?
Estimated reading time: 5 minutes Projects involve many risks such as cost risks, schedule risks and resources risks. Hence as a project manager, you need to be aware of any and all risks that could affect your project. Risk management is not a reactive approach, but a proactive approach that should be part…
Read MoreThe 4 Most Common Risk Mitigation Strategies
Estimated reading time: 5 minutes Project risk management is defined as the process of identifying, analyzing and then responding to any risk that arises over the life cycle of a project to help the project remain on track and meet its goal. Managing project risks is a process that includes risk identification and assessment,…
Read More4 Tips to Improve Well Integrity Management
Estimated reading time: 4 minutes Since 2009 to 2015, it has been estimated that poor well integrity has cost operators around the world more than US$75 billion. Factors such as the drop in oil prices and low margins are making operators sensitive to such risks. As a result, more emphasis is being placed on…
Read More3 Tips for A Successful HAZOP Study
Estimated reading time: 5 minutes What is HAZOP? A Hazard and Operability (HAZOP) study is a structured and systematic risk management technique for existing process or operation. It is used to identify and evaluate risks to personnel or equipment. HAZOP is often used as a technique for identifying potential design and engineering issues that…
Read MoreManaging EPC Contracts
Estimated reading time: 6 minutes There are several key success factors to manage EPC contracts. These types of contract are often referred to as Engineering, Procurement and Construction (EPC) contracts or Turnkey contracts. A properly drafted EPC contract ensures the contractor have limited ability to bring claims for extensions of time and additional cost. Organisations are…
Read MoreEssential Safety Principles for Lifting Operation
Working with cranes poses many hazards, and unsafe working practices can result in injuries, fatalities and costly damage to materials. For example, machinery can injury people through various ways: crushing, cutting, shearing, puncturing abrading, burning, tearing and stretching, while the most common injuries are amputation, crushing, electric shock, hearing loss and ill health from…
Read MoreSubsea Pipeline Pre-Commissioning Activities
Estimated reading time: 4 minutes Pre-commissioning is generally considered to include the preparation and integrity verification or structure upon completion of construction/installation and prior to commissioning. Pre-commissioning includes all or the combination of operations to allow the pipeline or system to be cleaned, internally gauged pressure tested and dewatered and/or dried. Sometimes there can…
Read MoreKey Principles in Integrating Human Factors in Risk Assessment
Estimated reading time: 4 minutes Human factors play a huge role in Major Hazard Installations (MHIs) and when dealing with health and safety, human factors help optimise human performance and reduce human errors. MHIs ought to take the initiative to manage human errors, through the risk assessment process. The challenge is to develop error…
Read More