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HSE Risk Management

HSE management system is a proactive process for incidents prevention as well as reactive monitoring of performance. Risk assessment will be applied to all the activities that impacts on health & safety, production, asset, environment and reputation. The systematic approach of managing HSE risk will aid to prevention of any incidents and losses to an organization. Any kind of activities in an organization involves HSE risks that has to be managed. The HSE risk management process will guide us to make decisions by taking account of uncertainties and the possibility of future events having effect on agreed objectives. The assessment and control of risk are will ensure the proactive HSE management.

Why

  • To identify the HSE Risks involves in the achievement of company objective
  • Assess the impact and likelihood of the risks
  • To facilitate effective, economic, efficient and safe operations

Methodology

The HSE Risk Management will be applicable throughout the organization and to the complete range of activities, including strategies and business decisions, operations, processes, functions, projects, products, services and assets.

HSE risk management process comprises of systematic methods with communicating and consulting throughout the process, establishing the context of risks, overall process of identifying the risks, analyzing and evaluating the risk rating, identifying the control measures to treat the risk, monitoring and reviewing of risks and finally register the risks to generate report & recording the results.   

HSE risk management comprises of various safety studies which can be done based on the methodology given above. The management of risk will be studied in various aspect with respect to the project scope and facilities involved. Some of the studies are listed below with an example;

  • HAZOP
  • HAZID
  • FEMA
  • “What if” Analysis
  • Safety audits
  • Safety reviews

Risk Management Studies

Quantitative Criteria

  • Location specific individual risk
  • Individual risk levels
  • Societal or aggregated risk levels (Expressed in F-N Curve)
  • Level of the risks (Resulting Thermal Radiation)

Qualitative Criteria

Risk Assessment Matrix:

The Risk Assessment Matrix is a tool that standardizes qualitative risk assessment, facilitates the Qualitative categorization of HSE risks used for prioritization of activities and resources. The matrix axes, consistent with definition of risk, are Consequences (Impacts) and Probability (Likelihood).

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