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 ...

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

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 ...

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 ...

• An appropriately crafted incentive structure for risk takers. While all of these things are important, they are not risk culture. They are either risk governance or risk process. They are vital ...

Discover risk financing methods to minimize costs, assess risks, and maintain business financial stability for long-term growth.

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 ...

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 ...