It constitutes an important aspect when implanting an integrated risk management program. For some environments, such as the industrial sector, a truly thorough risks analysis must be performed in order to detect the possible consequences of a disaster on the community and the company’s operations.
The risk analysis process
The risk analysis process that we use consists of the 7 following steps :
- Identification of threats and hazard
- Estimating the probability of occurrence
- Identification of consequences
- Establishing the risk level
- Identification of preventive measures
- Identification of mitigation measures
- Implementation of a risk management plan
Types of risk analysis
Depending on the nature of your organization’s activities, we will use two types of risk analysis, namely qualitative or quantitative.
- Qualitative risk analysis favors a more perceptual approach and considers the organization’s values, experience, environment, and human resources.
- Quantitative analysis is an empirical method using statistical data, system failure probabilities and consequence probabilities.
When it is necessary to know the consequences of the release of a hazardous material such as ammonia or chlorine for example, or to know the effects of a propane tank explosion, we can produce a consequence study.
The study produced by a specialized engineer makes it possible to know the level of toxicity emitted during the release of a toxic produce or the thermal effects of the explosion of a flammable product.
Carried out with a recognized specialized software, the consequence study is an excellent tool which allows to quickly know what the impacts on the environment would be in case of an accident.
The study can be applied to fixed installations such as stationary tanks, or to any type of transporter, whether a tank truck or a tank car.
The consequence study, a must for a better knowledge of the consequences of your risks!