Commitment and Mandate
- Policy statement
- Risk management and assurance plans
- Standards, procedures/ guidelines
We provide process safety and risk management services for various economic activities, with emphasis in those involving Dangerous Goods. We develop all elements of the Process Safety Management Standard and analyze all stages of the Risk Management System. Following the PDCA procedure (Plan, Do, Check, Act), we ensure successful implementation through an easy and simplified approach.
Commitment and Mandate
Communicate and train
Organise and Allocate
Measure and review
The successful development and implementation of the process safety management standard depends on the quality of its individual and interrelated elements.
Our major effort is focused on adjusting each individual element to the company’s needs and afterwards integrating them in an efficient and flexible way.
We develop and implement risk management systems (according to ISO 31000:2009, EN 31010:2010, ISO Guide 73:2009), for the petrochemical and chemical industry, as well as for dangerous goods transportation activities. Our fields of expertise include risk identification, analysis, evaluation and treatment.
Risk isthe effectof uncertaintyon objectives
We conduct detailed probability and frequency analysis based on statistical data and forecasting, while we use benchmarking techniques for validating our assumptions. Furthermore, we use simulation modelling for the estimation of injury factors (overpressure, toxic and thermal dose) and we calculate potential losses through probit equations. The final risk estimates include Individual Risk and Societal Risk.
The evaluation of the risk estimates is performed by comparing risk outcomes in terms of individual and societal risk, to certain acceptance criteria. Generally, a value less than one in a million for the Individual Risk is accepted, while three areas exist for the Societal Risk including ideal, ALARP and intolerable regions.
During the risk treatment stage, we select the most appropriate risk treatment options, by balancing the costs and efforts of implementation against the benefits derived, with regard to legal, regulatory and other requirements, such as social responsibility and the protection of natural environment. We understand that risk treatment itself can introduce risks due to the failure or ineffectiveness of the proposed measures. Therefore, it is essential to include monitoring in the risk treatment plan, in order to provide assurance that the measures remain effective.
Avoiding the risk by deciding not to start or continue with the activity that gives rise to the risk. Removing the risk source.
Changing the likelihood. Changing the consequences (impact).
Sharing the risk with another party or parties (including contracts and risk financing).
Retaining the risk by informed decision. Taking or increasing the risk in order to pursue an opportunity.