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 ...

Most enterprises clearly identify managing third-party risk as a priority, but in too many instances, it’s a priority in name ...

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 ...

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 ...

The author describes why statistical significance would impose an unreasonable burden on manufacturers. Validation has been practiced within the global healthcare industry since the early 1970s. While ...

OCCUPATIONAL health and safety professionals understand the importance of effective risk management. This understanding, combined with the ability to implement risk mitigation strategies and tactics, ...

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 ...

The Joint Commission offers seven steps to help organizations assess risks in Joint Commission Online. Click here to read the full story on the seven-step risk assessment in Becker’s ASC Review.

• 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 ...