Risk is everywhere, in everything we do. Realizing this fact, we
all must try to understand this "risk" and if possible to minimize
it. This book expands the conversation beyond failure mode and
effects analysis (FMEA) techniques. While FMEA is indeed a powerful
tool to forecast failures for both design and processes, it is
missing methods for considering safety issues, catastrophic events,
and their consequences. Focusing on risk, safety, and HAZOP as they
relate to major catastrophic events, Introduction to Risk and
Failures: Tools and Methodologies addresses the process and
implementation as well as understanding the fundamentals of using a
risk methodology in a given organization for evaluating major
safety and/or catastrophic problems.
The book identifies and evaluates five perspectives through
which risk and uncertainty can be viewed and analyzed: individual
and societal concerns, complexity in government regulations,
patterns of employment, and polarization of approaches between
large and small organizations. In addition to explaining what risk
is and exploring how it should be understood, the author makes a
distinction between risk and uncertainty. He elucidates more than
20 specific methodologies and/or tools to evaluate risk in a manner
that is practical and proactive but not heavy on theory. He also
includes samples of checklists and demonstrates the flow of
analysis for any type of hazard.
Written by an expert with more than 30 years of experience, the
book provides from-the-trenches examples that demonstrate the
theory in action. It introduces methodologies such as ETA, FTA, and
others which traditionally have been used specifically in
reliability endeavors and details how they can be used in risk
assessment. Highly practical, it shows you how to minimize or
eliminate risks and failures for any given project or in any given
work environment.
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