Implementation of a Quantifiable Risk Tolerance Program and it\\\\\\\'s resultant benefits.
Author 2: Scott Swanson, Author 1: Valdis (Val) Strazds; Author 4: James VanOmmeren, Author 3: Shakeel Kadri; Author 6: Heath Foott, Author 5: Niamh Donohoe
(Intel Corporation, Hillboro, OR, Air Products & Chemicals, Allentown, PA, Intel Corporation, Rio Rancho, NM, Intel Corporation, Leixlip, Ireland)
Implementation of a Quantifiable Risk Tolerance Program can be achieved via benchmarking of industrial peers, regulatory agencies, societal and existing system risks combined with the adoption of quantifiable risk assessment techniques (IE: Layer of Protection Analysis) with standardized likelihood and consequence definitions. Benefits of implementing such a program include: 1) Aligns ES&H expectations/requirements across organizations, factories and sites. 2) Provides management with data to prioritize resources for risk mitigation. 3) Sets quantifiable MAXIMUM risk tolerance (minimum required safety level) for process safety facilities design and controls 4) Applies quantifiable techniques to assist in determination of "what is safe enough." Note: This paper/presentation is based on work done in 2008/2009 successfully implementing a corporate wide program at Intel and will also highlight Air Products’ global Process Safety risk management history and performance as evidence of the benefits of implementing and maintaining an RTC program. Air Products initiated their risk management program in the late 1970’s and has become a world-recognized leader in the field of quantified risk management.