Risk Management Simplified: A Definitive Guide For Workplace and Process Risk Management
By Sonni Gopal
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About this ebook
I have been involved with workplace and process risk management for over 30 years and I have always found the subject fascinating and rewarding. However, I am still surprised at the lack of deep understanding within Organisations about risk management. Regardless of Organisation size, many see it as just “managing risks” because it’s easier to explain and perhaps reactionary since it has the word “management”.
Risk management is more than just “managing risks”. Successful risk management requires a holistic approach based upon Elements that make up a Risk Management Framework.
Let’s pretend you are my Client and I’ve asked you these 7 questions:
1.Do you know the relationship between attitude and risk management?
2.Do you know how to control workplace and process risks?
3.Do you know the difference between hazard identification and risk assessment?
4.Do you know what or who is a risk owner?
5.Do you know what you are measuring for successful risk management?
6.Do you know what or when you are monitoring for risk management?
7.Do you know what to do when reviewing risk management?
Did you answer “YES” to all of them? If you did, you don’t need this book.
If you had even just one “NO” as an answer, this book is worth reading.
This is a reference book and not a novel. In this book, risk management is focused on workplace and process related risks. The approach and techniques can be applied for risk management generally.
My goal is to share valuable lessons learnt and my experience of getting risk management successfully embedded within your Organisation. My intended audiences are risk and safety management practitioners, trainers, managers, leaders in organisations and anyone interested in successfully managing risks.
Unfortunately, a book of this size can’t cover all the different ways of planning and delivering risk management. However, it can provide you with a stepping-stone for further exploration and development.
ABOUT THE AUTHOR
After graduating from the University of Bradford with a degree in Chemical Engineering, Sonni’s working career began as a Process Engineer in Research and Development (R&D).
With a career spanning over 30 years, Sonni has held senior-level leadership roles in major multi-national Organisations. He has worked in excess of 40 countries and has a portfolio associated with Clients in the chemicals manufacturing, waste and energy management sector.
Sonni led the development, implementation and external ISO14001 certification of the first (Globally) Engineering, Procurement, Construction and Commissioning (EPCC) project for BP, valued in excess of $4Bn.
Sonni holds the following professional qualifications:
●Fellowship: Institution of Chemical Engineers (FIChemE)
●Specialist Fellow: International Institute of Risk and Safety Management (SFIIRSM)
●Chartered Safety Practitioner: Member of Institute of Occupational Safety and Health (CMIOSH).
●Chartered Engineer: Institution of Chemical Engineers (CEng).
●Chartered Environmentalist: Institution of Chemical Engineers (CEnv).
●Certified Trainer: Level 3 Award in Education and Training, AET.
Sonni Gopal
I provide expertise in Workplace & Process Risk Management. I have supported Clients in the Energy, Chemical, Manufacturing and Waste Management Sectors.My qualifications include:? BEng (Hons) in Chemical Engineering (University of Bradford)? Fellow of The Institution of Chemical Engineers (FIChemE)? Specialist Fellow of International Institute of Risk and Safety Management (SFIIRSM)? Chartered Member of Institute of Occupational Safety and Health (CMIOSH).? Chartered Chemical Engineer: Institution of Chemical Engineers (CEng).? Chartered Environmentalist: Institution of Chemical Engineers (CEnv).? Level 3 Award in Education and Training (AET)
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Risk Management Simplified - Sonni Gopal
First edition published 2019
By Saferworking: Springfield House, Upper Basildon, RG8 8NT, United Kingdom).
Copyright © 2019, Sonni Gopal.
The right of Sonni Gopal to be identified as the author of this work has been asserted by him in accordance with Sections 77 and 78 of the Copyright, Designs and Patents Act 1988.
All rights reserved. No part of this publication may be reproduced or utilised in any form or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publisher. The contact form can be found on our website.
No responsibility is assumed by the publisher or author for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained on the material herein.
ISBN: 978-0-9549984-1-7 (eBook)
ISBN: 978-0-9549984-2-4 (pBook)
Table of Contents
Copyright and Disclaimer
About this Book
About the Author
Dedication
CHAPTER 1: BASELINE
Icons Used in this Book
Conventions and Assumptions
Book Logic
The ISO 31000 Risk Management Standard
Important Key Definitions
CHAPTER 2: THE RISK MANAGEMENT FRAMEWORK
Setting the Scene
Size Does Matter
What is Risk and the Risk Equation?
Hazard and Risk - What's the Difference?
What is Risk Management?
What is the Risk Management Framework
What Factors Influence Risk Management?
Why Manage Risks?
What Type of Risk Does this Book Focus On?
CHAPTER 3: RISK MANAGEMENT POLICY
Introduction to the Risk Management Policy
Risk Owners and Ownership
Developing a Risk Management Policy
CHAPTER 4: RISK MANAGEMENT PLAN
Introduction to the Risk Management Plan
Do you need a Risk Management Procedure?
ELEMENT 1: Risk Attitude
What's the Organisation's Risk Attitude?
Types of Risk Attitude
What motivates Risk Attitude?
The Importance of Risk Attitude and Motivators
Risk Attitude and Risk Tolerance
ELEMENT 2: Control
How Can We Control Risks?
What are Risk Control Measures?
Application of Risk Control Measures
ELEMENT 3: Hazard Identification and Risk Assessment (HIRA)
What is Hazard Identification and Risk Assessment (HIRA)?
What Does HIRA Involve?
Do you need a HIRA Procedure?
Information Sources for HIRA Reviews
STEP 1: Hazard Identification
Types of Hazards
What's Our Hazard Focus?
Techniques for Hazard Identification
Which HIRA Technique Should You Choose?
An Introduction to the HAZID Review Technique
Expectations from Hazard Identification Reviews
STEP 2: Risk Assessment
What is Risk Assessment?
Transposing Hazards into Risks
Developing Risk Assessment Criteria
Developing a Risk Assessment Matrix
Colourful Risk Assessment Matrix Limitations
The Quantitative Risk Assessment Matrix
How to Fine Tune Your Risk Assessment Matrix
Which Risk Assessment Matrix Should You Use?
Developing Your Risk Treatment Plan
ELEMENT 4: Actions Management
Criticality of Actions
What's Are Risk Registers?
Format for Risk Registers
Re-prioritising Risk Actions
Key Risk Indicators (KRI)
ELEMENT 5: Performance Improvement
What are Measure, Metric and KPI?
What Can You Measure?
Introducing Leading and Lagging Indicators
Developing Your Key Performance Indicators (KPI)
Selecting Risk Management Leading and Lagging KPI
How to Communicate KPI
Monitoring and Monitoring Frequency
ELEMENT 6: Reviewing
Why Review?
Auditing the Risk Management Framework
Author's Closing Thoughts
About this Book
I have been involved with workplace and process risk management for over 30 years and I have always found the subject fascinating and rewarding. However, I am still surprised at the lack of deep understanding within Organisations about risk management.
Regardless of Organisation size, many see it as just "managing risks" because it’s easier to explain and perhaps reactionary since it has the word management
.
Risk management is more than just "managing