Risk Assessment

Refinery E&I

# Identified Risks referring to Action Risk Evaluation Risk rating Corrective actions required
Plan and KPIs Impact (I) Likelihood Overall risk
(1 – 3) (L) (I x L)
(1 – 3)
Lack of resources and accelerated
retirement of experienced members of
HR Function to make sure that adequate resources are given and to
1 the E&I Department 3 3 9 Extreme Risk
employ a prior succession plan for key posts.
(1-5) G1

Obsolete Vibration Monitoring System

2 of Turbine Generators 3 3 9 Extreme Risk Upgrading of the Vibration Monitoring System.
(1-5) G1
Obsolete PLC Based Control System of
Upgrading of the Control System of Diesel Generators.
3 Diesel Generators 2 3 6 High Risk
(1-5) G1
Unavailability of Computerized
Maintenance Management Software IT Function to coordinate with Refinery Maintenance Staff and
4 2 3 6 High Risk
(1-5) G1 ensure that necessary software are available

Less Reliability of existing Refinery

Control System Upgrading of the Refinery Control System with a DCS
5 3 3 6 High Risk
(1-5) G1

Lack of Staff knowledge on latest

Engineering Technology, Practices, Reduction of promoting internal rankers through partial external
6 Tools and Techniques 2 2 4 Medium Risk recruitment for technical grades along with exaggerated training and
(1-5) G1 certification of existing staff.

High Lead time in critical spares and

delay in procurement process Refinery Materials department to ensure necessary stocks are
7 2 2 4 Medium Risk
(1-5) G1 maintained and to address delay in procurement process.

Deteriorated printed version of

Drawings, information database on
8 1 2 2 Low Risk IT function to develop e-versions of necessary documents.
Instruments and systems
(1-5) G1

1 of 2
RISK RATING

1 / 2 = Low risk
Low risks are largely acceptable, monitor periodically to determine situation changes which may affect the risk, or after significant changes

3 / 4 = Medium risk
Medium risks at the upper end of this band should only be tolerated for the short-term and then only whilst further control measures to mitigate the risk are
being planned and introduced, within a defined time period.  Risks on the lower end should be reduced if practicable.  

6 = High risk
High risks activities should cease immediately until further control measures to mitigate the risk are introduced. The continued effectiveness of control
measures must be monitored periodically.

9 = Extreme Risk
Work should not be started or continued until the risk has been mitigated. Immediate action is required to reduce exposure. A detailed mitigation plan must
be developed, implemented and monitored by senior management to reduce the risk before work is allowed to commence.

2 of 2