scholarly journals Risk Assessment and Management Workflow—An Example of the Southwest Regional Partnership

Energies ◽  
2021 ◽  
Vol 14 (7) ◽  
pp. 1908
Author(s):  
Si-Yong Lee ◽  
Ken Hnottavange-Telleen ◽  
Wei Jia ◽  
Ting Xiao ◽  
Hari Viswanathan ◽  
...  
Keyword(s):  
Risk Assessment ◽  
Quantitative Methods ◽  
Co2 Storage ◽  
Risk Control ◽  
Lessons Learned ◽  
Phase Iii ◽  
Risk Elements ◽  
Response Planning ◽  
Regional Partnership ◽  
Risk Assessment And Management

This paper summarizes the risk assessment and management workflow developed and applied to the Southwest Regional Partnership on Carbon Sequestration (SWP) Phase III Demonstration Project. The risk assessment and management workflow consists of six primary tasks, including management planning, identification, qualitative analysis, quantitative analysis, response planning, and monitoring. Within the workflow, the SWP assembled and iteratively updated a risk registry that identifies risks for all major activities of the project. Risk elements were ranked with respect to the potential impact to the project and the likelihood of occurrence. Both qualitative and quantitative risk analyses were performed. To graphically depict the interactions among risk elements and help building risk scenarios, process influence diagrams were used to represent the interactions. The SWP employed quantitative methods of risk analysis including Response Surface Method (RSM), Polynomial Chaos Expansion (PCE), and the National Risk Assessment Partnership (NRAP) toolset. The SWP also developed risk response planning and performed risk control and monitoring to prevent the risks from affecting the project and ensure the effectiveness of risk management. As part of risk control and monitoring, existing and new risks have been tracked and the response plan was subsequently evaluated. Findings and lessons learned from the SWP’s risk assessment and management efforts will provide valuable information for other commercial geological CO2 storage projects.

scholarly journals RISK CONTROL CLAUSES IN INSURANCE LAW: LAW REFORM AND THE FUTURE

2016 ◽  
Vol 75 (1) ◽  
pp. 109-127
Author(s):  
Baris Soyer
Keyword(s):  
Risk Assessment ◽  
Critical Analysis ◽  
Risk Control ◽  
Risk Prevention ◽  
Law Reform ◽  
Legal Regime ◽  
Insurance Law ◽  
Insurance Contracts ◽  
Potential Impact ◽  
Risk Assessment And Management

AbstractRisk control clauses are often used in insurance contracts with a view to preventing the assured from altering the risk during the currency of the policy. An insurance warranty is the most commonly used risk prevention clause in practice. Having been subjected to severe criticisms for years, the legal regime concerning insurance warranties and other risk control clauses has recently been revamped by the Insurance Act 2015, which will apply to all contracts of insurance concluded after 12 August 2016. This article intends to elaborate on the appropriateness of the reforms introduced by the 2015 Act from risk assessment and management perspectives. It is also intended to offer a critical analysis on the potential impact of the changes on insurance law and practice.

scholarly journals CONCEPTUAL APPROACHES TO CREATING A RISK-BASED BUDGET CONTROL SYSTEM

2018 ◽  
pp. 57-66
Author(s):  
Iryna NEDBALIUK
Keyword(s):  
Risk Assessment ◽  
Control System ◽  
Quantitative Methods ◽  
Negative Consequences ◽  
Qualitative And Quantitative ◽  
Response Planning ◽  
Risk Management Process ◽  
Budget Control ◽  
Budgetary Control ◽  
Oriented System

Introduction. The current state of the development of the budgetary system is characterized by a number of controversial and uncoordinated moments that increase the possibility of the emergence of budgetary risks and require minimization of possible budget losses associated with the existence of budgetary risks through the formation of a risk-based budget control system. Purpose. Formulation of conceptual approaches to the creation of a risk-oriented system of budgetary control. Results. The article defines the notion of “budget risk” and analyzes the risk factors of the budget system depending on the stage of the budget process. The components of the risk management process are determined, including identification, qualitative and quantitative risk assessment, risk response planning, risk monitoring and control. A risk-based budget control system has been established, it should focus on minimizing the negative consequences of risk in accordance with the above risk classification; identification of budgetary risks at the planning stage, formation and approval, execution and analysis of the latter's results; risk assessment by qualitative and quantitative methods. Conclusions. On the basis of the definition of the concept of “fiduciary risk” and its main characteristics, it is possible to distinguish conceptual approaches to the creation of a riskoriented system of budget control, which include: – firstly, the analysis of the risk factors of the budgetary system depending on the stage of the budget process; – secondly, compliance with the risk management process, including identification, qualitative and quantitative risk assessment, risk response planning, risk monitoring and control; – thirdly, the formation of a risk-oriented system of budgetary control, which should be guided by the minimization of the negative consequences of the risk in accordance with the above classification of risk; identification of budget risks at the planning, formation and approval stage, implementation and analysis of the results of the latter; Assessing the level of risk by qualitative and quantitative methods, including monitoring and risk assessment at national and local level. Thus, the introduction of a risk-oriented system of budgetary control is not aimed at eliminating the consequences of negative external and internal influences, but to prevent their occurrence will reduce the negative consequences of violations in the system of budgetary control.

UPAYA MEMPERTAHANKAN ERGONOMIK DAN PENCEGAHAN HAZARD PSIKOSOSIAL

2020 ◽  
Author(s):  
Lasdo Sevliyanti Tambunan
Keyword(s):  
Risk Assessment ◽  
Risk Control

Kegiatan di Rumah Sakit memiliki risiko berasal dari faktor fisik, kimia, biologi, ergonomi dan psikososial, variasi, ukuran, tipe dan kelengkapan Rumah Sakit menentukan tingkat risiko K3. Sumber bahaya yang ada di Rumah Sakit harus diidentifikasi dan dinilai untuk menentukan tingkat risiko, yang merupakan tolak ukur kemungkinan terjadinya kecelakaan akibat kerja dan penyakit akibat kerja. Kesehatan kerja merupakan suatu unsur kesehatan yang berkaitan dengan lingkungan kerja dan pekerjaan, yang secara langsung maupun tidak langsung dapat memengaruhi efisiensi dan produktivitas kerja. Sedangkan, keselamatan kerja merupakan suatu sarana utama untuk mencegah terjadinya kecelakaan kerja yang dapat menimbulkan kerugian berupa luka atau cidera, cacat atau kematian, kerugian harta benda, kerusakan peralatan atau mesin dan kerusakan lingkungan secara luas.Pada hakekatnya Keselamatan dan Kesehatan Kerja (K3) merupakan suatu usaha untuk menciptakan perlindungan dan keamanan dari berbagai risiko kecelakaan dan bahaya, baik fisik, mental maupun emosional terhadap pekerja, perusahaan, masyarakat dan lingkungan. Disamping itu, keselamatan dan kesehatan kerja diharapkan dapat menciptakan kenyamanan kerja dan keselamatan kerja yang tinggi.Bahaya (Hazard) adalah kondisi/keadaan pada suatu proses, alat, mesin, bahan atau cara kerja yang secara intrinsik / alamiah dapat menjadikan luka, cidera bahkan kematian pada manusia serta menimbulkan kerusakan pada alat dan lingkungan. Metode penulisan yang digunakan ialah dengan metode deskriptif. Dimana dilakukan dengan teknik pengumpulan data atau informasi dengan melakukan analisis, eksplorasi, kajian bebas (literatur review) yang relevan yang berfokus pada tema. Hasil yang dapat diperoleh yaitu, Upaya pengendalian bahaya ergonomi yaitu aktivitas kerja melakukan restrain, memandikan pasien, dan mengganti pakaian pasien adalah memahami SOP/SPO dalam melakukan pekerjaan. Dan Upaya pengendalianBahaya psikososial adalah menghindari rasa takut pada pekerjaan yang membuat PSIKOLOGI terganggu pada saat bekerja sehingga mengakibatkan penyakit akibat kerja dan kecelakaan kerja. Jadi, Identifikasi Bahaya (Hazards Identification), Penilaian Risiko (Risk Assessment) dan pengendalian Risiko (Risk Control) atau yang disingkat HIRARC merupakan suatu elemen pokok dalam sistem manajemen Keselamatan dan Kesehatan Kerja yang berkaitan dengan upaya pencegahan dan pengendalian bahaya.

How India Fights with COVID-19 with Learning from Highly Affected Countries

2020 ◽  
Vol 15 ◽  
Author(s):  
Pooja Sharma ◽  
Karan Veer
Keyword(s):  
Risk Assessment ◽  
Gene Sequencing ◽  
Lessons Learned ◽  
World Health ◽  
Global Risk ◽  
The World ◽  
Global Risk Assessment ◽  
Health Organization ◽  
Very High ◽  
Breathing Problem

: It was 11 March 2020 when the World Health Organization (WHO) declared the name COVID-19 for coronavirus disease and also described it as a pandemic. Till that day 118,000 cases were confirmed of pneumonia with breathing problem throughout the world. At the start of New Year when COVID-19 came into knowledge a few days later, the gene sequencing of the virus was revealed. Today the number of confirmed cases is scary, i.e. 9,472,473 in the whole world and 484,236 deaths have been recorded by WHO till 26 June 2020. WHO's global risk assessment is very high [1]. The report is enlightening the lessons learned by India from the highly affected countries.

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