Through an effective safety and loss control program, an organization not only meets its moral and legal obligations to provide a safe and healthy workplace, it also delivers shareholder value and achieves financial objectives by preventing losses.
To deliver world-class performance, a company must develop and implement safety management processes that systematically identify and mitigate risks. Organizations that integrate risk management (assessment and mitigation) into their safety management processes are progressive in their approach to safety management, and are more likely to deliver sustainable safety performance.
This article outlines the basic concepts of risk, and provides a practical approach to proactively identify, assess and mitigate risks. Additionally, it ex-plains how risk assessment methodology can be integrated with continuous improvement methodologies such as six sigma and lean to drive continuous improvement in safety performance by reducing inherent risks in work systems or business processes.
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Looking for more?
Some of the OnePetro partner societies have developed subject- specific wikis that may help.
|PetroWiki was initially created from the seven volume Petroleum Engineering Handbook (PEH) published by the Society of Petroleum Engineers (SPE).
|The SEG Wiki is a useful collection of information for working geophysicists, educators, and students in the field of geophysics. The initial content has been derived from : Robert E. Sheriff's Encyclopedic Dictionary of Applied Geophysics, fourth edition.