Water Treatment Process And Plants Quantitative Risk Assessments

Water Treatment Process And Plants Quantitative Risk Assessments

Jul 11th, 2018

Riskope’s experience on Water Treatment Process And Plants Quantitative Risk Assessments is growing.

Water Treatment Process And Plants Quantitative Risk Assessments

Over the last six years we have performed at least 1-2 such studies per year, covering a wide scope of work, mostly for mining clients.

Examples of Water Treatment Process And Plants Quantitative Risk Assessments in Mining

  • Review of big picture hazards and risks impinging on a Mining Water Treatment Plant project. These include, but are not limited to:
    • Natural hazard around the operation and transportation corridor;
    • Accidents involving hazardous matters transportation and finally
    • Technological and human hazards.

Benefits: Riskope study alert owners on site specific hazards and preventative measures.

  • Risk Assessment Independent Peer review, quantification of residual risks (residual risk assessment), for example:

Riskope’s studies include careful interdependencies and Common Cause Failure (CCF) analyses.

Benefits: Riskope’s studies guide the final decision on mitigation, indicated the efficiency of various lines of monitoring and mitigation. Typical risk informed decisions bear on the possible inclusion of buffer ponds, additional instrumentation, enhanced redundancies. Staff skill empowerment and training evaluation come as an additional benefit.

  • Project and contractual risk assessment of alternative project delivery systems including Design Build and Operate (DBO) and the traditional Design Bid Build (DBB). Riskope studies allowed negotiation on the risk-transferring, risk-sharing conditions, contingencies, etc.

Benefits: clarity on contractual risk transfers, sharing of risks, Force Majeure, and overall value of opportunity.

Peculiarities of Water Treatment Process And Plants Quantitative Risk Assessments

Riskope’s Water treatment Process and Plants quantitative risk assessments have, among others, the following peculiarities. Riskope’s approach:

  • Asks for the definition of a success and failure criteria, key to the development of a sensible assessment leading to sustainable risk informed decision making, tactical and strategic planning.
  • Transparently and quantitatively includes the effects of automation and human sampling, monitoring allowing the evaluation of human error and the need for training.
  • Includes system’s inter-dependencies and common-cause failures (CCF) which are not measured in common practice approaches like FMEA.
  • Informs and guides the selection of mitigation and defences allowing to increase the RoI of projects. Finally, it
  • allows to include lesson learned, easy updates and future analyses.

Tagged with: , , ,

Category: Optimum Risk Estimates, Risk management

One response to “Water Treatment Process And Plants Quantitative Risk Assessments”

  1. coimbatore architects says:

    Oh my goodness! Impressive article dude! Thanks, However I
    am having issues with your RSS. I don’t know why I cannot
    subscribe to it. Is there anyone else getting the same RSS issues?
    Anyone who knows the solution can you kindly respond? Thanks!!

Leave a Reply

Your email address will not be published. Required fields are marked *

Riskope Blog latests posts

  • Wells Fargo judgement and Tailings risks
  • 1-02-2023
  • We thought of Wells Fargo judgement and Tailings risks in follow-up to the recent judgement against a number of bank’s…
  • Read More
  • Prefeasibility hazard adjusted NPV
  • 25-01-2023
  • A mining company asked us to perform a Prefeasibility hazard adjusted NPV evaluation. Our action first focused on bringing clarity…
  • Read More
  • OpenAI’s ChatGPT applied to tailings dams and associated risks
  • 11-01-2023
  • As everyone else, we got excited about the new ChatGPT so we tried OpenAI’s ChatGPT applied to tailings dams and…
  • Read More
  • Get in Touch
  • Learn more about our services by contacting us today
  • t +1 604-341-4485
  • +39 347-700-7420

Hosted and powered by WR London.