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.
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: Design Bid Build, Design Build and Operate, Quantitative Risk Assessments, water treatment process
Category: Optimum Risk Estimates, Risk management