Hazard and Risk Assessment in Other Industries

In recent years, a number of industries have adopted risk assessment as an element in their safety assurance process, in place of a purely prescriptive approach. The general approach can be used to assess various types of risk, including injury to personnel or to the environment or financial losses which have no safety implications but which may threaten business performance. A number of industries already include aspects of structural performance within risk assessments of their plant and operations; this may require only simple analysis or assumptions, but in some instances complex modelling is required. Risk assessment, howeves forms only one element in the overall safety assurance process and must be complemented by effective safety and quality management systems.

M.P. Cotton and J.R. Maguire