A tale of two Risk Management philosophies – Compliance vs. Analysis
Let’s discuss two risk management philosophies for refineries. One that relies completely on prescriptive regulations the other philosophy approaches risk from a consequence times frequency basis. Which philosophy will be easier to implement? Which philosophy will cost more overall? The ease of implementation and overall cost of two risk management philosophies for refineries, one relying … More A tale of two Risk Management philosophies – Compliance vs. Analysis