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Articles tagged with: Risk management

High risk capital projects: inherent vs. imposed risk

Peter Kalish,
Many capital projects involve high risk. Peter Kalish explains an important distinction between inherent and imposed risk.

The revolution in product design that has occurred over the past three decades has been a boon to clients, but a headache for capital project teams. Systems demand tighter tolerances, use more complex advanced materials, and must meet higher performance requirements. Temperatures are higher, materials are more hazardous, ambient environments...

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Changes to OSHA’s Process Safety Management Standard and USEPA’s Risk Management Program

How Modified Guidance and Revised Regulations May Affect Your Facility

In the March 14, 2016 Federal Register, USEPA proposed significant revisions to its accidental release prevention requirements, often referred to as the Risk Management Program (RMP) (40 CFR Part 68). This proposed rule follows a 2014 Request for Information in which USEPA proposed a number of significant changes to the RMP rule, which was first...

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