8th semester Industrial Safety Engineering Presentation

on
INDUSTRIAL RISK
Presented by

Akash Chowdhary (200610002003)

Reetu Polo Phukan (200610002053)
Dhritishmita Baruah
(200610002021)
Priyanshu Permey (200610002049)
Birendra Panging (200610002017)
Kaushik Doley (200610002029

Department Of Mechanical Engineering

Assam Engineering College,Jalukbari
Session-2024
 INTRODUCTION
What is Industrial Risk?
• Industrial risk refers to the potential for harm or loss
arising from industrial activities.
• It encompasses a wide range of hazards, including but
not limited to accidents, environmental damage,
financial loss, and harm to human health.
 Components of Industrial Risk
• Physical Hazards: Accidents, fires,
explosions, chemical spills, etc.
• Environmental Hazards: Pollution, emissions,
waste disposal, habitat destruction, etc.
• Economic Risks: Financial losses, market
fluctuations, regulatory fines, etc.
• Social and Human Risks: Worker safety,
public health, community impacts, etc.
 Types of Industrial Risk
• Operational Risk: Arises from day-to-day operations and processes within an industrial
facility.
• Technological Risk: Associated with the use of technology and complex systems in industrial
processes.
• Natural Hazard Risk: Stemming from natural phenomena like earthquakes, floods, storms,
etc., impacting industrial sites.
• Human Factor Risk: Resulting from errors, negligence, or misconduct of employees or
stakeholders.
• Regulatory Risk: Pertaining to non-compliance with industry regulations and standards.
• Supply Chain Risk: Risks originating from dependencies on suppliers, logistics, or market
fluctuations.
 Industrial Risk Management
• Risk Identification: Assessing potential hazards and vulnerabilities within
industrial operations.
• Risk Assessment: Evaluating the likelihood and severity of identified risks.
• Risk Mitigation: Implementing measures to reduce or eliminate risks.
• Risk Monitoring: Continuously monitoring and updating risk management
strategies.
• Emergency Preparedness: Developing plans and procedures to respond
effectively to emergencies.
• Compliance and Governance: Ensuring adherence to relevant regulations and
standards
 RISK PROFILE
What is a Risk Profile?
A risk profile is a quantitative analysis of the types of threats an organization, asset, project or individual
faces.

The objective of constructing a risk profile is to offer an objective comprehension of risk through the
assignment of numerical values to variables denoting different types of threats and their associated hazards.

Each organization possesses its distinct risk profile, determined by the assets it aims to safeguard, its
objectives, its capacity to manage risks, and its readiness to confront them.

Organizations use risk profiles to align their strategy and actions with their risk appetite, that is, the level of
risk they are willing to accept after the relevant controls have been put in place.
A risk profile encompasses:

• Evaluating the types of threats an organization encounters while pursuing its goals.
• Assessing the potential negative effects these threats could have on the organization.
• Determining the likelihood of these threats causing harm.
• Identifying the potential disruptions resulting from these threats.
• Estimating the costs associated with different risks.
• Examining the existing measures and controls in place to handle or reduce these risks effectively.
 What types of risk should be accounted for?
Strategic Risks: These are risks related to big-picture stuff like new competition, technology changes, o
shifts in what customers want.

Operational Risks: These are problems that can mess up the day-to-day running of the business, like
supply chain issues, staffing problems, or equipment breakdowns.

Financial Risks: These involve money problems like cash flow issues, not having enough cash on hand,
or changes in interest rates.

Compliance and Legal Risks: These are about following rules and laws, like new regulations affecting
the business, getting fined for breaking rules, or facing lawsuits
 How to create a risk profile?
Understand Your Risk Limits: Figure out how much risk your organization can handle and what level o
risk you're comfortable with.

Identify Risks: Think about all the things that could go wrong in your business, like competition,
equipment breaking, or financial issues.

Rate the Risks: Decide which risks are the most serious and how likely they are to happen. You can ma
a chart to help you see this visually.

Organize the Risks: Group the risks by different categories like departments, locations, or goals.

Present the Risks: Make a document or a presentation that explains the risks clearly so everyone can
understand them and make decisions based on them.
 RISK ASSESSMENT PROCESS
Risk assessment is the process of identifying, analyzing, and
evaluating potential risks or hazards that may affect the
objectives of a project or organization.
Reasons for Performing Risk assessment:
• Identifying sources of risks

• Assessing the severity and extent of adverse effects

• Identifying workers at risk

• Creating awareness about risks

.
 • Under taking measures against the risk

• Targeting preventive, management and control measures

• Putting various risks into perspective and priority ranking

• If the conditions of work are substantially changed, e.g.

new machinery, technology, substances or working methods are
introduced
 STEPS OF RISK ASSESSMENT PROCESS
5-Step Ordering Process

Monitoring
Risk treatment or
and review
Methods for mitigation
Identification identifying strategies
of hazards or Risk analysis and potential risks 5
evaluation
potential risks. 4
3
2
1
• Identification of hazards or potential risks: This step involves systematically
identifying potential risks or hazards that may arise during the course of a
project or within an organization. It includes gathering relevant information,
brainstorming sessions, using checklists, and analyzing historical data to
identify potential risks.
• Risk analysis and evaluation: Once risks are identified, they are analyzed and
evaluated to determine their probability, impact, and severity. This step helps
prioritize risks based on their potential consequences and likelihood of
occurrence.
• Methods for identifying potential risks: Various methods can be used
to identify potential risks, including brainstorming sessions with
project stakeholders, using risk checklists to systematically identify
common risks, and analyzing historical data from similar projects or
incidents.
• Techniques for analyzing risks: Risks are analyzed using qualitative
and quantitative assessment methods. Qualitative analysis involves
assessing risks based on their impact and likelihood, while quantitative
analysis involves assigning numerical values to risks to quantify their
impact and probability.
• Strategies for treating or mitigating identified risks: After risks are analyzed,
appropriate risk treatment strategies are selected to address them. These
strategies may include risk avoidance, where the organization takes steps to
eliminate or minimize the risk; risk transfer, where the risk is transferred to
another party through insurance or contracts; risk reduction, where measures
are taken to reduce the likelihood or impact of the risk; and risk acceptance,
where the organization acknowledges the risk and its potential consequences.

• Continuous monitoring and review of risks: Risk management is an ongoing

process that requires continuous monitoring and review of identified risks
throughout the project lifecycle. .
 RISK CONTOUR MAP

• In industry, a risk contour map, also known as an individual risk contour(IRC), is a

graph that shows the location of a specific risk level geographically. The risk level is
defined by a predetermined type of harm, such as fatality, at a specific frequency.
• Risk contours are calculated by determining the consequence from a number of
scenarios. By adapting certain criteria for death form toxic substances, radiation heat
load form fire and explosion over pressure, effect and damage distances can be
determined.
• Risk contours or 'foot prints' are plotted on the map of the premises and its vicinity
(area) to see the effect of damage distances reaching to the public or surrounding
environment. On each periphery of a counter, risk level should be mentioned.
Contours may indicate risk zones like low, medium, high, highest etc.

USES
• Use of risk counters is useful in onsite and off-site emergency plans for the
judgement of area likely to be affected and emergency preparedness for evacuation
and other emergency activities.