Question 1
Post your answers to the following question:-
Risk management tools and techniques are used to minimise hazardous events associated with oil and gas exploration and production activities.
a) Identify risk management tools and techniques. (6)
b) Identify the steps of risk management and outline each of the steps identified (8)
c) Identify project phases where risk management applies (6)
There are a variety of risk management tools and techniques that can be used to minimize hazardous events associated with oil and gas exploration and production activities such as :
ReplyDelete1) Quantitative risk assessment
2) Qualitative risk assessment
3) HAZOP (Hazard and Operability Studies)
4) HAZID (Hazard Identification)
5) FMEA ( Failure Modes and Effective Analysis)
6) Modelling
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