risk management system Articles

  • Water management solutions minimize flood damage

    Human societies around the world have used timber as a building material for thousands of years. As wood is the only significant biological building material we are naturally inclined to believe that using wood in construction is good for the environment. As a matter of fact the environmental benefits of using timber are not straightforward: although it is a natural product, a large amount of ...


    By Geoplast US Corp.

  • Models for risk management of systems of systems

    This paper addresses the need for developing a body of prescriptive theory and methodology for modelling Systems of Systems (SoS). This will enable analysts to appropriately model and understand the SoS evolving behaviour due to the continued forced changes imposed on them. To place this need in historical perspective, the evolution of the field of systems engineering/analysis is briefly ...


    By Inderscience Publishers

  • What The AD Industry Can Learn From Solar Standardization

    Applying a proven project finance model to the anaerobic digestion industry is the best way to ensure projects get built and operate profitably over the long-term. THE U.S. anaerobic digestion (AD) market represents an attractive, multibillion dollar investment opportunity. However, structural industry obstacles must be overcome before the market can realize its full potential. As a ...


    By BioCycle Magazine

  • `Standards are desperately needed for plastic and pesticide contamination in soil´

    In addition to plastic in the oceans, plastic contamination in arable land throughout Europe and other parts of the world is a growing problem. No standards exist for these types of soil pollutants, nor for pesticide residues or their degradation products. For this reason, Professor Violette Geissen is calling for standards to be implemented. On 15 June, Geissen will deliver her inaugural address ...

  • Water Treatment Optimization - Case Study

    Drinking water treatment in North America has stringent requirements for effluent water quality, with a great amount of attention being drawn to the presence of hazardous disinfection by-products (DBPs) persisting through water distribution systems. The operation of water treatment plants involves addition of various mixing agents to help with coagulation and settling of organics in the raw water ...


    By MANTECH

  • Risk management of complex critical systems

    It is crucial to examine the changing panorama of vulnerabilities and criticalities in our increasingly interconnected world. Understanding the meaning of complexity and its implications allows us to see the interconnectedness of the world for enhanced risk management in technical and social systems. In this respect, a framework to assess complex systems is necessary to understand vulnerabilities ...


    By Inderscience Publishers

  • Managing risk of liquidity: a new dimension of risk management

    Prudent liquidity risk management is a critical component of contemporary complex financial risk management. In the aftermath of the world financial crisis that started in 2007 the liquidity risk area received close attention from financial firms and regulators. The article begins with an introduction of the concept of liquidity risk management, a key component of the Basel III framework. The ...


    By Inderscience Publishers

  • Maintenance To-Do: Coil Cleaning

    A coil-cleaning program should be an integral part of maintaining some kinds of process cooling equipment. Most people think of coil cleaning as a building or facility prepares to turn on the air-conditioners for another season. Admittedly, spring is a perfect time to put such cleaning and maintenance at the top of the to-do list. Condenser and evaporator coils are an integral part of HVAC ...


    By Evapco Inc.

  • Risk management versus incentives

    Portfolio theory indicates that risk management should take place at the group level. Hedging at the project level or in the individual business areas may lead to suboptimal results. However, the efficiency of a profit centre depends on its management's being able to influence factors that are crucial to the unit's financial results. Price hedging could be one such factor. In the wider ...


    By Inderscience Publishers

  • Systemic project risk management - the way ahead

    Project Risk Management (PRM) has become recognised as an important part of project planning and management. This paper briefly outlines the current state of PRM in design and development projects The development of PRM tools based upon project decompositions has brought significant benefits. For modern highly complex projects, however, this has proved to have significant flaws, particularly ...


    By Inderscience Publishers

  • Risk management for water supply pipes

    In this paper, the risk of water supply systems as a combination of hydraulic analyses (consequence) and failure probability of pipelines based on the actual condition is discussed. On the one hand, a stepwise closing of pipelines calculates the influence on customer's supply which represents the importance of a pipe. On the other hand, based on existing failure statistics, age and material ...


    By IWA Publishing

  • Risk Management: Sustainably Managing a Common Resource

    Introduction Danfoss is a global manufacturer of hermetic compressors, pumps, valves, motors and other electrical control units. The company owns a major manufacturing facility located on a small island, Als, in the Baltic Sea. In 1983 the company was routinely withdrawing two million cubic meters of fresh water from the sole aquifer which supplies the entire island, home to 50,000 residents. ...

  • Multivariate methods in enterprise system implementation, risk management and change management

    This work is a first step towards the application of multivariate methods in risk management and change management in Enterprise System Implementation (ESI). ESI is characterised by concentrated efforts to integrate an IT system. Such projects typically experience unplanned problems and events, which may lead to major restructuring of the process. In this work, we rely on ESI theory developed by ...


    By Inderscience Publishers

  • Risk-based asset integrity management

    Within the area of management of process plant integrity, there has been a significant shift toward the adoption of risk-focused methods such as reliability centered maintenance (RCM) and risk based inspection (RBI), rather than following traditional preventative maintenance methods and prescriptive inspection intervals. There are various reasons for this trend, but the primary benefit that asset ...


    By ABS Consulting

  • A risk management framework for the regulation of nanomaterials

    Nanotechnology promises a plethora of benefits to society. Early research has established that some types of nanomaterials may be highly toxic to living systems, while others are seemingly inert. Nanotoxicology is a new field that has become the focus for risk assessment and management of nanomaterials. To address the potential risks either current chemical and particulate material regulations ...


    By Inderscience Publishers

  • Modelling and Managing Flood Risk and Flooding

    The UK’s prestigious Royal Society recently held a discussion group on the subject of Flood Management and Climate Change. With much of the Northern Hemisphere approaching the winter flooding season, we spoke to Wallingford Software’s David Fortune to find out the role of modelling in flood forecasting and flood management. He set out his ideas as follows: We must remember first that, while we ...


    By Innovyze

  • Are our Water Systems at Risk?

    Assessing the Financial Sustainability of BC’s Municipal Water and Sewer Systems Reliable water, sewer, and storm water systems are essential to public health, a clean environment, and a strong economy. But British Columbia’s systems may be at risk – aging infrastructure, growth, strengthened regulations, seismic risk, and climate change are driving the need for ...

  • Enterprise risk management, the new imperative

    Enterprise Risk Management (ERM) is a new, strategic imperative that is gaining momentum. Leaner operating models and global sourcing have made companies stand up and take notice: managing risk is important! And Health, Safety and Environment (HSE) risk is no exception. According to AMR Research, nearly half of surveyed companies plan to increase spending on Operational Risk Management ...


    By Lexicon Systems, LLC

  • Leveraging Chemical Data to Manage Risk

    Even if chemicals aren’t central to your business, their hazards are likely pervasive across your supply chain. In fact, chemicals are one of the primary drivers of environmental, health and safety risk in virtually every organization. Both EPA and OSHA provide regulatory guidance based on the types and quantities of chemicals present at your facility. The Department of Transportation and ...

  • Fire and Gas Protection Systems as Part of Safety Instrumented Systems and Risk Management

    Garth Watkins, Director Europe, Middle East, Africa, Detector Electronics Corporation, Presented at HazardEx International Conference 2008 Process-systems operators today face increasing demands for lower costs and higher safety standards in an increasingly regulated environment. In addition, companies desire to provide a working environment that is as safe as possible. As a result, plant owners ...

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