Integrated Risk Management Integrated risk management is the development and execution of a management system that controls multiple, disparate risks to which a company or facility is exposed. Underlying such a management system is generally a multi-category risk model capable of comparing liabilities across a range of risk-types. We have developed integrated models that address a broad range of risks associated both with fixed facilities and transportation systems:
onsite worker health and safety
public health and safety
environmental impact
economic consequences of process interruption, facility damage, and public impact.
On a semi-quantitative basis, additional risk categories may also be modeled, such as:
regulatory noncompliance
exposure to litigation
insurance liability
negative public perception.
Through expansion of our quantitative risk assessment techniques, we have developed the methods, models and data to support integrated risk analysis, providing a robust basis for the allocation of resources across liability areas and operating units.