• Title/Summary/Keyword: Qualitative risk management

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Review of Qualitative Approaches for the Construction Industry: Designing a Risk Management Toolbox

  • Zalk, David M.;Spee, Ton;Gillen, Matt;Lentz, Thomas J.;Garrod, Andrew;Evans, Paul;Swuste, Paul
    • Safety and Health at Work
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    • v.2 no.2
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    • pp.105-121
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    • 2011
  • Objectives: This paper presents the framework and protocol design for a construction industry risk management toolbox. The construction industry needs a comprehensive, systematic approach to assess and control occupational risks. These risks span several professional health and safety disciplines, emphasized by multiple international occupational research agenda projects including: falls, electrocution, noise, silica, welding fumes, and musculoskeletal disorders. Yet, the International Social Security Association says, "whereas progress has been made in safety and health, the construction industry is still a high risk sector." Methods: Small- and medium-sized enterprises (SMEs) employ about 80% of the world's construction workers. In recent years a strategy for qualitative occupational risk management, known as Control Banding (CB) has gained international attention as a simplified approach for reducing work-related risks. CB groups hazards into stratified risk 'bands', identifying commensurate controls to reduce the level of risk and promote worker health and safety. We review these qualitative solutions-based approaches and identify strengths and weaknesses toward designing a simplified CB 'toolbox' approach for use by SMEs in construction trades. Results: This toolbox design proposal includes international input on multidisciplinary approaches for performing a qualitative risk assessment determining a risk 'band' for a given project. Risk bands are used to identify the appropriate level of training to oversee construction work, leading to commensurate and appropriate control methods to perform the work safely. Conclusion: The Construction Toolbox presents a review-generated format to harness multiple solutions-based national programs and publications for controlling construction-related risks with simplified approaches across the occupational safety, health and hygiene professions.

Development of Program for Qualitative Risk Based Inspection (RBI) using API-581 (API-581에 의한 정성적 위험기반검사(RBI) 프로그램 개발)

  • 이헌창;유준;김환주;김태옥
    • Journal of the Korea Safety Management & Science
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    • v.6 no.1
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    • pp.49-60
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    • 2004
  • Industrial facilities are becoming more complex and various with rapidly developing technologies. A number of installations and equipments are increased to improve productivity, and they are operated under the condition of high temperature and pressure. They are continuously repaired, replaced or abolished because of the deterioration with time, but their repair and replacement are not easy for economical and environmental concerns. If possible, the deteriorating equipments should be inspected and repaired effectively considering the state of maintenance and preservation, economic efficiency, and safety. That's where RBI(Risk Based Inspection) fits in. Even if RBI technology has been known among specialists, there were no tools readily available and it was hard to practice and apply RBI in industrial inspection and safety management. In the development of the qualitative RBI, the overall algorithm adopted API-581 BRD. The qualitative RBI program was developed to search the appling process.

Risk Value Calculation Method for Moderate Risk Concentration Type at Qualitative Risk Analysis Phase (정성적 위험분석 단계에서 중간위험 집중형 위험도 산정 방법)

  • Kim, Seon-Gyoo
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.2
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    • pp.38-45
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    • 2015
  • The risk analysis phase of construction risk management process is subdivided into the qualitative risk analysis that plays a major role, and the quantitative risk analysis acting as a supportive role. The traditional calculation method for quantifying a risk value that has been applied so far is an equation to multiply a probability by an impact simply, but its result shows the low risk value biased distribution. Although another equation that shows the high risk biased distribution as an alternative of traditional method was proposed, both of the low or high risk biased equations do not match with the statistical general knowledge that most natural phenomenons are close to the normal distribution. This study proposes a new risk value calculation method that is concentrated to the moderate risk value. Because the risk value distribution by a new method shows a normal shape similar to natural phenomenon, it helps to choose a middle level not biased to the low or high levels when choosing the level of risk response. Furthermore, it could contribute to improve the flexibility and rationality of risk analysis method by providing additional options for the risk value calculation.

A Study of Qualitative and Quantitative Risk Assessment for Highway Safety Facilities (고속도로 교통안전시설물의 정성적 및 정량적 위험도분석 연구)

  • Ji, Dong-Han;O, Yeong-Tae;Choi, Hyun-Ho
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.4
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    • pp.99-109
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    • 2007
  • Risk elements of highway safety facilities are affected by complex environments. Thus, risk-based approach for traffic safety facilities is needed. For this, in this study, qualitative and quantitative risk assessment methodology and procedure for highway safety facilities is proposed, which can be used as risk-based approach incorporating VE process. Also, for the quantitative risk assessment, event tree using EPDO(Equivalent Property Damage Only) with respect to frequency and magnitude of risk events is introduced. As a result, risk index of alternative 1(140cm) and 2(127(cm) which can be used as performance factor in VE approach are estimated.

Qualitative RBI Analysis in Considered with Uncertain Variables by Probabilistic Distribution (확률분포에 따른 불확실한 변수를 고려한 위험도기반의 정성적 평가)

  • Heo, Ho-Jin;Jeong, Jae-Uk;Kim, Joo-Dong;Choi, Jae-Boong;Choi, Song-Chun;Hwang, In-Ju
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.25 no.2
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    • pp.70-78
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    • 2013
  • Plants which are having conditions of high temperature and pressure always are exposed to danger. In order to prevent unexpected accidents, safety management that can effectively and appropriately examine facilities is required in plant operation. RBI(Risk-Based Inspection) technology in API 581 is one of standard management technique for evaluating risk on petroleum plants. There are qualitative and quantitative assessments in RBI methodology. Quantitative evaluation step is complex and required much information, so high-risk facilities in plant are selected firstly by qualitative method. Qualitative RBI is performed by choosing the answer in prepared questionnaire. However, it is difficult to believe thoroughly results from survey including ambiguous information. In this study, the procedure of qualitative RBI analysis with considering probability distribution concept were proposed by using Monte Carlo simulation method in order to increase reliability in spite of uncertain factors. In addition, qualitative risk of cooling system for LNG plant was evaluated using proposed procedure. Although 20 items of total 39 assessment items are applied to uncertain factors, risk section of high probability(89%) were verified. The detailed results were described in manuscript.

Banding the World Together; The Global Growth of Control Banding and Qualitative Occupational Risk Management

  • Zalk, David M.;Heussen, Ga Henri
    • Safety and Health at Work
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    • v.2 no.4
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    • pp.375-379
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    • 2011
  • Control Banding (CB) strategies to prevent work-related illness and injury for 2.5 billion workers without access to health and safety professionals has grown exponentially this last decade. CB originates from the pharmaceutical industry to control active pharmaceutical ingredients without a complete toxicological basis and therefore no occupational exposure limits. CB applications have broadened into chemicals in general - including new emerging risks like nanomaterials and recently into ergonomics and injury prevention. CB is an action-oriented qualitative risk assessment strategy offering solutions and control measures to users through "toolkits". Chemical CB toolkits are user-friendly approaches used to achieve workplace controls in the absence of firm toxicological and quantitative exposure information. The model (technical) validation of these toolkits is well described, however firm operational analyses (implementation aspects) are lacking. Consequentially, it is often not known if toolkit use leads to successful interventions at individual workplaces. This might lead to virtual safe workplaces without knowing if workers are truly protected. Upcoming international strategies from the World Health Organization Collaborating Centers request assistance in developing and evaluating action-oriented procedures for workplace risk assessment and control. It is expected that to fulfill this strategy's goals, CB approaches will continue its important growth in protecting workers.

Secure and Resilient Framework for Internet of Medical Things (IoMT) with an Effective Cybersecurity Risk Management

  • Latifah Khalid Alabdulwahhab;Shaik Shakeel Ahamad
    • International Journal of Computer Science & Network Security
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    • v.24 no.5
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    • pp.73-78
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    • 2024
  • COVID-19 pandemic outbreak increased the use of Internet of Medical Things (IoMT), but the existing IoMT solutions are not free from attacks. This paper proposes a secure and resilient framework for IoMT, it computes the risk using Risk Impact Parameters (RIP) and Risk is also calculated based upon the Threat Events in the Internet of Medical Things (IoMT). UICC (Universal Integrated Circuit Card) and TPM (Trusted Platform Module) are used to ensure security in IoMT. PILAR Risk Management Tool is used to perform qualitative and quantitative risk analysis. It is designed to support the risk management process along long periods, providing incremental analysis as the safeguards improve.

Two-Dimensional Qualitative Asset Analysis Method based on Business Process-Oriented Asset Evaluation

  • Eom, Jung-Ho;Park, Seon-Ho;Kim, Tae-Kyung;Chung, Tai-Myoung
    • Journal of Information Processing Systems
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    • v.1 no.1 s.1
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    • pp.79-85
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    • 2005
  • In this paper, we dealt with substantial asset analysis methodology applied to two-dimensional asset classification and qualitative evaluation method according to the business process. Most of the existent risk analysis methodology and tools presented classification by asset type and physical evaluation by a quantitative method. We focused our research on qualitative evaluation with 2-dimensional asset classification. It converts from quantitative asset value with purchase cost, recovery and exchange cost, etc. to qualitative evaluation considering specific factors related to the business process. In the first phase, we classified the IT assets into tangible and intangible assets, including human and information data asset, and evaluated their value. Then, we converted the quantitative asset value to the qualitative asset value using a conversion standard table. In the second phase, we reclassified the assets using 2-dimensional classification factors reflecting the business process, and applied weight to the first evaluation results. This method is to consider the organization characteristics, IT asset structure scheme and business process. Therefore, we can evaluate the concrete and substantial asset value corresponding to the organization business process, even if they are the same asset type.

Fraud Risk Management Model: A Content Analysis Approach

  • MADAH MARZUKI, Marziana;NIK ABDUL MAJID, Wan Zurina;AZIS, Nur Kamaliah;ROSMAN, Romzie;HAJI ABDULATIFF, Nik Kamaruzaman
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.717-728
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    • 2020
  • The objective of this study is to explore the whole process of fraud risk management strategies that should be implemented by the organizations. Secondly, this study discusses the governance issues that arise at each stage of the process. For the purpose of this study, a content analysis of previous literatures is used as a technique for gathering data. This process usually involves codifying qualitative and quantitative information into pre-defined categories in order to derive patterns in the presentation and reporting of information. Based on our content analysis, we found that the fraud risk management process should be made of at least five stages which are inculcating the culture of managing risks in an organization, identifying the risks, evaluating the risks, determining preventive actions and implementing and reviewing stages. Our extended analysis of the fraud risk management process finds that a lot of governance issues arise in the fraud risk management process that should be solved by regulators and companies in order to ensure that fraud risk management process is embedded as corporate culture, not merely as a process. Among them are how to create the risk culture in an organization and whether auditors and risk management committees identify risks from each available source.

Development of a RBI Procedure and Implementation of a Software Based on API Code (I) - Qualitative Approach (API기준에 근거한 RBI 절차 개발 및 소프트웨어의 구현 (I) 정성적 접근법)

  • 심상훈;송정수;김지윤;윤기봉
    • Journal of the Korean Society of Safety
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    • v.17 no.3
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    • pp.66-72
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    • 2002
  • During the last ten years, effort has been made for reducing maintenance cost for aged equipments and ensuring safety, efficiency and profitability of petrochemical and refinery plants. Hence, it was required to develop advanced methods which meet this need. RBI(Risk Based Inspection) methodology is one of the most promising technology satisfying the requirements in the field of integrity management. In this study, a qualitative assessment algorithm for RBI based on the API 581 code was reconstructed for developing an RBI software. The user-friendly realRBI software is developed with a module for evaluating qualitative risk category using the potential consequence factor and the likelihood factor.