• Title/Summary/Keyword: risk management standard

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Management of Change in the Chemical Industries Based on Risk Assessment (위험성 평가에 기반한 화학산업의 변경관리)

  • Yoo, Jin Hwan;Lee, Heon Seok;Choi, Jeong Woo;Seo, Jae Min;Ko, Jae Wook
    • Korean Chemical Engineering Research
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    • v.46 no.1
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    • pp.156-163
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    • 2008
  • Process change and modification, which are caused by process failure, equipment life cycle and economic environment, have been generated in the chemical plants. And the MOC (management of change) base on the reasonable process safety technology such as change judgment, hazard identification by accurate technical references and risk assessment. But it is difficult to carry out the MOC because of lack of experience, shortage of knowledge and none of process safety specialists. In this study, the MOC system which could make enhancement of safety by finding and complementing weakness of MOC in chemical facilities was developed. This developed MOC system based on QRA was recommended the obvious standard for decision-making process, MOC procedure based on risk assessment and risk estimation of the process modification. The study based on the above way sought the enhancement of safety by performing Risk Based MOC for chemical plants.

A Proposal of Risk Management Framework for Design as a Secure Power Control System (안전한 전력 제어시스템 설계를 위한 위험관리 프레임워크 제안)

  • Park, Jun Yong;Shin, Sumin;Song, Kyoung-Young
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.26 no.2
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    • pp.425-433
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    • 2016
  • In smart grid, enhancement of efficiency and interoperability of electric power system is achieved through the connection with outer network, and this induces that power grid system is threatened increasingly, becomes the main target of cyber terrorism, and is sincerely required to design the secure power system. Although SSDLC(Secure System Development Life Cycle) is used for risk management from the design phase, traditional development life cycle is somewhat limited for satisfaction of information security indicator of power control system. Despite that power control system should reflect control entities of information security considering its own characteristics, validation elements are insufficient to apply into real tasks based on existing compliance. To make design of diagnostic model and assessment process for power control system possible and to give a direction for information security and present related indicator, we propose the new risk management framework of power control system which is applied operational security controls and standard architecture presented by IEC 62351 TC 57 with enterprise risk management framework.

Reviewing the Operation of the Navy Safety Management System and Its Direction (해군 안전관리체계 운영에 대한 검토 및 발전 방향 고찰)

  • Jeongwoo Han;Kijae Kim;Wonyoung Lee;Kyoshik Park
    • Journal of the Society of Disaster Information
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    • v.19 no.4
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    • pp.859-868
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    • 2023
  • Purpose: In order to enhance safety, the Korea Navy is making efforts to introduce a safety and health management system and to develop a risk assessment system, while safety accidents keeps occurring. A development plan was proposed through an inspection of the Safety Management System(SMS). Method: To diagnose the Korea Navy's safety management system, changes in the safety environment, documentation system, and safety and health management system operation were reviewed, points to be improved were found, and improvement directions were derived. Result: There is a need for an SMS standard that can present the Korea Navy's safety policy and safety management direction, and a safety program that provides guidelines for implementing it in a standardized manner. To this end, we were able to confirm the feasibility of linking the requirements of the US Navy's SMS and the international standard ISO 45001 standard together with the Korea Navy's safety management system. Conclusion: The Korea Navy's safety management system needs to clearly present safety policies and standards, and have public confidence and effectiveness in safety work through a standard program that can implement them, and for this, the development of a Navy SMS is necessary.

A Guideline on Development of LED Convergence Intrinsic Safety Luminaire for Marine Plants & Ships and It's Standard (선박 해양용 본질안전 LED 방폭 조명 표준화를 위한 가이드 개발 연구)

  • Lee, Seung-Hyeok;Kim, Tae-Hun
    • Journal of the Korea Safety Management & Science
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    • v.19 no.4
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    • pp.25-34
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    • 2017
  • Offshore plants should be managed at a high level of safety condition. Because the offshore plant has cramped space and has difficult access when a fire occurred, a fire can be critical to the plants. LED lighting can reduce the risk of fire by its lower energy consume suitable to intrinsic safety and lower heat radiation that can reduce the possibility of ignition. Also LED has a long lifetime. Though LED luminaire has various advantages for offshore plants, an international standard for the luminaire has not provided because it is new technology. Because there is no international and domestic standard specially provided for the LED luminaire, a guideline is required for developing the LED light and for the future establishment of an international standard. This study was conducted to develop the guideline for LED luminaire for offshore plants. Firstly, relevant standards were analyzed for the guideline. Then we found that there are editorial differences between international standards and domestic standards. So the guideline was developed based on international version and the differences between the domestic and international standard were provided to let Korean developers recognize the differences.

Risk Identification and Management Strategies for BIM Projects

  • Ng, Ron C.W.;Cheng, Jack C.P.;Das, Moumita
    • International conference on construction engineering and project management
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    • 2020.12a
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    • pp.103-113
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    • 2020
  • The construction industry is undergoing a digital transformation in which Building Information Modelling (BIM) is a key technology. The potential of BIM in several areas such as design optimization, time management, cost management, and asset management/facility management (AM/FM) is widely acknowledged by the AECO (Architecture, Engineering, Construction, and Operation) industry around the world. However, BIM implementation in construction projects is faced with problems such as project delay and cost overruns. The lack of identification of risks in BIM projects and standard guidelines on mitigation techniques furthers poor performance, dissatisfaction, and disputes between employers and project participants, which results in low BIM adoption rates. Therefore, the objective of this paper is to identify the potential risks in BIM implementation under the primary categories - (1) technical, (2) contractual, (3) management-related, and (4) personnel-related risks in BIM projects and present solutions to reduce, manage, and mitigate risks. To meet the objective of this paper, a survey was designed and conducted in the Hong Kong construction industry in which over 140 respondents from different disciplines, with experience in BIM projects, have participated. Based on the analysis of the survey data, the most severe and frequently occurring BIM risks and their potential mitigation strategies were identified and discussed in this paper.

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Research on Corporate Risk Reporting: Current Trends and Future Avenues

  • Mazumder, Mohammed Mehadi Masud;Hossain, Dewan Mahboob
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.1
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    • pp.29-41
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    • 2018
  • These days, corporate risk management has become a major concern in the corporate world. Companies in the global environment are exposed to diverse kinds of risks that are affecting the decisions of investors and other stakeholders. Therefore, companies are expected to not only identify and manage risks but also voluntarily report the same to the stakeholders. Increasingly, standard setters and regulators are requiring firms to disclose such information. On the contrary, there also exists a perception that risk reporting can create a negative impression among the stakeholders about the future of the company. In line with such growing dilemma for risk disclosures, the issue of corporate risk reporting (CRR) has been receiving immense emphasis from the accounting academicians. The main objective of this article is to conduct a comprehensive literature review on corporate risk disclosures. In order to fulfill this objective, at first, a summary of the relevant available literature is presented to identify the current regulations on risk reporting, existing trends of CRR research and theories applied in research. Then, through analysis, several research avenues are identified. It is expected that if these dimensions are explored by the future researchers, a better and broader understanding of the risk reporting practices can be achieved.

ISO 26262 automotive functional safety: issues and challenges

  • Ismail, Azianti;Liu, Qiang
    • International Journal of Reliability and Applications
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    • v.15 no.2
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    • pp.151-161
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    • 2014
  • Recently, the automotive industry has been introduced to ISO 26262 in November 2011 to address the necessity of safety risk from sensor to actuator by providing guidance in the form of requirements and processes. The malfunctioning behaviour of these systems could have significant impact on the safety of humans and/or the environment. Most of the modern automobiles are equipped with embedded electronic systems which include lots of Electronic Controller Units (ECUs), electronic sensors, signals, bus systems and coding. Due to the complex application in electrical, electronics and programmable electronics, the need to carry out detailed safety analyses which focuses on the potential risk of malfunction is crucial for automotive systems. In this paper, the international trends on pre and post introduction of ISO 26262 through publications will be analyzed as well as to take a glimpse in the activities for implementing this standard by the automotive manufacturers. The issues and challenges which have been occurring from implementing this standard also will be highlighted.

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Characteristics and Implementation of ISO/IEC 27001 : 2013 Information Security Management System (ISO/IEC 27001 : 2013 정보보안경영시스템의 특징과 적용 방안)

  • Song, Kyung-Il;Jang, Joong-Soon
    • Journal of Applied Reliability
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    • v.14 no.2
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    • pp.108-113
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    • 2014
  • The demand against the risk analysis and information security of system from the companies or the agencies which operate an information system is increasing. ISO/IEC 27001 was established by ISO (International Organization for Standardization) and IEC (International Electrotechnical Commission). Also this standard is international and authoritative standard of ISMS (Information Security Management System). This paper is to review how the ISO 27001 ISMS Requirement has been established and improved, and to communicate the significant changes from ISO27001 : 2005 to ISO 27001 : 2013 focusing on reasons for revisions. Additionally, This paper shows case study for understanding ISO 27001 : 2013 implementation.

A Study for Enterprise Type Realtime Information Security Management System (기업의 상시 보안관리 체계 연구)

  • Noh, Shi-Yeong;Lim, Jong-in
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.27 no.3
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    • pp.617-636
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    • 2017
  • Many businesses have adopted the standard security management structure such as ISO27001 and K-ISMS for strengthening business's security management structure to protect their core information assets and have acquired partial output from such effort. However, many risk factors such as recent advances in Information Technology and evolution of intrusion methods have increased exponentially requiring the businesses to response even more quickly with better accuracy. For such purpose, a study of 'Real Time Security Management Structure for Business' based on security management process optimization, defining a set of security index for managing core security area and calculation of risk indices for precognition of intrusion risk area has been made. Also, a survey on opinions of an expert panel has been conducted. The effectiveness of studied structure was analyzed using AHP method as well. Using this study, security personnels of a company can improve efficiency of the preemptive responsive and quicker measure from the current security management structure.

Characteristics of AS9100 Rev. C Quality Management System and Its Implementation (AS9100 Rev. C 규격의 특징과 적용 방안)

  • Yeo, Eung-Mo;Byun, Jai-Hyun
    • Journal of Korean Society for Quality Management
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    • v.39 no.4
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    • pp.516-526
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    • 2011
  • The AS9100 standard builds upon the ISO 9001:2000 quality management system requirements(in their entirety) and defines additional quality management system requirements for the aerospace industry. The 9100 standard on quality management system requirements is intended to be used at all levels of the supplier chain. The International Aerospace Quality Group has released a revision to 9100 for the aviation, space and defense industries. This change aims at improvement on quality, schedule and cost performance by adopting new requirements based on stakeholders' needs. This paper is to review how the AS9100 QMS Requirement has been established and improved, and to communicate the significant changes from AS9100, Rev. B to Rev. C focusing on reasons for revisions. The proposed schedule and considerations on the transition of the changes to Rev. C are also dealt with in this paper.