Risk Tolerance Criteria: How Low Do You Go?

“Some risks are plainly acceptable and others are plainly unacceptable.”  Supreme Court Justice John Paul Stevens When Justice Stevens wrote that opinion for the majority in the 1980 OSHA Benzene case, he went on to add that odds of fatality of one in a billion could not be considered significant but that for odds of [...]

By | 2019-01-24T14:34:43+00:00 January 24th, 2019|Process Safety Management, Risk Assessment|0 Comments

Safety Lifecycle – Part 3: Developing Risk Tolerance Criteria

“If we accept there is no such thing as ‘zero risk’ then we should not spin the meaning of words with assertions such as ‘all accidents are preventable.’ – Dr. Rob Long In terms of process safety, one definition of risk is, “[The] combination of the frequency of occurrence of harm [the likelihood] and severity [...]