Process safety is about understanding hazards and risk, managing risk by providing the appropriate layers of protection to reduce the frequency and severity of incidents, and learning from incidents ...

Organizations participating in the Risk and Compliance Process (RCP) are required to respond to questions in specific areas of focus. Areas of focus represent management areas that are critical to ...

The author describes why statistical significance would impose an unreasonable burden on manufacturers. Validation has been practiced within the global healthcare industry since the early 1970s. While ...

We propose an approach for the modeling, monitoring and control of operational risk in financial institutions based on a methodology that integrates business process modeling with statistical and ...

The memorial for the Bhopal Gas Disaster is situated near the site of the Union Carbide Corp. factory, which on Dec. 2, 1984, was the site of a massive release of toxic chemicals, including methyl ...

In-silico design facilitates process optimization and evaluation of process control strategies. The pharmaceutical industry has recognized the value of implementing a systematic approach to drug ...

LAST week we explored the minimum capital requirements under Pillar 1 of Basel III. This week, we will focus on the firm-wide risk management process and the role of supervisors, under Pillar 2, to ...