This presentation outlines a practical approach to risk management, focusing on process safety management within industrial settings. It covers the utilization of Gateway’s flagship product, FACILEX®, for creating and managing a Risk Register and tracking risk metrics, specifically using PowerBI for visualization.
The presentation delves into categorizing risks as either specific (such as equipment or safety risks) or general risks, detailing their management life cycles from identification to ongoing monitoring. It also discusses various industry and regulatory initiatives like ISO 31000, RBPS, and API 1173, emphasizing their importance in risk management.
Facility risks are classified into program-specific and Risk Register items, with a procedural approach recommended for comprehensive risk management. The video showcases how FACILEX® facilitates the detailed process of risk identification, treatment, and monitoring, including examples and practical uses of the software in managing risks effectively.
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