RISK MANAGEMENT

Risk Management

Risk Management

Risk investigation is a significant control and esteem for guaranteeing the security, reliability and value of goods and processes. It is furthermore a locality subject to expanding regulatory pressures. For our oil industry it risk management should be on priority.

It is significant to realise that we are not conversing about personal checking procedures as performed by reliability engineers. Rather, we are conversing about "desktop" or "blackboard" organised procedures that are utilised to investigate or forecast modes of malfunction in mechanical or electric schemes founded on the purposes, characteristics and/or interactions of the components that comprise the system.

 

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