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Posts tagged with 'Risk analysis'

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Greetings from the North Pole!

Greetings from the North Pole!

Our colleague Tom Gilmour, head of Product Strategy for DNV GL - Software, recently received this letter from a satisfied customer, and we thought you would like to see it.  Enjoy! Hi! Santa here; just wanted to give an update on how the tran ...

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What Richard Feynman has to do with Risk and Reliability analysis?

What Richard Feynman has to do with Risk and Reliability analysis?

What Richard Feynman has to do with Risk and Reliability analysis? Having worked with both methodologies for more than 8 years now, I feel like I can easily answer this question: we are not very good at explaining “things”. Richard Feynman Ri ...

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New version of Phast and Safeti (7.2) now available

We are pleased to announce the release of Safeti and Phast 7.2. With this release, Phast and Safeti are now fully aligned on the version 7 platform, which means that Safeti customers can now take advantage of the many benefits and improvements intro ...

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Source Term, the crucial initial step

Source Term, the crucial initial step

Quantifying the physical consequences originating from a loss of containment event typically starts by understanding the discharge parameters. Your consequence or risk assessment is only as good as your source term. ...

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Why frequency analysis in QRAs?

Why frequency analysis in QRAs?

Risk equals Consequence X Frequency. But why is so important to account for the frequency of events? ...

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Eight questions about Operational Risk

Eight questions about Operational Risk

Today our post will be special – we managed to find some time in What are the main challenges when performing Operational risk analyses by Graham Bennett  Graham Bennett’s busy schedule and asked him: Eight questions about Operational Risk. F ...

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Now is the time to rethink the concept of a “low risk facility” (do they really exist?).

Now is the time to rethink the concept of a “low risk facility” (do they really exist?).

Classification is a tool that is used a lot. All that is required is that the group of items share a common attribute that can be measured. Darwin’s "origin of species" is perhaps one of the greatest tomes’ that exemplifies the use of classificat ...

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Good Safety practices equal Good business

Good Safety practices equal Good business

Good Safety practices equal Good business: How much does it cost to be lacking the right risk management tools?
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Perfect storm for the next major accident?

Perfect storm for the next major accident?

Examining major offshore accidents provides two key insights: accidents occur globally and their frequency is not declining. So, with the current oil price, are we lining up for a perfect storm for a major accident to happen? ...

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Beyond Compliance – Risk-Based Operations

Beyond Compliance – Risk-Based Operations

Technological advances mean that the move from pure compliance based systems to performance based risk management or Risk Based Operations is future. How is DNV GL addressing these challenges? ...

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