Business Case Flashcards
Understand the business case for effective process safety management
A summary of significant major accident events and the resultant concerns of stakeholders and regulators that have changed the expectations on organisations and managers
Outline recurring root cause failures of these accidents that highlight the key issues associated with effective process safety management.
An understanding of the impact of a major accident including:
o effect on business efficiency and business survival.
o direct and indirect costs
o people and the environment
o damage to an organisation’s reputation
An understanding of current strategic initiatives relating to good governance of major hazard risks
How managers should balance major accident risks alongside the other business threats
Regulatory requirements for leadership: legal duties on boards, organisations and individuals in relation to prevention of major accidents