API RP 1173 is risk-based Safety programs are often described as being all about risk reduction and However, it also means using a risk-based approach to achieving safety outcomes given that there are Using a risk-based approach to identify the extent of this tailoring is an effective strategy that is technology, culture, etc.) by the organization to achieve the desired outcomes Identify and evaluate risks (both threats and opportunities) for each obligation Embed obligations, controls, and risk treatment

and most often by preventing failure of equipment, processes, systems, and other measures to prevent risk

In past presentations I have spoken on the topic of risk which of course meant we also talked about dragons In the real world uncertainty creates the opportunity for risk which if not addressed hinders or thwarts We know that hope is a wonderful thing but it is not an effective strategy against risk or dragons. they are struggling to receive any real benefits from their efforts which is putting their business at risk A3 – IMPLEMENTATION Implementing countermeasures successfully requires a risk-adjusted plan.

It was never about creating designs, or stamping drawings, or a risk measure to ensure public safety.

advance the state of compliance to better contend with always staying between the lines and ahead of risk

require greater facilitation, descriptive procedures, and activity that is not known in advance such as risk The Hybrid Model has been used effectively to support risk based compliance processes for several years

It ensures that companies operate within the boundaries set by society and mitigate risks associated Compliance also helps mitigate legal and reputational risks that could negatively impact stakeholder

Each phase serves a purpose, and attempting to bypass any stage risks undermining the entire enterprise : Raimund Laqua, P.Eng, is a professional computer engineer with over 30 years of expertise in high-risk

dependencies as well as components and elements Uncertainty is evaluated and addressed using managed risk

invites voluntary commitments which encourages ownership – a necessary condition for proactive and risk-based

This committee should: Evaluate AI projects and applications for potential ethical risks Develop and

It will provide leadership and management with the status of the environmental program, level of risk