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Operational Risk Management Articles & Analysis
68 articles found
This case study highlights our ability to effectively assess complex hydrocarbon plumes with 50-foot groundwater fluctuations at a multi-plume industrial site using 20 sensors and LiORA Insights to monitor and assess 3 distinct ...
ByLiORA
The Tetra Tech High Performance Buildings Group’s white paper, “Computational Fluid Dynamics (CFD) as a Strategic Enabler for AI-Driven Data Centers” examines the application of CFD as an operational and planning tool to understand airflow, heat transfer, and cooling system behavior in modern data centers. ...
Post-harvest processing is no longer shaped by operational efficiency alone. Increasingly, it is influenced by evolving retail standards,changing consumer expectations, and growing market pressures that extend far beyond the factory floor. For processors, this creates a fundamental challenge: how to design processing lines that perform today, while remaining adaptable to tomorrow’s ...
With such global complexities at the heart of the business, they sought to streamline their processes to gain a unified view of their trading and risk management ...
Business challenge The customer’s risk operations were previously managed on spreadsheets and a popular accounting system. ...
This strategy should encompass market analysis, cost assessment, technology evaluation, and risk management. Below, we explore these elements in detail to provide a clear roadmap for prospective investors. ...
For organisations large and small, effective risk management is crucial for identifying, assessing, and mitigating risks to safeguard their operations. But what does good risk management really look like? It’s more than just a checklist or a once-a-year audit; it’s a continuous ...
By facilitating thorough screening, these detectors help mitigate security risks and contribute to the overall integrity of access control protocols. #### 3. Operational Risk Mitigation In operational environments such as airports, government buildings, and public venues, door frame metal detectors mitigate ...
Certification ensures that operators have the necessary skills and knowledge to operate the crane safely and efficiently. Pre-Operational Inspections: Before commencing any lifting operations, a comprehensive pre-operational inspection must be conducted. ...
Liverpool, 15/10/2023 —Criddle & Co Ltd. and BESTMIX software have officially sealed their cooperation with the implementation of the Enterprise Resource Planning solution based on Microsoft Dynamics 365 for Finance and Operations. Criddle, based in the Cunard Building on Liverpool’s historic waterfront, is a subsidiary of the Billington Group which was established in 1858. The ...
ByBESTMIX
Using deterministic modelling methods,Plant Optimiserspeeds up the setup time to a few weeks, while machine learning delivers simultaneous forecasting of alternative operating scenarios that can be used to identify operational savings. ...
Odour emissions modelling to stay ahead of unfolding weather risks With real-time, accurate odour management software at their fingertips, operators at waste management sites can navigate weather risks with confidence. ...
The task therefore is knowing what will happen as a result of climate change induced events ahead of time and thus being prepared to plan and manage the associated risks. Using tools such as jar-testing, that are not real-time, operators have been asked to manage feed water quality parameters they have not seen in the past and ...
At mine sites specifically, operational dust management strategies or Trigger Action Response Plans (TARP) rely on continuous, unattended monitoring of emissions risks. However, it can be difficult to act on static data without context. Predictive risk reports can provide a 72-hour window into the future for ...
Energy-intensive industries, especially oil and gas and petrochemicals, have never been more pressured to meet sustainability targets, boost uptime, maximize throughput and reduce total expenditures (TotEx) by lowering the end-to-end lifecycle costs of their assets. One way owner/operators and engineering professionals can identify strategies to reach these goals is to ask themselves two ...
The need to identify when things are starting to go wrong and act on potential issues quicker has only become more important due to increasing pressure from environmental authorities and local communities. Management of open-pit mining operations or large construction projects is full of complexities, which makes it all the more necessary to have sufficient ...
Hazardous chemicals often can present a considerable risk for people and the environment. That is why Safety Data Sheets (SDS) are so important. ...
The building industry is experiencing unprecedented disruption due to a variety of trends, including the pandemic, ongoing technological transformation market pressures, and evolving occupant expectations and needs. Yet discussions in the trade media and even among industry professionals often seem more focused on what the building of tomorrow might be like, rather than examining how current ...
He was joined by Frank Arcadi, Laura Patrick and Ruth Donlon, who are Sphera’s vice president of Product Stewardship; solutions manager for chemical management; and senior regulatory analyst, respectively. ...
At Sphera’s first Productivity Summit for Operational Risk Management, Otto Ganguli, Cargill’s global data and analytics lead, joined several Sphera ORM experts—Scott Lehmann, Jim Crouch, Simon Jones and Peter Hardy—for a spirited discussion on how technology, clean data and best practices drive productivity in ...