EPA's Equivalent Process Safety Requirements-Risk Management Program (RMP)

2005 ◽  
pp. 291-301
Keyword(s):  
Risk Management ◽  
Management Program ◽  
Process Safety ◽  
Safety Requirements ◽  
Risk Management Program

scholarly journals Process Safety Management and Risk Management Program (PSM/RMP) Audits: Are You Prepared?

2003 ◽  
Author(s):  
Martha Mead Ira
Keyword(s):  
Risk Management ◽  
Emergency Response ◽  
Prevention Program ◽  
Safety Management ◽  
Prevention Programs ◽  
Management Program ◽  
Process Safety ◽  
Response Planning ◽  
Risk Management Program ◽  
Manufacturing Facilities

In June 1996, the Environmental Protection Agency (EPA) promulgated 40 CFR Part 68, Accidental Release Prevention Requirements: Risk Management Programs (RMP) Under Clean Air Act, Section 112 r (7), commonly called the RMP rule. Much of the RMP rule was already required by the Occupational Safety and Health Administration’s (OSHA) 29 CFR 1910.119 Process Safety Management of Highly Hazardous Chemicals (the PSM Standard), which had been issued four years earlier. Because both of these regulations include anhydrous ammonia at a threshold level of 10,000 lbs., many refrigerated warehousing and manufacturing facilities are subject to them. Since the two regulations have the same threshold quantity for ammonia, facilities that are subject to RMP are also subject to PSM. While the focus of the two regulations differs, there are many common requirements, as shown in Table 1, Comparison of Process Safety Management and Risk Management Program Requirements. Both rules require the development of extensive accident prevention programs, which include Process Hazard Analyses, operation and maintenance procedures, training, and emergency response plans. The RMP rule also requires Offsite Consequence Analyses and a Plan summary submittal to the EPA before a process starts up and at five-year intervals thereafter. The Program 3 Prevention Program required to satisfy RMP, is almost identical to a PSM program. Most subject facilities, therefore, use their PSM Program to serve as their RMP Prevention Program. In Florida, the Department of Community Affairs (DCA) took delegation of the RMP rule from the EPA and is the enforcing agency in this state. Since the summer of 2000, the DCA has been auditing RMP facilities for compliance with the rule, and their list of audit subjects has included several citrus manufacturing facilities. The DCA staff has been performing very thorough audits, looking closely at all of the RMP Prevention Program, or PSM Program, elements and evaluating their implementation status at each site. The DCA typically cites RMP Prevention Program deficiencies in the following areas: Mechanical Integrity, Standard Operating Procedures, Process Hazard Analysis, training records, incident investigation reporting, compliance audits, and emergency response planning. Although Florida does not have a State-OSHA program, the DCA is, effectively, serving in this function as they audit the PSM programs of refrigerated facilities throughout the state. Facility owners should therefore ensure that their PSM/RMP Prevention Programs are well developed and well implemented prior to a DCA audit. Paper published with permission.

FEATURES OF ACCOUNTING AND ANALYTICAL SUPPORT FOR ENTREPRENEURIAL RISK MANAGEMENT

2021 ◽  
Author(s):  
Ruslan Skrynkovskyy ◽  
◽  
Oleh Kramar ◽  
Khrystyna Zamula ◽  
Vasyl Khmyz ◽  
...  
Keyword(s):  
Risk Management ◽  
Management Program ◽  
Negative Consequences ◽  
Development Trends ◽  
Stage Of Development ◽  
Risk Management Program ◽  
Industry Affiliation ◽  
Business Entities ◽  
Entrepreneurial Activities ◽  
The Impact

The article reveals the features of accounting and analytical support for entrepreneurial risk management. It was found that entrepreneurial risk is a certain act as a result of which the business entity may suffer losses. It is proved that entrepreneurial risks should be classified according to the specifics of origin, the specifics of the legal settlement, the specifics of industry affiliation, the specifics of the consequences, the specifics of the duration of the impact of entrepreneurial risk, the specifics of the expression of will, the specifics of the form, the specifics of the level of typicality, the specifics of the level of validity, the specifics of the possibility of assessing and resolving the impact, the specifics of the possibility of insuring entrepreneurial risks, the specifics of the occurrence of entrepreneurial risks by sources of origin, the specifics of the scale of the impact, the specifics of the level of losses and the specifics of character. It is established that the process of entrepreneurial risk management is the process of managing the activities of the business entity as a whole and its individual parts, and takes into account the management of not only existing risks but also potential entrepreneurial risks in space and time, that may occur in the future during entrepreneurial activities. It is determined that the process of entrepreneurial risk management should take into account the stage of preparation and implementation of appropriate measures to reduce the risk as a result of making erroneous decisions by business entities, the stage of reducing the impact of possible negative consequences that may occur, especially, if the entity operates in unexpected changes and alarming development trends, as well the stage of development and implementation of the Declaration on Risk Management and the Risk Management Program. It is established that the important information on which it is possible to estimate possibility of occurrence of entrepreneurial risks, is the accounting reporting. In the perspective of further research, it is recommended to study entrepreneurial risks in Ukraine in the context of such aspects as causes, consequences and management.

Developing Risk Management as New Concept to Manage Risks in Higher Educational Institutions

2016 ◽  
Vol 5 (4) ◽  
pp. 42-52
Author(s):  
Ming-Chang Wu ◽  
Didik Nurhadi ◽  
Siti Zahro
Keyword(s):  
Higher Education ◽  
Risk Management ◽  
Higher Education Institutions ◽  
Education Institution ◽  
Management Program ◽  
High Expectations ◽  
Good Communication ◽  
Commercial Activities ◽  
Risk Management Program ◽  
World Class

Generally, the higher education institutions and students have been significantly increased from year to years in order to meet the needs of global labor and develop the country's economy better. On the other hand, they also carry out teaching, research, community service, and commercial activities. This diversity of activities creates more risks diverse and complex as well as a wealth of opportunities for higher education institutions. A solution considered is by implementing the risk management as a new concept to understand and manage the risks associated with those activities and making new opportunities, is challenging and critical to preserving and protecting reputation, and resources of institutions. This article discussed the importance of the role of risk management and to implement a risk-management program in higher education institutions that have high expectations as a world-class education institution. The risk-management program is also more optimal if it supported by a good communication between all leaders and staffs in the organizational environment.

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