Dynamic Risk Assessment and Management of Domino Effects and Cascading Events in the Process Industry

Dynamic Risk Assessment and Management of Domino Effects and Cascading Events in the Process Industry
Author: Valerio Cozzani,Genserik Reniers
Publsiher: Elsevier
Total Pages: 312
Release: 2021-07-01
ISBN 10: 0081028393
ISBN 13: 9780081028391
Language: EN, FR, DE, ES & NL

Dynamic Risk Assessment and Management of Domino Effects and Cascading Events in the Process Industry Book Review:

Dynamic Risk Assessment and Management of Domino Effects and Cascading Events in the Process Industry provides insights into emerging and state-of-the-art methods for the dynamic assessment of risk and safety barrier performance in the framework of domino effect risk management. The book presents methods and tools to manage the risk of cascading events involving the chemical and process industry. It is an ideal reference for both safety and security managers, industrial risk stakeholders, scientists and practitioners. In addition, laymen may find the state-of-the-art methods concerning domino effects (large-scale accidents) and how to prevent their propagation an interesting topic of study. Includes dynamic hazard and risk assessment methods Presents methods for safety barrier performance assessment Addresses the effect of harsh environment on domino risk assessment Relates physical security in relation to domino effects Includes innovative methods and tools

Dynamic Risk Analysis in the Chemical and Petroleum Industry

Dynamic Risk Analysis in the Chemical and Petroleum Industry
Author: Nicola Paltrinieri,Faisal Khan
Publsiher: Butterworth-Heinemann
Total Pages: 284
Release: 2016-08-06
ISBN 10: 0128038233
ISBN 13: 9780128038239
Language: EN, FR, DE, ES & NL

Dynamic Risk Analysis in the Chemical and Petroleum Industry Book Review:

Dynamic Risk Analysis in the Chemical and Petroleum Industry focuses on bridging the gap between research and industry by responding to the following questions: What are the most relevant developments of risk analysis? How can these studies help industry in the prevention of major accidents? Paltrinieri and Khan provide support for professionals who plan to improve risk analysis by introducing innovative techniques and exploiting the potential of data share and process technologies. This concrete reference within an ever-growing variety of innovations will be most helpful to process safety managers, HSE managers, safety engineers and safety engineering students. This book is divided into four parts. The Introduction provides an overview of the state-of-the-art risk analysis methods and the most up-to-date popular definitions of accident scenarios. The second section on Dynamic Risk Analysis shows the dynamic evolution of risk analysis and covers Hazard Identification, Frequency Analysis, Consequence Analysis and Establishing the Risk Picture. The third section on Interaction with Parallel Disciplines illustrates the interaction between risk analysis and other disciplines from parallel fields, such as the nuclear, the economic and the financial sectors. The final section on Dynamic Risk Management addresses risk management, which may dynamically learn from itself and improve in a spiral process leading to a resilient system. Helps dynamic analysis and management of risk in chemical and process industry Provides industry examples and techniques to assist you with risk- based decision making Addresses also the human, economic and reputational aspects composing the overall risk picture

Risk Reliability and Safety Innovating Theory and Practice

Risk  Reliability and Safety  Innovating Theory and Practice
Author: Lesley Walls,Matthew Revie,Tim Bedford
Publsiher: CRC Press
Total Pages: 486
Release: 2016-11-25
ISBN 10: 149878898X
ISBN 13: 9781498788984
Language: EN, FR, DE, ES & NL

Risk Reliability and Safety Innovating Theory and Practice Book Review:

Risk, Reliability and Safety contains papers describing innovations in theory and practice contributed to the scientific programme of the European Safety and Reliability conference (ESREL 2016), held at the University of Strathclyde in Glasgow, Scotland (25—29 September 2016). Authors include scientists, academics, practitioners, regulators and other key individuals with expertise and experience relevant to specific areas. Papers include domain specific applications as well as general modelling methods. Papers cover evaluation of contemporary solutions, exploration of future challenges, and exposition of concepts, methods and processes. Topics include human factors, occupational health and safety, dynamic and systems reliability modelling, maintenance optimisation, uncertainty analysis, resilience assessment, risk and crisis management.

Domino Effects in the Process Industries

Domino Effects in the Process Industries
Author: Genserik Reniers,Valerio Cozzani
Publsiher: Newnes
Total Pages: 384
Release: 2013-07-08
ISBN 10: 0444543244
ISBN 13: 9780444543240
Language: EN, FR, DE, ES & NL

Domino Effects in the Process Industries Book Review:

Domino Effects in the Process Industries discusses state-of-the-art theories, conceptual models, insights and practical issues surrounding large-scale knock-on accidents—so-called domino effects—in the chemical and process industries. The book treats such extremely low-frequency phenomena from a technological perspective, studying possible causes and introducing several approaches to assess and control the risks of these scenarios. The authors also examine these events from a managerial viewpoint, discussing single and multi-plant management insights and requirements to take pro-active measures to prevent such events. Academics, regulators, and industrialists who study and analyze domino effects in order to prevent such events will find the book unique and highly valuable. Outlines available methods in analyzing these events, aiding understanding of the accidents and their causes Covers current modelling, control and management tactics of domino effects, -facilitating prevention Identifies areas where new research is needed

Engineering Risk Management

Engineering Risk Management
Author: Thierry Meyer,Genserik Reniers
Publsiher: Walter de Gruyter GmbH & Co KG
Total Pages: 352
Release: 2016-05-24
ISBN 10: 3110423553
ISBN 13: 9783110423556
Language: EN, FR, DE, ES & NL

Engineering Risk Management Book Review:

This revised 2nd edition of Engineering Risk Management presents engineering aspects of risk management. After an introduction to potential risks the authors presents management principles, risk diagnostics, analysis and treatments followed by examples of practical implementation in chemistry, physics and emerging technologies such as nanoparticles.

Lees Process Safety Essentials

Lees  Process Safety Essentials
Author: Sam Mannan
Publsiher: Butterworth-Heinemann
Total Pages: 570
Release: 2013-11-12
ISBN 10: 0080962300
ISBN 13: 9780080962306
Language: EN, FR, DE, ES & NL

Lees Process Safety Essentials Book Review:

Lees' Process Safety Essentials is a single-volume digest presenting the critical, practical content from Lees' Loss Prevention for day-to-day use and reference. It is portable, authoritative, affordable, and accessible — ideal for those on the move, students, and individuals without access to the full three volumes of Lees'. This book provides a convenient summary of the main content of Lees', primarily drawn from the hazard identification, assessment, and control content of volumes one and two. Users can access Essentials for day-to-day reference on topics including plant location and layout; human factors and human error; fire, explosion and toxic release; engineering for sustainable development; and much more. This handy volume is a valuable reference, both for students or early-career professionals who may not need the full scope of Lees', and for more experienced professionals needing quick, convenient access to information. Boils down the essence of Lees'—the process safety encyclopedia trusted worldwide for over 30 years Provides safety professionals with the core information they need to understand the most common safety and loss prevention challenges Covers the latest standards and presents information, including recent incidents such as Texas City and Buncefield

Proceedings of the 4th Congr s International de G otechnique Ouvrages Structures

Proceedings of the 4th Congr  s International de G  otechnique   Ouvrages  Structures
Author: Hoang-Hung Tran-Nguyen,Henry Wong,Frederic Ragueneau,Cuong Ha-Minh
Publsiher: Springer
Total Pages: 1168
Release: 2017-10-20
ISBN 10: 9811067139
ISBN 13: 9789811067136
Language: EN, FR, DE, ES & NL

Proceedings of the 4th Congr s International de G otechnique Ouvrages Structures Book Review:

This proceedings volume for the 4th international conference CIGOS 2017 (Congrès International de Géotechnique - Ouvrages - Structures) presents novel technologies, solutions and research advances, making it an excellent guide in civil engineering for researchers, students, and professional engineers alike. Since 2010, CIGOS has become a vital forum for international scientific exchange on civil engineering. It aims to promote beneficial economic partnerships and technology exchanges between enterprises, worldwide institutions and universities. Following the success of the last three CIGOS conferences (2010, 2013 and 2015), the 4th conference was held at Ho Chi Minh City University of Technology, Ho Chi Minh City (Saigon), Vietnam on 26 to 27 October 2017. The main scientific themes of CIGOS 2017 were focused on ‘New Challenges in Civil Engineering’.

Domino Effects in the Process Industries

Domino Effects in the Process Industries
Author: Valerio Cozzani,Giacomo Antonioni,Nima Khakzad,Faisal Khan,Jerome Taveau,Genserik Reniers
Publsiher: Elsevier Inc. Chapters
Total Pages: 384
Release: 2013-07-08
ISBN 10: 012808250X
ISBN 13: 9780128082508
Language: EN, FR, DE, ES & NL

Domino Effects in the Process Industries Book Review:

The complexity of domino scenarios represented a considerable obstacle to the quantitative assessment of risk posed by escalation events. In the present chapter, the state of the art concerning quantitative approaches proposed for the assessment of risk caused by domino accidents is summarized. A procedure for the quantitative risk assessment of domino accidents, suitable for the calculation of individual and societal risk indexes, is outlined. Alternative approaches proposed for the quantitative assessment of domino effects, based on Bayesian techniques and Monte Carlo simulations, are also described.

The Science and Practice of Resilience

The Science and Practice of Resilience
Author: Igor Linkov,Benjamin D. Trump
Publsiher: Springer
Total Pages: 209
Release: 2019-01-17
ISBN 10: 303004565X
ISBN 13: 9783030045654
Language: EN, FR, DE, ES & NL

The Science and Practice of Resilience Book Review:

This book offers a comprehensive view on resilience based upon state-of-the-science theories and methodological applications that resilience may fill. Specifically, this text provides a compendium of knowledge on the theory, methods, and practice of resilience across a variety of country and case contexts, and demonstrates how a resilience-based approach can help further improved infrastructure, vibrant societies, and sustainable environments and ecologies, among many others. Resilience is a term with thousands of years of history. Only recently has resilience been applied to the management of complex interconnected systems, yet its impact as a governing philosophy and an engineering practice has been pronounced. Colloquially, resilience has been used as a synonym for ‘bouncing back’. Philosophically and methodologically, however, it is much more. In a world defined by interconnected and interdependent systems such as water, food, energy, transportation, and the internet, a sudden and unexpected disruption to one critical system can lead to significant challenges for many others. The Science and Practice of Resilience is beneficial for those seeking to gain a rich knowledge of the resilience world, as well as for practitioners looking for methods and tools by which resilience may be applied in real-world contexts.

Natech Risk Assessment and Management

Natech Risk Assessment and Management
Author: Elisabeth Krausmann,Ana Maria Cruz,Ernesto Salzano
Publsiher: Elsevier
Total Pages: 268
Release: 2016-11-01
ISBN 10: 0128038799
ISBN 13: 9780128038796
Language: EN, FR, DE, ES & NL

Natech Risk Assessment and Management Book Review:

Natech Risk Assessment and Management: Reducing the Risk of Natural-Hazard Impact on Hazardous Installations covers the entire spectrum of issues pertinent to Natech risk assessment and management. After a thorough introduction of the topic that includes definitions of terms, authors Krausmann, Cruz, and Salzano discuss various examples of international frameworks and provide a detailed view of the implementation of Natech Risk Management in the EU and OECD. There is a dedicated chapter on natural-hazard prediction and measurement from an engineering perspective, as well as a consideration of the impact of climate change on Natech risk. The authors also discuss selected Natech accidents, including recent examples, and provide specific ‘lessons learned’ from each, as well as an analysis of all essential elements of Natech risk assessment, such as plant layout, substance hazards, and equipment vulnerability. The final section of the book is dedicated to the reduction of Natech risk, including structural and organizational prevention and mitigation measures, as well as early warning issues and emergency foreword planning. Teaches chemical engineers and safety managers how to safeguard chemical processing plants and pipelines against natural disasters Includes international regulations and explains how to conduct a natural hazards risk assessment, both of which are supported by examples and case studies Discusses a broad range of hazards and the multidisciplinary aspects of risk assessment in a detailed and accessible style

Engineering a Safer World

Engineering a Safer World
Author: Nancy G. Leveson
Publsiher: Engineering Systems
Total Pages: 560
Release: 2016-10-17
ISBN 10: 0262533693
ISBN 13: 9780262533690
Language: EN, FR, DE, ES & NL

Engineering a Safer World Book Review:

A new approach to safety, based on systems thinking, that is more effective, less costly, and easier to use than current techniques. Engineering has experienced a technological revolution, but the basic engineering techniques applied in safety and reliability engineering, created in a simpler, analog world, have changed very little over the years. In this groundbreaking book, Nancy Leveson proposes a new approach to safety--more suited to today's complex, sociotechnical, software-intensive world--based on modern systems thinking and systems theory. Revisiting and updating ideas pioneered by 1950s aerospace engineers in their System Safety concept, and testing her new model extensively on real-world examples, Leveson has created a new approach to safety that is more effective, less expensive, and easier to use than current techniques. Arguing that traditional models of causality are inadequate, Leveson presents a new, extended model of causation (Systems-Theoretic Accident Model and Processes, or STAMP), then shows how the new model can be used to create techniques for system safety engineering, including accident analysis, hazard analysis, system design, safety in operations, and management of safety-critical systems. She applies the new techniques to real-world events including the friendly-fire loss of a U.S. Blackhawk helicopter in the first Gulf War; the Vioxx recall; the U.S. Navy SUBSAFE program; and the bacterial contamination of a public water supply in a Canadian town. Leveson's approach is relevant even beyond safety engineering, offering techniques for "reengineering" any large sociotechnical system to improve safety and manage risk.

Safety and Reliability Safe Societies in a Changing World

Safety and Reliability     Safe Societies in a Changing World
Author: Stein Haugen,Anne Barros,Coen van Gulijk,Trond Kongsvik,Jan Erik Vinnem
Publsiher: CRC Press
Total Pages: 3202
Release: 2018-06-15
ISBN 10: 1351174657
ISBN 13: 9781351174657
Language: EN, FR, DE, ES & NL

Safety and Reliability Safe Societies in a Changing World Book Review:

Safety and Reliability – Safe Societies in a Changing World collects the papers presented at the 28th European Safety and Reliability Conference, ESREL 2018 in Trondheim, Norway, June 17-21, 2018. The contributions cover a wide range of methodologies and application areas for safety and reliability that contribute to safe societies in a changing world. These methodologies and applications include: - foundations of risk and reliability assessment and management - mathematical methods in reliability and safety - risk assessment - risk management - system reliability - uncertainty analysis - digitalization and big data - prognostics and system health management - occupational safety - accident and incident modeling - maintenance modeling and applications - simulation for safety and reliability analysis - dynamic risk and barrier management - organizational factors and safety culture - human factors and human reliability - resilience engineering - structural reliability - natural hazards - security - economic analysis in risk management Safety and Reliability – Safe Societies in a Changing World will be invaluable to academics and professionals working in a wide range of industrial and governmental sectors: offshore oil and gas, nuclear engineering, aeronautics and aerospace, marine transport and engineering, railways, road transport, automotive engineering, civil engineering, critical infrastructures, electrical and electronic engineering, energy production and distribution, environmental engineering, information technology and telecommunications, insurance and finance, manufacturing, marine transport, mechanical engineering, security and protection, and policy making.

Megaproject Risk Analysis and Simulation

Megaproject Risk Analysis and Simulation
Author: Prince Boateng,Zhen Chen,Stephen O. Ogunlana
Publsiher: Emerald Group Publishing
Total Pages: 360
Release: 2017-04-28
ISBN 10: 1787143015
ISBN 13: 9781787143012
Language: EN, FR, DE, ES & NL

Megaproject Risk Analysis and Simulation Book Review:

Providing new knowledge on risk analysis and simulation for megaprojects, this book is essential reading for both academics and practitioners. Its focus is on technical descriptions of a newly developed dynamic systems approach to megaproject risk analysis and simulation.

Bayesian Networks and Decision Graphs

Bayesian Networks and Decision Graphs
Author: Thomas Dyhre Nielsen,FINN VERNER JENSEN
Publsiher: Springer Science & Business Media
Total Pages: 448
Release: 2009-03-17
ISBN 10: 0387682821
ISBN 13: 9780387682822
Language: EN, FR, DE, ES & NL

Bayesian Networks and Decision Graphs Book Review:

This is a brand new edition of an essential work on Bayesian networks and decision graphs. It is an introduction to probabilistic graphical models including Bayesian networks and influence diagrams. The reader is guided through the two types of frameworks with examples and exercises, which also give instruction on how to build these models. Structured in two parts, the first section focuses on probabilistic graphical models, while the second part deals with decision graphs, and in addition to the frameworks described in the previous edition, it also introduces Markov decision process and partially ordered decision problems.

Risk Modeling for Hazards and Disasters

Risk Modeling for Hazards and Disasters
Author: Gero Michel
Publsiher: Elsevier
Total Pages: 338
Release: 2017-08-29
ISBN 10: 0128040939
ISBN 13: 9780128040935
Language: EN, FR, DE, ES & NL

Risk Modeling for Hazards and Disasters Book Review:

Risk Modeling for Hazards and Disasters covers all major aspects of catastrophe risk modeling, from hazards through to financial analysis. It explores relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses, and current changes in risk modeling practice, along with case studies. It also provides further insight into the shortcomings of current models and examines model risk and ideas to diversify risk assessment. Risk Modeling for Hazards and Disasters instructs readers on how to assess, price and then hedge the losses from natural and manmade catastrophes. This book reviews current model development and science and explains recent changes in the catastrophe modeling space, including new initiatives covering uncertainty and big data in the assessment of risk for insurance pricing and portfolio management. Edited by a leading expert in both hazards and risk, this book is authored by a global panel including major modeling vendors, modeling consulting firms, and well-known catastrophe modeling scientists. Risk Modeling for Hazards and Disasters provides important insight into how models are used to price and manage risk. Includes high profile case studies such as the Newcastle earthquake, Hurricane Andrew and Hurricane Katrina Provides crucial information on new ideas and platforms that will help address the new demands for risk management and catastrophe risk reporting Presents the theory and practice needed to know how models are created and what is and what is not important in the modeling process Covers relevant new science in risk modeling, indirect losses, assessment of impact and consequences to insurance losses, and current changes in risk modeling practice, along with case studies

Fires Explosions and Toxic Gas Dispersions

Fires  Explosions  and Toxic Gas Dispersions
Author: Marc J. Assael,Konstantinos E. Kakosimos
Publsiher: CRC Press
Total Pages: 349
Release: 2010-02-23
ISBN 10: 9781439826768
ISBN 13: 1439826765
Language: EN, FR, DE, ES & NL

Fires Explosions and Toxic Gas Dispersions Book Review:

Today’s risk analysis is a very challenging field, and a solid understanding of the calculations procedure associated with it is essential for anyone involved. Fires, Explosions, and Toxic Gas Dispersions: Effects Calculation and Risk Analysis provides an overview of the methods used to assess the risk of fires, explosions, and toxic gas dispersion, and then deduce the subsequent effects and consequences of these events. The authors cover various aspects of such incidents, including the probability that an accident will occur, and how to calculate leaks, heat flux, overpressure, and the concentration of toxic clouds. The book follows by describing the consequences to people (injury or death) and material damages, and it concludes with a discussion of possible causes of destruction and common circumstances that can result in accidents. Some key features of this book include: Introduction of basic techniques of hazard identification, emphasizing "what if" and HAZOP analyses Step-by-step procedures for the calculation of fires (i.e., pool fire, jet fire, fire ball), explosions (VCE, BLEVE), and concentration of toxic clouds (light and heavy gases) Methods for determining probability of injuries or lethality Invaluable to professionals, researchers, and students whose work involves predicting the consequences of accidents, this book describes simple modern methods, which are a great aid for understanding the meaning of all the variables involved—in contrast to current complicated computer packages, which produce only results. Filling the existing gap in useful literature on risk analysis, this book follows a logical structure and presents straightforward, step-by-step calculation procedures and numerous examples that will be valuable in both teaching and learning the content.

Evaluation of the Effects and Consequences of Major Accidents in Industrial Plants

Evaluation of the Effects and Consequences of Major Accidents in Industrial Plants
Author: Joaquim Casal
Publsiher: Elsevier
Total Pages: 570
Release: 2017-09-21
ISBN 10: 044463892X
ISBN 13: 9780444638922
Language: EN, FR, DE, ES & NL

Evaluation of the Effects and Consequences of Major Accidents in Industrial Plants Book Review:

Evaluation of the Effects and Consequences of Major Accidents in Industrial Plants, Second Edition, covers the essential aspects of a diverse range of major accidents including fires, explosions and toxic clouds, and provides the key models necessary to calculate their effects and consequences with applications to real incidents. New topics in this up-to-date edition include dust explosions, evaluation of frequencies and probabilities, domino effect, transportation of hazardous materials, and analysis of significant accidents. The new edition of Evaluation of the Effects and Consequences of Major Accidents in Industrial Plants is a valuable resource to engineers from the chemical/petrochemical industry and those working with the transportation of hazardous materials (by road, rail, or pipelines), in addition to engineering companies and academics alike. Evaluates the expected/probable occurrence frequency of major accidents Describes the main features of fires, explosions and toxic releases Includes mathematical modeling of major accidents, evaluation of their effects, and consequences on people and equipment Explains how to perform a Quantitative Risk Analysis

Practical Project Risk Management

Practical Project Risk Management
Author: David Hillson
Publsiher: Berrett-Koehler Publishers
Total Pages: 282
Release: 2012-08
ISBN 10: 1523097132
ISBN 13: 9781523097135
Language: EN, FR, DE, ES & NL

Practical Project Risk Management Book Review:

This second edition of the book reflects the authors' work to continually improve upon the model and to apply the methodology to a broader range of issues. The book includes: • An entirely new chapter on managing risk in programs, which is an important dimension in today's world of ever more complex initiatives • Updated material and methodology more closely aligned with relevant international standards • Emphasis on minimizing the threats and maximizing the opportunities to optimize achievement of your project goals Based on sound principles and best practices, this book guides any member of the project management team in conducting risk management in a real-world environment.

Reliability of Safety Critical Systems

Reliability of Safety Critical Systems
Author: Marvin Rausand
Publsiher: John Wiley & Sons
Total Pages: 466
Release: 2014-03-03
ISBN 10: 1118553381
ISBN 13: 9781118553381
Language: EN, FR, DE, ES & NL

Reliability of Safety Critical Systems Book Review:

Presents the theory and methodology for reliabilityassessments of safety-critical functions through examples from awide range of applications Reliability of Safety-Critical Systems: Theory andApplications provides a comprehensive introduction toreliability assessments of safety-related systems based onelectrical, electronic, and programmable electronic (E/E/PE)technology. With a focus on the design and development phases ofsafety-critical systems, the book presents theory and methodsrequired to document compliance with IEC 61508 and the associatedsector-specific standards. Combining theory and practical applications, Reliability ofSafety-Critical Systems: Theory and Applications implements keysafety-related strategies and methods to meet quantitative safetyintegrity requirements. In addition, the book details a variety ofreliability analysis methods that are needed during all stages of asafety-critical system, beginning with specification and design andadvancing to operations, maintenance, and modification control. Thekey categories of safety life-cycle phases are featured, includingstrategies for the allocation of reliability performancerequirements; assessment methods in relation to design; andreliability quantification in relation to operation andmaintenance. Issues and benefits that arise from complex moderntechnology developments are featured, as well as: Real-world examples from large industry facilities with majoraccident potential and products owned by the general public such ascars and tools Plentiful worked examples throughout that provide readers witha deeper understanding of the core concepts and aid in the analysisand solution of common issues when assessing all facets ofsafety-critical systems Approaches that work on a wide scope of applications and can beapplied to the analysis of any safety-critical system A brief appendix of probability theory for reference With an emphasis on how safety-critical functions are introducedinto systems and facilities to prevent or mitigate the impact of anaccident, this book is an excellent guide for professionals,consultants, and operators of safety-critical systems who carry outpractical, risk, and reliability assessments of safety-criticalsystems. Reliability of Safety-Critical Systems: Theory andApplications is also a useful textbook for courses inreliability assessment of safety-critical systems and reliabilityengineering at the graduate-level, as well as for consultingcompanies offering short courses in reliability assessment ofsafety-critical systems.

Operational Risk Management

Operational Risk Management
Author: Ariane Chapelle
Publsiher: John Wiley & Sons
Total Pages: 272
Release: 2019-02-04
ISBN 10: 1119549043
ISBN 13: 9781119549048
Language: EN, FR, DE, ES & NL

Operational Risk Management Book Review:

OpRisk Awards 2020 Book of the Year Winner! The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field. The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers. Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge.