Risk assessment 3 Essay Example | Topics and Well Written Essays - 2750 words

Risk assessment 3 - stress ExampleHere we have production of the Formaldehyde that is supplied to a number of Industrial Customers throughout the UK and Europe. The principal(prenominal) problem we are facing is with the place where our company is situated. This place is outside the industrial centre of the metropolis and is relatively close to three housing estates and a sm completely village, which in total have a population of 3000 people. The next problem is the tributary to the River Dee that passes directly alongside to companys site boundary. This River is a successful habitat for salmon and other species of wildlife. Our production of Formaldehyde and industrial wastes are hazard to these habitats.The briny advantage of this location is the facilities of adjacent road and rail network which is utilized to transport our products. And also this give is here over 40 years and it is really a prime location.There is also natural spring from the tanks of Formaldehyde because a small formaldehyde leak from an on site storage tank more or less three years ago. The leakage was contained within the tank storage bund. There is a great danger to the levies of employment and residential people those are approximately 1250 persons. The production of the formaldehyde is a major bossiness demonstrate of our company so we did not stop its production. The thing we can de is the enhancement of companies overall working system. For this all we have to do a compliance risk analysis research and the identification of weak sectors where we lead to so work. The main purpose of this report is to streamline the major risk factors and devising a mitigation plan for there resolution.In this section I will present a detailed risk assessment using a quantitative method. The main purpose of this assessment is to discover risks to our business from the on site process and transportation off site of formaldehyde. Here I have selected the event channelise analysis