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    Analyzing Risks

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    What's the difference between a HAZOP method of analysis and a core risk management process?

    © BrainMass Inc. brainmass.com June 4, 2020, 2:57 am ad1c9bdddf
    https://brainmass.com/business/business-management/hazop-method-versus-core-risk-management-process-490031

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    Both methods have their positives...

    According to PQRI.com, HAZOP studies are brainstorming sessions that are fueled by a pool of guide words that define deviation perspectives and drive the imagination process. It is "an inductive risk assessment tool, meaning that it is a 'bottom-up' risk ...

    Solution Summary

    This excerpt explains the differences between HAZOP and core risk management processes, which are frequently used for analyzing risks on projects.

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