Explore BrainMass

Explore BrainMass

    Analyzing Risks

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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

    Solution Preview

    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.