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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?

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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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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 provided by:
Tamara Daniels, MS
Education
  • Master Online Teacher Certificate, University of Illinois
  • MS, National Louis University
  • MA, National Louis University
  • BA, University of Illinois
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