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FCH-2611-0026 Project Lifecycle Risk Assessment

The document outlines the project life cycle risk assessment process. It identifies key project stages from idea through production and handover. For each stage, it shows the risk analysis activities including identifying risks, updating risk assessments, and monitoring risks. The goal is to continually evaluate risk identification and controls throughout the project life cycle.

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Nat Offei
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0% found this document useful (0 votes)
57 views1 page

FCH-2611-0026 Project Lifecycle Risk Assessment

The document outlines the project life cycle risk assessment process. It identifies key project stages from idea through production and handover. For each stage, it shows the risk analysis activities including identifying risks, updating risk assessments, and monitoring risks. The goal is to continually evaluate risk identification and controls throughout the project life cycle.

Uploaded by

Nat Offei
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Project Life Cycle Risk Assessment

IDEA CONCEPT DEVELOPMENT BASIC ENGINEERING EPCM COMMISSIONING PRODUCTION & HANDOVER
PROJECT
STAGE

EVALUATION OF RISK
HIGH LEVEL RISK UPDATE HIGH LEVEL RISK RISK ASSESSMENT UPDATE RISKS IMPLEMENTATION OF RISK MONITORING OF RISK
RISK ANALYSIS IDENTIFICATION & CONTROL
ASSESSMENT ASSESSMENT OF DESIGN & OPERABILITY OF DESIGN & OPERABILITY CONTROL PLANS CONTROL PLANS
PLANS

Reassess
Identify Business Risks of Business Risks Monitor Impact of Evaluate effectiveness
Monitor Impact of Design Track Implementation on Track Impact on Business
Business Risks Proceeding or Not of Proceeding or Not Proceeding with the Concept Business Risk
on Business Risks Business Risk Items Risk Items
Proceeding with the Project Proceeding Based on on Business Risks Identification & Controls
Superior Concept

Reassess
Identify Project Risks of
Project Risks of Identify Project Risks of Evaluate Effectiveness
Project Proceeding or Not Reassess Monitor/Track Monitor/Track
Proceeding or Not Proceeding with the Project Risks Identification
Risks Proceeding with the Project Risks Project Risks Project Risks
Proceeding Based on Project & Controls
Project
Superior Concept

Preliminary Evaluate HAZOP


Full HAZOP Monitor HAZOP Test HAZOP
HAZOP HAZOP Identification
If required Issues Identified Controls Identified
(process risks) & Controls

Job Safety Identify Job Develop JSA


Analysis Safety Analysis (Operations and Refine JSA Update JSA Implement JSA
(if required) Safety Group)

Evaluate the
Risk Assessment of effectiveness of the
Reassess the Risks of Monitor & Control the
Commissioning Risks Commissioning commissioning risks
Commissioning Risks of Commissioning
Activities identification and
controls

Identify & Communicate Monitor Evaluate


HSEC Checklist - Construction Activity Construction Activity Construction Activity
Construction Risks Risks & Requirements Risks & Requirements Risks Identification &
Compliance

Risk Assessment
Handover of Asset
of Asset
Asset Disposal Risks Disposal Risk
Decommissioning and
Assessment
Disposal

Printed copies are not controlled.


Issue Date Revision Date: Rev. # Document Number Page
13-Jan-09 0 FCH-2611-0026 1 of 1

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