Control, and Assessment of Risks in Firms, particularly the Coca Cola Company - Case Study Example

This report is based on the chemical and processing industry like Coca Cola Company in the United States. This is a workplace that is predisposed to numerous and serious safety hazards. Some of the possible hazards in such an environment include fire outbreaks, injuries, acid corrosion, noise, and explosions. There are several reported cases of injuries, loss of property, or loss of lives that occur in various workplaces. This is because some organizations have not put in place appropriate Safety Management Systems.

            Besides, they lack proficiency in the efficient techniques of identifying potential hazards, their control, and risk assessment; hence, exposing their employees to a great risk of suffering consequences of the hazards. Hazard analysis entails the identification of hazards that a facility, like a chemical and processing industry, and evaluation of probable scenarios that lead to undesired consequences. The hazard analysis phase is vital in the process of risk management, for there is no action designed to reduce, or avoid, the impact of unidentified hazards.

Moreover, this stage has the most possible error with no or little feedback of the errors. It relies on a systematic and structured approach in order to identify risks. There are numerous ways of performing out this work in different stages during the process’s life cycle. They differ from a concept safety review that is performed in the process’s initial stages, to a HAZOP study that is done on a completely operational firm.             It is imperative to select the most suitable identification method because this does not only provide a suitable level of detail but also aims at identifying hazards that relate to particular areas.

There are several factors that need to be considered when choosing a suitable method. A number of methods that have the same objectives and used correctly ought to produce comparable results. These identification methods are structured processes to identify fault situations, which can cause hazards, and minimize the chance of avoiding hazardous events. They all need substantial expertise and experience.