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Safety Health and Environment Intra Industry Benchmarking Association
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Question 268 June 2004


Safety Risks & Expenditure Approval

A member writes: “We wish to improve our expenditure approval process by including more quantitative analyses of benefits v. costs for safety risks during investment-decision making.


Has any company developed (and would share) a risk assessment method / model which can be used to justify (or reject) projects in an engineering/industrial environment?"

Member owns and operates major power stations.

 
 

The following company answered this question:

  • GKN Aerospace

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