Hazard Analysis Techniques, Imagine you are the safety manager for a large company that manufactures cardboard products. The organization has been developing a risk management process over the past year, and has determined that Preliminary Hazard Analysis, Failure Modes and Effects Analysis, and Bow-Tie Analysis are the possible choices for the risk assessment technique to be used. You have been asked to provide your recommendation on which one of the three techniques should be adopted. Once completed and implemented, the new risk management process will be used to evaluate existing operations as well as proposed new processes. Compose a document that explains the advantages and disadvantages of each of the three methods and recommends one for adoption. Include examples that support the discussion. You may make assumptions about the organization and its operations as needed, but be sure you state the assumptions. Be sure to use information from your textbook and other resources to defend your decision.

Hazard Analysis Techniques

Preliminary Hazard Analysis (PHA) is a risk assessment technique that involves identifying hazards and assessing their likelihood and potential impact on an organization. One advantage of PHA is that it can be completed quickly, making it a useful tool for identifying and addressing immediate hazards (Henderson & Razzak, 2019). However, PHA may not be as effective at identifying all potential hazards, as it relies on the knowledge and experience of the individuals conducting the analysis (Henderson & Razzak, 2019). Failure Modes and Effects Analysis (FMEA) is a technique that involves identifying potential failure modes of a system and assessing the likelihood and potential impact of each failure (Li et al., 2021). One advantage of FMEA is that it can help organizations identify potential failures before they occur, allowing them to take preventative measures (Li et al., 2021). However, FMEA can be time-consuming and may require a significant amount of resources to complete (Henderson & Razzak, 2019). Bow-Tie Analysis is a risk assessment technique that involves creating a visual representation of the relationships between hazards, controls, and potential consequences (Henderson & Razzak, 2019). One advantage of Bow-Tie Analysis is that it provides a clear and concise overview of the potential risks and controls in a system (Henderson & Razzak, 2019). However, Bow-Tie Analysis may be less effective at identifying all potential hazards, as it relies on the knowledge and experience of the individuals creating the analysis (Li et al., 2021). Cont…