HAZID (Hazard analysis)
For any project in any company, HAZID is carried out first to access risk in a process. Identification of different types of hazards is the main objective of HAZID. A hazard is a possible condition and exists or not (probability is 1 or 0). It may in single/multiple existence or in combination with other hazards or sometimes called events and conditions become an actual Functional Failure or AcciRead More…