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Is your nuclear project bogged down by excessive safety measures? Over-engineering can inflate costs without enhancing safety Over-engineering safety can be as problematic as under-engineering. SIL levels are about the appropriate risk reduction, not excess. SIL 1 → 10x risk reduction SIL 2 → 100x risk reduction SIL 3 → 1000x risk reduction Each jump is significant. And costly. The key? Understand your actual risk exposure. It's not about the highest SIL. It's about the right SIL. How do you balance safety and efficiency in your projects? #FunctionalSafety #EngineeringLeadership

Is your nuclear project bogged down by excessive safety measures? Over-engineering can inflate costs without enhancing safety Over-engineering safety can be as problematic as under-engineering. SIL levels are about the appropriate risk reduction, not excess. SIL 1 → 10x risk reduction SIL 2 → 100x risk reduction SIL 3 → 1000x risk reduction Each jump is significant. And costly. The key? Understand your actual risk exposure. It's not about the highest SIL. It's about the right SIL. How do you balance safety and efficiency in your projects? #FunctionalSafety #EngineeringLeadership

Is your nuclear project bogged down by excessive safety measures? Over-engineering can inflate costs without enhancing safety Over-engineering safety can be as problematic as under-engineering. SIL levels are about the appropriate risk reduction, not excess. SIL 1 → 10x risk reduction SIL 2 → 100x risk reduction SIL 3 → 1000x risk reduction Each jump is significant. And costly. The key? Understand your actual risk exposure. It's not about the highest SIL. It's about the right SIL. How do you balance safety and efficiency in your projects? #FunctionalSafety #EngineeringLeadership

Another one of our 2024 Nuclear Energy Risk Management seminars kicks off today in Toronto following a wonderful welcome dinner hosted by Matthew Pullen and Kate Fowler! As we enter our seventh straight decade of industry-leading investment in serving clients in this highly specialized sector, we’re so proud of the committment our global nuclear colleagues operating around the world continue to demonstrate at every stage of the nuclear value chain for both our fission and our fusion industry clients. From the very first contracts in support of suppliers to the most recent in support of developers, our history of sustainable, continuous improvement in cost of risk management for these carbon free sources of energy is simply unparalleled. Wishing all our partners and colleagues in Toronto today the very best! #energytransition #energytransformation #energyexpansion #nuclear #risk #riskmanagement #insurance #marsh #mmc Jonathan Butts Matthew Kendle Everett Hansen Dan Evans Nidhi Sood Abbi Jose J. Gamez Teresa Janecek Joanne Silberberg

Eadon Consulting Ltd recognises that information is an asset of intrinsic value, and protection of that information is paramount for us and our clients. We recently attended a supply chain assurance day at the Office for Nuclear Regulation to ensure that we are keeping pace with industry expectations and proactively preparing for any upcoming changes. It was a great opportunity to reinforce our commitment to excellence and security in our practices. #datasecurity #informationsecurity

🔍 For three decades, the pipeline industry has used quantitative risk assessments (QRA) to evaluate risks. These approaches vary in detail and rigour, impacting their operational benefits. More rigorous models require more data and resources but offer greater benefits. To help operators and regulators, C-FER teamed up with PHMSA to review QRA approaches and explore insights from other industries like nuclear, aviation, offshore, and power transmission. Learn about: 📊 QRA considerations in the review 🚀 C-FER’s 5-Step Review Process 🔑 Three key recommendations for enhancing QRA models Learn more about our work by visiting our website! 👉 https://lnkd.in/dvTFXqAB #RiskAssessment #PipelineSafety #EngineeringExcellence #QRA #pipelineindustry #pipelineriskmanagement #pipelineintegrity #oilandgas #engineeringconsulting #energyindustry #PIRAMID

“This handbook was written for anyone involved in critical infrastructure risk assessment. Ernie Hayden guides you through the quagmire of complex terms and essential concepts to gain a clear understanding of critical infrastructure and risk assessment. The responsible executive or risk assessor will want to keep this reference by their side while planning, conducting, or using any risk assessment.” – Gil Oakley, Retired, Institute of Nuclear Power Operations ORDER Critical Infrastructure Risk Assessment: The Definitive Threat Identification and Threat Reduction Handbook NOW to get your hands-on, step-by-step guide to understanding, prioritizing and mitigating critical risk -------> https://buff.ly/3khv9Ng

"Nuclear verdicts of at least $10 million reached a 15-year high in 2023, while 27 verdicts were “thermonuclear,” or more than $100 million, according to a new study by research firm Marathon Strategies." Leading businesses are implementing further risk management strategies, ensuring safety protocols, and having adequate and accurate insurance coverage are crucial steps to safeguard your business against catastrophic claims. Is your business trying to minimize exposure to nuclear verdicts? https://lnkd.in/eWcd5WUr

Orano Loses Control of Niger’s Somair Uranium Mine Amid Governance Issues Orano, a major player in the nuclear energy sector, has lost control of its Somair uranium mine in Niger due to governance issues and interference from Nigerien authorities. The French company, which owns over 60% of Somair, had already suspended production after Niger halted uranium exports last year. Niger, responsible for around 4% of global uranium production, has long been a key supplier to Orano. However, following a military coup in the country last year, the situation for international companies has become increasingly unstable. Orano cited the recent actions of…Read More Here https://lnkd.in/duPhJKSb

Gain a Competitive Edge in the Nuclear Supply Chain with ISO 19443 Certification! In the highly regulated nuclear sector, safety and quality are non-negotiable. Our latest blog explores how ISO 19443 certification can open doors for suppliers, offering credibility, market access, and alignment with global best practices. Discover the full benefits of ISO 19443 in our blog and see how compliance can drive sustainable growth and opportunity in this critical industry: https://buff.ly/3C88SPN Contact us at insight@businessport.net or +44 (0) 1224 33 00 00 to learn how our Integrated Management System can support your journey to compliance. #ISO19443 #NuclearSector #Compliance #RiskManagement #BusinessGrowth #QualityAssurance #SafetyFirst