Hazard and Risk Analysis Sample Clauses

Hazard and Risk Analysis. To determine the hazards relating to the EUC and ECS for all reasonably foreseeable circumstances, and to determine the EUC risks associated with the hazardous events. • Overall Safety Requirements. To determine the target safety integrity requirements and the safety function requirements.
Sample 1
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Hazard and Risk Analysis. Figure 35 – Hazard Analysis and Risk Assessment related to the Industrial Domain The adapted Hazard Analysis and Risk Assessment (HARA) phase (see Figure 35) has the aim to determine hazards and risks for the EUC (Equipment under Control), and with the extension of the generic process, security threats are considered as well. During the Hazard and Risk Analysis, the hazards are identified for the EUC and the ECS (Electronic Control System) and integrated into a risk matrix. SIL levels and safety functions (top-level safety requirements) are identified (activity Derive Safety Goals) - this is aided by FMEA (Failure Mode and Effect Analysis). Then the SRS (Safety-Related System) is assessed using reliability modelling in order to check whether the intended target SILs are reasonable for the SRS or if further RRM (Risk Reduction Measures) are necessary in consideration of the ALARP (As Low As Reasonably Practicable) concept. The functional description and previously identified malfunctions are used as a basis for the HARA. Outputs of these activities are top-level safety requirements (called safety goals within the generic process) together with hazard scenarios, risk and safety level classification matrix, risk reduction measurements, (additionally) identified safety-related functions and a proven reliability diagram for the SRS. The original Hazard and Risk Analysis in the industrial domain process considered only safety aspects, while the adapted industrial process also considers security issues. Based on the functional system description and the former identified security violations, potential security threats to the system are identified. These threats are then rated by their criticality level and security goals are derived, this is aided by a security FMEA. With this knowledge, operational situations are evaluated to determine the interaction effects between safety and security properties, which might lead to the need of balancing safety and security requirements and efforts for the future design.
Sample 1

Related to Hazard and Risk Analysis

  • Data Analysis In the meeting, the analysis that has led the College President to conclude that a reduction- in-force in the FSA at that College may be necessary will be shared. The analysis will include but is not limited to the following: ● Relationship of the FSA to the mission, vision, values, and strategic plan of the College and district ● External requirement for the services provided by the FSA such as accreditation or intergovernmental agreements ● Annual instructional load (as applicable) ● Percentage of annual instructional load taught by Residential Faculty (as applicable) ● Fall Full-Time Student Equivalent (FFTE) inclusive of dual enrollment ● Number of Residential Faculty teaching/working in the FSA ● Number of Residential Faculty whose primary FSA is the FSA being analyzed ● Revenue trends over five years for the FSA including but not limited to tuition and fees ● Expenditure trends over five years for the FSA including but not limited to personnel and capital ● Account balances for any fees accounts within the FSA ● Cost/benefit analysis of reducing all non-Residential Faculty plus one Residential Faculty within the FSA ● An explanation of the problem that reducing the number of faculty in the FSA would solve ● The list of potential Residential Faculty that are at risk of layoff as determined by the Vice Chancellor of Human Resources ● Other relevant information, as requested

  • Periodic Risk Assessment Provider further acknowledges and agrees to conduct periodic risk assessments and remediate any identified security and privacy vulnerabilities in a timely manner.

  • Statistical Analysis 31 F-tests and t-tests will be used to analyze OV and Quality Acceptance data. The F-test is a 32 comparison of variances to determine if the OV and Quality Acceptance population variances 33 are equal. The t-test is a comparison of means to determine if the OV and Quality Acceptance 34 population means are equal. In addition to these two types of analyses, independent verification 35 and observation verification will also be used to validate the Quality Acceptance test results.

  • Risk Assessment An assessment of any risks inherent in the work requirements and actions to mitigate these risks.

  • Risk Warning 7.1. The Client unreservedly accepts, acknowledges and understands that CFDs trading: • is highly speculative; • carry a high level of financial risk, as they are subject to excessive price fluctuations which may cause substantial losses; • in the case of CFDs with underlying asset a virtual currency, there might be sudden changes in prices of certain instruments. This can happen during economic events or market announcements or geopolitical events, news, or even due to adverse media or fake news. Gaps can occur when markets open or close or even during normal trading hours. If the market is closed when these factors occur, the opening price of the underlying asset can be substantially different from the closing price, giving you no opportunity to close your trade in-between. Pricing gaps can result in losses. Therefore, CFDs on virtual currencies may be subject to large price fluctuations and in some instances, due to the early stages of their lifecycle, they may lose entire value. • the losses may include all of the Client’s investment and also any additional commissions and other expenses; • is only suitable for persons who are able to cope with the associated risks by bearing the financial losses; • the Company does not guarantee the capital of the Client’s Account or its value at any time or any money invested in any Financial Instrument;

  • Comprehensive Evaluation The Comprehensive evaluation is a growth-oriented, teacher/evaluator collaborative process that requires teachers to be evaluated on the eight (8) state criteria. A teacher must complete a Comprehensive evaluation once every six (6) years. Subsequent years they will be evaluated on a Focused evaluation, unless they have received a Basic or Unsatisfactory rating on their final comprehensive summative evaluation. Then they shall continue using the Comprehensive evaluation for the following year. All teachers during their provisional status must be on the Comprehensive evaluation.

  • Product Safety Seller must maintain the state of the product so that it is able to perform to its designed or intended purpose without causing unacceptable risk of harm to a person or damage to property.

  • Quality Assurance The parties endorse the underlying principles of the Company’s Quality Management System, which seeks to ensure that its services are provided in a manner which best conforms to the requirements of the contract with its customer. This requires the Company to establish and maintain, implement, train and continuously improve its procedures and processes, and the employees to follow the procedures, document their compliance and participate in the improvement process. In particular, this will require employees to regularly and reliably fill out documentation and checklists to signify that work has been carried out in accordance with the customer’s specific requirements. Where necessary, training will be provided in these activities.

  • Quality Assurance Program An employee shall be entitled to leave of absence without loss of earnings from her or his regularly scheduled working hours for the purpose of writing examinations required by the College of Nurses of Ontario arising out of the Quality Assurance Program.

  • Prescription Safety Glasses Prescription safety glasses will be furnished by the employer. The employer retains the authority to establish reasonable rules and procedures regarding frequency of issue, replacement of damaged glasses, limits on reimbursement costs and coordination with the employer's vision plan.

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