Risk informed regulation is an approach to regulation where risk insights are considered together with other factors to establish requirements that focus licensee and regulatory attention on design and operational issues appropriate with their importance to
public health and safety.
The need to focus resources on safety significant issues is becoming a key requirement for any modern regulatory regime. Informing regulatory requirements and activities with risk insights will bring numerous benefits to a variety of regulated industries. These benefits usually translate into less need for regulatory attention with a simultaneous increase in the safety performance of regulated industries.
ENCONET Consulting has developed extensive expertise and gained experience in the utilization of risk insights and risk methods to support the re-focusing of regulatory activities. ENCONET’s experience encompasses activities on the utilization of risk insight in optimizing a variety or regulatory tasks from regulatory assessment to inspection and decision making practices.
Specific solutions employed by ENCONET use the world’s best practices, but at the same time adjust those to reflect specifics of a regulatory regime and an industry. ENCONET’s solutions will reflect both the experience gained and state of the art technologies. ENCONET’s own developments are used along with solutions tested and proven elsewhere.
Services in this area offered by ENCONET include:
- Fact finding and assessment visits
- PSA review and certification for applications
- Development of strategic goals
- Establishment of action plans
- Introduction of procedures and work practices to reflect risk requirements
- Staff and management training on technical topics
- Defining and implementing pilot programs
- Management of change
- Adoption of tools and new IT solutions
REGULATORY APPLICATIONS of PSA
- RI rules and requirements
- Effectiveness of rules & requirements
- Training of regulatory staff
- Risk follow-up
- Risk-based safety indicators
- Impact of ageing
- Regulatory use of risk monitors
- Operational events analysis
- Periodic safety review
- Assessment of deviations
- Ranking of safety issues
- Risk informed inspection
- Response to emergency conditions
- Prioritisation of regulatory research
