DuPont Introduces New Methodologies to Enhance Operational Risk Management
New Delhi, January 21, 2014: DuPont has announced the creation of a new suite of scalable methodologies aimed at helping companies to bolster their operational risk management systems. This new tool by DuPont Sustainable Solutions, a global operations management consultancy business of the organization will help companies to address technical skill shortages – an unintended consequence of demographic change – by building capabilities related to proper handling of hazardous materials.
“In working with clients to augment their operational risk management performance, we have seen first-hand that there is often a gap in the knowledge and skills required to manage hazardous materials safely,” says Srinivasan Ramabhadran, Global Practice Leader for Operational Risk and Process Safety Management. “Despite this, most companies lack a structured approach to building capabilities of the workforce related to process safety, and, consequently, have increased the risk of a major catastrophic incident.”
“By cultivating competency in process safety, companies can not only mitigate operational risk, but also run operations smoothly, and contribute to productivity and efficiency. This allows companies to protect their assets – their facilities, their investments, and most importantly, their people” concludes Srinivasan.
Operational risk management is becoming ever more critical, especially in light of a string of major industrial incidents across the globe where human error was shown to be a principal contributing factor.
To address this, DuPont Sustainable Solutions has announced the creation of a structured learning experience that has been proven to develop the requisite skills among employees to manage hazardous processes safely. This includes methodologies that can be scaled to meet the needs of the company from a simple problem based training to integrated PSM learning and development. It can be customized to optimize individual development in the specific context in which skills are required. Further, the blended learning format - a modular curriculum, instructor-led training and e-learning – leverages applied learning, allowing companies to maximize uptake and retention.
DuPont Sustainable Solutions is one of 12 DuPont businesses. Bringing customers the benefits of an integrated global consulting services and process technology enterprise, it applies DuPont’s real-world experience, history of innovation, problem-solving success, and strong brands to help organizations transform their workplaces and work cultures to become safer, more efficient and more environmentally sustainable. Additional information is available at: www.sustainablesolutions.dupont.com.
About DuPont: DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit: www.dupont.com
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