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United States Office of Solid Waste EPA 550 B 00 001 Environmental Protection and March 2009 Agency Emergency Response www.epa.gov/emergencies RISK MANAGEMENT PROGRAM GUIDANCE FOR PROPANE STORAGE
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Familiarize yourself with the purpose and scope of the risk management program guidance. Understand the objectives it aims to achieve and the areas it covers.
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Review any related documentation or guidelines provided along with the risk management program guidance. This may include templates, checklists, or specific instructions.
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Start by assessing the potential risks that your organization may face. Identify and categorize different types of risks, such as operational, financial, or legal risks.
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Evaluate the likelihood and impact of each identified risk. This can be done through various methods such as probability assessments, historical data analysis, or expert opinions.
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Document the risk management process by providing clear and concise descriptions of each step taken. Include relevant information such as risk assessment results, mitigation strategies, and any corrective actions identified.
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Regularly review and update the risk management program guidance to ensure its relevance and effectiveness. Consider any changes in the organization's environment, industry regulations, or emerging risks.
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Risk management program guidance is a set of instructions and best practices that help organizations identify, assess, and manage risks in their operations.
Certain industries, such as those dealing with hazardous chemicals, are required to file risk management program guidance with regulatory agencies.
Risk management program guidance is typically filled out by identifying potential risks, assessing the likelihood and severity of those risks, and implementing strategies to mitigate them.
The purpose of risk management program guidance is to prevent accidents, protect the environment, and ensure the safety of employees and the community.
Information such as the types and quantities of hazardous chemicals used, potential accident scenarios, and emergency response procedures must be reported on risk management program guidance.
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