Casualty Actuarial Society (CAS) Practice Exam

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What is an initial step in the HAZOP process?

Submitting risk reports
Assembling a study team in a workshop
Setting financial targets for risk reduction
Creating detailed project schedules

The correct answer is: Assembling a study team in a workshop

Assembling a study team in a workshop is a crucial initial step in the HAZOP (Hazard and Operability Study) process. This step involves gathering a diverse group of individuals with various expertise related to the process or system being studied. The purpose of this workshop setting is to facilitate collaborative discussions that can identify potential hazards and operability issues early in the design phase. Team members typically include engineers, operators, and safety specialists who contribute different perspectives, ensuring a comprehensive analysis of potential risks. This collaborative approach is fundamental to the HAZOP methodology, which relies heavily on teamwork and the sharing of knowledge to explore how different deviations from normal operations can lead to hazards. The next steps in the HAZOP process typically involve systematically reviewing the process nodes, considering potential deviations, and proposing actions to mitigate identified risks, which builds upon the groundwork laid by assembling an effective study team.