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Marcus Punch Pty. Ltd. |
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Risk and Reliability |
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We believe that the best opportunity to influence the reliability, maintainability, availability, and ultimately safety, environmental and financial performance of a system or plant is during the concept, specification and design stages of a project. Risk Management provides processes and tools to help organisations minimise the potential for uncertainty, adverse impacts and lost opportunities with respect to their objectives (eg. profitability, safety, reputation, environment etc…). We recognise that the central theme of Risk Management is forethought, that is, the early identification and assessment of threats and opportunities with respect to these objectives, and then the timely implementation of cost-effective measures to eliminate, prevent or control risks and exploit opportunities. Risk Management is ultimately a process for creating and sustaining value. We recognise that in the asset-intensive industries such as mining / resources, rail, defence, energy, process, utilities and telecommunications, there is an inextricable link between the reliability, maintainability and availability of physical assets and plant and the achievement of safety, environmental, profitability and other business objectives. Industry research has shown that those companies with the best safety performance often display the most consistent profitability in the long term. Why? These companies have usually effected enterprise-wide cultural change and ‘whole-of-life’, holistic, systematic approaches to identifying, assessing and controlling a diverse range of risk types — not just safety. Therefore, we offer a range of timely, cost-effective risk, reliability and safety engineering, management and training services.
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Welcome to the Website of Marcus Punch Pty. Ltd. |
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“Their view is that our system was insufficient to systematically and continuously identify, reduce and manage risk, in particular to identify low probability high consequence risks.”
Lord Browne’s (CEO of BP plc.) remarks at a press conference on 16th January 2007 in response to the release of the Baker Panel Report into the Texas City refinery accident. |
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“Safety rather than engineering has dominated the lessons from the disaster....The safety focus has resulted in risk management being aimed at reducing high-frequency, low consequence personal injuries. This is different from an engineering focus that is essential to reducing low-frequency, high-consequence catastrophes. A balance needs to be struck that does not neglect either end of the risk spectrum”.
From “Have Australia’s Major Hazard Facilities Learned from the Longford Disaster?, James McNicol, IEAust Public Policy Unit, October 2001, page 24. |
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