API Spec Q2: Risk Assessment Part 1

As a professional within the oil and gas industries, your ultimate goal is to provide safe, reliable, and high-quality products and services to your customers. As you strive to consistently achieve this goal, you already know you need to control risk throughout your processes. You are a competitive leader within your industry, so you also know the value of quality standards and compliance. So what procedure does the API Spec Q2 standard mandate in order to achieve compliance?  

According to the standard, “the organization shall maintain a documented procedure to control risk throughout the execution of service.” There’s four main components that your procedure should include, so as you develop your procedure, you’ll want to:

1.     Identify potential or real risks associated with your company’s services

2.     Recognize and use risk management tools and techniques

3.     Choose, communicate, and implement preventive control measures to reduce and/or avoid risk exposure

4.     Have a plan to alert your customer of any remaining risk (potential or real) that could impact your service to them

Lastly, you’ll want to ensure you keep records of your assessment and any associated actions taken as a result of your process. Risk assessment is an active means of facing and dealing with quality-related challenges and doesn’t need to be complicated. It’s been said that great success requires great risks, but that doesn’t mean sacrificing safety, quality or service. For more information on how Accupoint’s solutions can help you develop your risk assessment and management procedures, visit www.accupointsoftware.com or call us at (800) 563-6250.