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Risk Reduction/Probable Maximum Loss
ABS Consulting is well known for its expertise in evaluating
earthquake risks to facilities and pioneered one for the
first earthquake risk reduction programs. Information generated
from a risk assessment is used to assist clients in developing
long-term risk reduction strategies. These strategies involve
the upgrade and rehabilitation of existing buildings and
equipment, development of improved operating procedures,
transferring the risk through insurance, and / or improved
emergency response and business recovery plans.
Our three-phased approach (risk audit, quantification and
implementation) helps to reduce and manage the risk to facilities
in a practical and cost-effective manner, while addressing
customer needs.
The approach is logical and practical and considers important
aspects, including damage to structures, equipment and inventory,
business interruption costs, and personnel safety.

PHASE
I - The Seismic Risk Survey
ABS Consulting engineers survey,
evaluate, and inventory critical structures and/or
equipment systems. The scope of work entails review
of available structural drawings, soil reports, seismological
data, and performing site visits. Structural/seismic
deficiencies are discussed and general recommendations
provided to mitigate the seismic risk. This Phase
I seismic risk audit also provides information regarding
projected facility damage and downtime and business
interruption costs following a major earthquake. |
PHASE
II - Seismic Risk Identification and Evaluation
Detailed specific seismic risks associated with selected facilities and equipment
systems are identified. The scope of work consists of systematic and detailed
analyses of the capabilities of structures and equipment, and includes development
of preliminary strengthening concepts, and cost/benefit assessments for retrofit
design and construction.
At this stage ABS Consulting
may propose several different retrofit schemes, based
upon different levels of required facility performance.
These may vary from life-safety for cost-conscious
clients, to minimizing business interruption for
high-value production or essential service facilities.
We may also recommend non-structural solutions such
as enhanced emergency preparedness and response planning,
occupancy changes, transferring the risk through
insurance, or other strategies. |
PHASE
III - Selection and Implementation of the Risk Reduction
Program
The preferred strategy for risk
reduction is finalized. This may entail finishing
conceptual strengthening designs and project criteria initiated during Phase
II, and developing complete construction documents (drawings and specifications)
to implement seismic retrofit measures. Typically this phase includes close coordination
of work with other disciplines (such as architectural, mechanical, and electrical)
required to implement the recommended facility upgrade measures. In other instances,
this phase may involve preparation or enhancement of a disaster preparedness
and recovery plan and training a client’s staff in implementing the plan;
or it may involve other aspects of facility planning such as development of risk-averse
design criteria for new construction. |
For more information, contact:
Darrell Barker
Vice President and Business Unit Manager
1-210-495-5195 | dbarker@absconsulting.com |