June 4, 2020
Flood Risk Resiliency for Industrial Facilities – Planning, Preparation & Mitigation:
Ketan Maroo, Vice President, Arcadis US, Inc.
Post Hurricane Harvey, flooding, rain or surge induced flooding has been identified as a key risk for industrial facilities in the Gulf Coast. This presentation focuses on a methodical approach to quantify risk and determine the right mitigation solution to be considered at the equipment, unit, facility, or even inventory of facilities level. Quantified risks include direct physical damage, business interruption, and more. Risk is clarified through an evaluation of historic, probabilistic, and scenario-based events, as well as through determining the probability that any of three critical impact thresholds could occur: any damage, interruption, or access disruption; business interruption; and catastrophic loss. This supports the development of a clear business case for mitigation actions, when both losses avoided and capital costs and maintenance costs of the project are considered over time.