Risks to physical assets from hazard events are omnipresent. Hazard risks include perils such as fire, explosions, floods, windstorms, earthquakes, typhoons, etc.

Intel has unique risks related to clean room environments: it runs an ultra-clean, pristine work environment with sensitive, specialized high-value equipment, producing high volumes of product at nano geometries with uncompromising quality.

The Risk Management Process for hazard risk evaluation is a disciplined approach that consists of identification, control, transfer, and mitigation. In this paper we describe how this process is applied with exceptional results in establishing specific studied controls to address the hazards of fire, flood, and windstorm. The result is the mitigation of the consequences of these risks within semiconductor manufacturing facilities. Combined with the Business Continuity and Emergency Response programs addressed elsewhere in this issue of the Intel Technology Journal, this hazard identification and mitigation process reflects one of the crucial pieces of an integrated approach to managing operational risks. Challenges and solutions are discussed.

While we define the role of risk transfer and mitigation in the overall Risk Management Process, the focus of this paper is on the identification, analysis, and control of hazard loss risks.