Company Overview and Risk Analysis Orange County Sanitation District is a sewage company located in California. The company has been in operation for the last few decades. However, according to the 2011-2012 financial year results, the company’s performance has been declining, as evidenced by its extremely low production capacity. This has necessitated a reflective investigation of the environmental risks of this company in order to decode the underlying operation, instruments, and labor risks that the company faces in its operations. In addition, the identified risks should be aligned with their effects on the eventual outcome of the company’s performance. This study’s thesis postulates that, providing annotated links to the risks involved in the provision of sewage disposal within the district of California, which enables the project managers of the company to improve their understanding of the major risks involved in their projects, is not only effective strategy of sustainable operations, but also necessary for efficiency in the long-run. Risk Identification Generally, a risk is regarded as a negative factor in the introduction of new technology because of its associated limitations to the performance of an enterprise. Risk identification is the most important process of risk management, as it is difficult to work on a project before identifying the risks associated with it. Mostly, using past experience of types of risks that have been recognized within the area or is considered as the general strategy for risk identification. Identifying new risks necessitates greater thought about things and enlarges the scope of dealing with a particular risk. The implication is that, before carrying out a project, it is imperative to have a good strategy on how to manage the risks associated with the adoption of new concepts such as adoption of new technologies. It is through risk identification that the project managers will be able to plan for the available resources in order to counter the associated risks. Perils, hazards and potential losses Perils are the fundamental causes of loses. The Orange county sewage company is faced by a lot of perils which may make the company to suffer huge losses. Some of the potential perils to the company include earthquakes land, slides, fire, floods, etc. though some of the perils may be insurable, some like earthquakes are not since most insurance companies do not insure underground pipes. Self insurance remains the only option for most of the company’s assets and these posses a great challenge to the risk management department of the company. Also, during rainstorms a lot of water accumulates in the pipes which may lead to the bursting of the pipes and also increases the cost of the sewage treatment because of the increase in the volume of the sewage. On the other hand, hazards are the conditions that increase the likelihood of a risk occurring. The underlying perils facing the company can be triggered in many ways. The company has done a lot to prevent the occurrence of majority of its most probable risks. Most of its structures are solid hence the chances of the occurrence of fire are very minimal. The emission of poisonous hydrogen s