Risk management is a vast concept which might be used by enterprises in many different ways or for diverse purposes, but always with the objective of developing a successful business strategy. Safety analysis and its risk management procedures are something companies in any professional area should be concerned about and allocate enough resources in order to minimize hazardous risks as much as possible. The goal of this thesis is to obtain a clarifying and explanatory methodology for safety risk management which can be used in any professional field. Once this risk management methodology is established, the method will be applied to the Finnish paper mill industry and analyzed in detail using the acquired concepts and techniques. In order to proceed in this thesis, abundant literature, specialized reports research and historical events have been examined. Throughout this process, core ideas have been gathered and developed to achieve a proper result to be used in the field. Most important, common and meaningful risks concerning the Finnish paper mills have been identified and analyzed. From the background research, it can be said fire is the most dangerous and feared consequence of a large list of risks. Therefore appropriate safety measures such as automatic sprinkler systems or adequate lift trucks battery charging areas must be taken to provide personal safety.

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