We are thrilled that our sister company, Riskenomics, has been identified as one of the 20 most promising solution providers in the field of risk management in CIO Review’s annual worldwide review of risk management solution providers. CIO Review is a leading US publication covering key trends in information technology and you can see the…
We support a number of clients operating in remote locations, including an oil production company in Kazakhstan. Such situations pose different challenges for premises risk and operational risk teams. Full environmental support These facilities have frequently been built for a specific purpose, such as oil production, and they are commonly far from any other cities…
The Institute of Cancer Research (ICR) is based in London and is ranked as the UK’s foremost academic research centre, leading the world at isolating cancer-related genes and discovering new targeted cancer drugs. The ICR has a unique partnership with The Royal Marsden (a specialist cancer hospital) and, together, the two organisations are rated in…
Organisations spend a great deal of time and effort ensuring that potential points of failure are identified and steps are put in place to minimise risk. But does this always take adequate account of the people factor? The people factor Despite rigorous systems and processes, many major incidents have been caused by human error, or…
We work with you to identify and prioritise the critical dependencies within the business and the potential areas of risk that result. We look at the potential impacts and work across the business to see what is in place in other areas that can mitigate the risk, as well as exploring the interdependencies between the…
All businesses are subject to a requirement to comply with a significant volume of legislation. On top of that, many also need to comply with industry specific regulations. Non-compliance can occur if procedures are not in place to ensure that all understand what is required and their role in ensuring that compliance. The penalties can…
As experts in the field of operational risk and critical engineering, we are often engaged in a wide range of consultancy services. Our approach and advice are valued, because we offer an impartial view on the situation and provide alternative approaches to managing risk. These are areas of risk management on which we frequently advise:…
Dependency modelling is an important component in managing operational risk. Well-designed models allow you to understand inter-dependencies and set priorities and the points at which risk moves from low, to medium to high, so managers know instantly where there are areas to address and how critical they are. We have a range of standard models,…
We undertake many risk audits. This can be at any point in a process, across a number of operational areas and at many sites, including those belonging to third parties: Planned preventative maintenance (PPM) Potential operational hazards During the planning phases of a project Escalation and emergency procedures Final checks before a site is handed…
The main components of our risk reviews are: Audit and review of current systems and processes, and the associated levels of risk Critical systems model Risk register Critical asset management review Critical systems model Once we have completed the audit, we model the way your infrastructure is configured and how it operates, then we make…