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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…