Risks are inherent in asset-intensive, high-hazard facilities, and the risk data set is vast with process, quality, security and occupational-related risks spread across the organization. It’s difficult to standardize and assess all the sources of risk to support resource-intensive facilities, complex products and vulnerable assets.
By focusing solely on compliance, organizations miss valuable opportunities to improve safety and productivity performance. A combination of small failures can be buried deep into business silos and arise unexpectedly. This can lead to safety failures, spending inefficiencies and compliance deficiencies.
Shareholders, clients and regulators demand stronger controls. Your organization needs to establish a unified, holistic way of proactively identifying and assessing risk, maintaining controls and sharing risk-related information