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Technology >
“A system is only as strong as its weakest link.”
Risk Management is a continuous integrity improvement process applicable to all phases of an asset life; it should be embodied in the conceptual design stage and only end with decommissioning and abandonment. Integrity is a holistic requirement defined by a philosophy that sets strategies, procedures and management systems that will ensure the safe, cost effective and reliable operation of an asset.
IC-Risk is a visual software tool that enables risk assessments to be performed in a logical manner and allows workshops to be productive. It provides a standardised format in assessing the integrity of individual assets.
IC-Risk helps a risk assessment workshop answer the ‘Where are we now?’, ‘Where can we improve?’ ‘How do we improve?’ and ‘How do we measure progress?’ questions related to integrity assurance and improvement.
IC-Risk can be customised to suit different asset groups which are subject to varying threats at multiple site locations. This ensures common assessment parameters are used across all assets so that comparisons can be easily drawn between them.
IC-Risk can deliver the following benefits to your organisation:
- Reduce current risk status to as low as reasonably practicable
- Enhance integrity systems, practices, and attitudes
- Improve integrity status across all assets
- Assist in meeting HSE objectives
- Achieve compliance to international standards and regulations
- Develop a plan of action for overcoming the barriers to integrity growth
- Maximise operational investment and returns
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