Risk work is only useful when it changes decisions. We help you assess, prioritise and govern risk so effort lands where exposure is greatest. Our lead consultant authored a Managing Risk guide for a major operator and designed the risk-governance architecture that underpinned a USD 1B+ investment decision. Specialist HAZOP / HAZID facilitation is delivered through our associate network. This capability also powers the Risk Assessment module of our forthcoming ihub analytics platform.
What we offer
- ✓ Risk assessment frameworks & registers
- ✓ Risk governance & prioritisation
- ✓ Managing-risk guidance & tools
- ✓ HAZOP / HAZID facilitation (via associate network)
- ✓ Bow-tie & barrier thinking
- ✓ Risk-based decision support
Frequently asked questions
What is a risk assessment?
A risk assessment identifies hazards, evaluates how likely and how severe potential harm could be, and determines what controls are needed to reduce risk to an acceptable level. Its value lies in the decisions it changes, not in the paperwork.
What is the difference between HAZID and HAZOP?
A HAZID (hazard identification) is a broad, early-stage review to identify the major hazards of a project or operation. A HAZOP (hazard and operability study) is a detailed, systematic review of a process design, node by node, using guidewords to find deviations. We deliver specialist HAZOP and HAZID facilitation through our associate network.
What is a bow-tie analysis?
A bow-tie is a diagram that shows a major hazardous event in the centre, the threats that could cause it on the left, the consequences on the right, and the barriers that prevent or mitigate it on each side. It is a clear way to communicate and manage barriers for major risks.
What is risk governance?
Risk governance is the structure for deciding who owns which risks, how they are escalated, reviewed and accepted, and how risk information feeds into business decisions such as investments and project gates.