Learn how RISK has helped decision makers to improve risk and decision analysis efforts. Explore examples and tutorials on how to make RISK work best for you. By sampling different possible inputs, RISK calculates thousands of possible future outcomes, and the chances they will occur.
This helps you avoid likely hazards—and uncover hidden opportunities. RISK identifies and ranks the most important factors driving your risks, so you can plan strategies—and resources—accordingly. RISK offers a wide variety of customizable, exportable graphing and reporting options that let you communicate risk to all stakeholders.
With a broad library of probability distributions, data fitting tools, and correlation modeling, RISK lets you represent any scenario in any industry with the highest level of accuracy. Your software subscription has you fully covered. Technical Support is available to help with installation, operational problems, or errors.
Palisade maintenance plans are designed to cover you when new software versions are released, or if you require help operating the software or resolving errors.
Software updates are often released to keep current with changes in Windows, or in Excel or other host applications. Updates may also include bug fixes or minor product enhancements. Major version upgrades may also include updates to host application compatibility. Evaluate risk and reliability. It estimates all consequences related to product release from a small pinhole leak, large leak, and rupture using models that account for: Immediate consequences including possible injuries and property damage resulting from ignition of the released product.
These are calculated using models that estimate the release rate and volume; the severity of the hazards that could ensue, such as fires, explosions and toxic clouds; and the resulting impact on property and people in the vicinity of the release.
Long-term environmental consequences represent the health impact related to contamination of soil and ground water due to persistent liquid spills. This impact is measured by applying a clean-up model to the total spill volume, in order to estimate the residual volume lost to the environment. The residual volume is then adjusted to reflect environmental impact severity based on the type of product spilled and the damage susceptibility of the spill site.
Business impact is calculated as the sum of the costs of line repair, lost product, service interruption, site clean up, and casualty compensation.
Intangible aspects including the potential loss of goodwill with the public and regulators can also be included. Manage defects and plan maintenance. Manage Defects. If the source of risk - this machine - can not be removed completely, then we may be able to find a safer, newer or different machine to do the job. This is often possible on many sites, where old and dates machinery can be replaced with new typically safer machines.
The machine being subbed in must of course be more safe less risky , and be able to do the job to the required standard. Once again, the company may have to assess whether or not a reduced risk is worth a slight dip in productivity or output. If the machine can not be removed or substituted, then our next idea would be to isolate it. For this machine, this would likely involve moving the machine into its own room away from 'other' people, and operating it remotely.
If there is something specific about the machine which is causing risk, like an overexposed blade or something similar, we may be able to implement some engineering controls.
Even if we have implemented some of the upper hierarchy of risk controls, we will still look for opportunities at the lower levels of the hierarchy for safety improvements. Some administrative controls for this specific machine would include training workers on how to use the machine safely, creating better safety checklist processes, and placing signage and other 'flags' around the machine.
And finally, there will be some controls and rules put in place around the PPE required to use and operate the machine. This may include safety boots, safety gloves and goggles for this specific machine. Our job doesn't end once our risk controls are put in place, even if we utilise and implement the hierarchy of risk control perfectly. The next phase of hazard and risk management beyond risk controls involves reviewing the controls we choose to put in place.
Reviewing the controls we put in place and understanding whether they had a positive impact is the only way that we can learn and gather feedback beyond the hierarchy of risk control. The hierarchy isn't perfect, and it definitely isn't perfect for every situation. From your reviews, you may learn that specific risks or hazards work better when there is a specific combination of controls, for example.
The problem with tracking and measuring your controls is that it can be time-consuming and difficult. The fire risk assessment system provides the facility to:. Our audit system is unique. Audit templates can be created for any organisations specific needs, with any number of questions.
We will create your audit template to enable input of audits online, which will generate audit reports automatically. The templates already contain information to act as a reference to completing the risk assessment which speeds up the entire risk assessment process. One of the most useful features for our customers are the compliance trends.
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