Stature Risk Lifecycle ManagementStature Risk Lifecycle Management (RLM) links disconnected enterprise risk management processes across the risk lifecycle, enabling organizations to continuously improve towards zero incidents.Enterprise Risk Management is currently a fractured process due to multiple, isolated systems for assessment, mitigation, management of change, incident management and monitoring. Stature Risk Lifecycle Management enables dramatic improvements in risk management through company-wide visibility of risks identified by a continuous improvement approach that unifies different risk management activities and the related lessons learned and best practices. Stature Risk Lifecycle Management Capabilities:Management of ChangeStature RLM enables Management of Change (MOC) for any level of risk and complexity by involving the right people at the right time with the right process. Stature RLM’s lifecycle approach ensures seamless integration of MOC with risk assessments to ensure correct consideration of risk, while Stature RLM’s governance capabilities ensure compliance with best practices for the initiation, evaluation, approval and start-up stages of a change. Process Hazard Analysis Stature RLM dramatically improves the effectiveness of your risk assessment practices, such as PHA (HAZOP, LOPA, etc) by basing them on lessons learned and best practices that continuously evolve through Stature RLM’s closed-loop, continuous improvement processes. Incident Management To be effective, Incident Management (IM) needs to be tied into the broader incident prevention strategies of enterprise risk management. By tying incident management to risk assessment, mitigation, and control, Stature RLM ensures the full lessons learned and best practices captured from an incident or near miss are saved and used across the enterprise. Global Risk Registry Stature RLM provides you with a central risk registry of all significant risks captured in your risk assessments. The registry is automatically produced from the risk assessment process, allowing viewing from different risk perspectives (i.e. health or safety) and thresholds (i.e. loss of life, loss of asset availability). Analytics – Reports and Dashboards Stature RLM ensures governance of all risk management processes through visibility of key performance indicators in Risk Assessment, Incident Management, MOC, and Action Tracking processes. Through the use of comprehensive reports and dashboards, as well as leading and lagging indicators, Stature RLM allows you to achieve visibility into high risks at all levels of the company. Lifecycle Process Management for Continuous Improvement Stature RLM provides comprehensive action tracking to support risk assessment recommendations, management of change tasks, incident management activities and ad-hoc actions. This allows Stature RLM to tie together the various risk management practices into a single, closed-loop, continuous improvement process. |
