Stature Risk Lifecycle Management (RLM) links disconnected enterprise risk management processes across the risk lifecycle, enabling organizations to continuously improve towards zero incidents.
Companies typically have profuse amounts of data, but lack the ability to turn that data into useable information. A process is necessary that links the entire risk lifecycle, capturing critical lessons learned and best practices for the benefit of the entire organization. Visibility into risk assessment processes will provide you with the ability to drive optimal performance, while complying with regulatory demands.
Stature Risk Lifecycle Management Capabilities Include:
Management of Change
Stature RLM enables Management of Change (or Change Management) 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 Management of Change 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 management practices, such as PHA (HAZOP, LOPA etc) by basing them on lessons learned and best practices that evolve through Stature RLM’s closed-loop, continuous improvement processes. This knowledge-driven approach also ensures consistency in format and language across risk assessments, enabling both the sharing of knowledge and the visibility into risk processes across the enterprise.
Incident Management
To be effective, Incident Management 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.
Action Tracking
Stature RLM provides comprehensive action tracking to support risk assessment recommendations, management of change tasks, incident management activities and ad-hoc actions.
The essential steps in the risk lifecycle are unified on a single, global platform with closed-loop, continuous improvement processes.
|
|
|
