Enterprise Risk Management is often a fractured process due to multiple, isolated systems for Risk Assessment, Mitigation and Monitoring, Risk Visibility, Management of Change (MOC), Incident Management, and Action Tracking. Without a process that links the entire risk lifecycle, critical lessons learned and best practices aren't captured for the benefit of the entire company. Without visibility into the critical risk assessment processes, companies are left focusing on conformance to regulations rather than the performance of their processes.

The result is that common goals of risk management such as environmental protection, health and safety, loss prevention, business continuity, and effective selection of projects and investments, are compromised.

Incomplete or lost actions can have terrible consequences in process manufacturing facilities. An incorrect PI&D diagram can lead to an improper management of change process and an unwanted event. The lack of a qualified technical review of a change can lead to the wrong safety precautions. Untracked near-misses or plant floor observations that are indicative of an unidentified hazard or risk leave people and facilities exposed to that risk.

Effective execution, tracking and closure of actions related to risk is a critical component of enterprise risk management. Dyadem’s action management solutions provide the foundation for effective Risk Assessment, Change Management, and Incident Management processes, as well as for managing tasks for any other processes or employee initiatives.

The Stature platform can ensure accountability with integrated workflows that prompt employees with assigned tasks and monitor them to completion. Stature consolidates your risk management activities from risk assessments, management of change projects, incident investigations and day-to-day activities into a single view that enables you to prioritize risk management tasks and more effectively mitigate risk across your enterprise.