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Operational Risk

Exposure to operational risk is inherent in running a business and of course, much of what falls into a strictly operational risk context is also covered by other risk domains.

However, the key issue remains that both operational risks and the controls that prevent them belong to the realm of low frequency, potentially high severity impacts that no one wants or can afford.

Why not manage all your risks in one place with one process?

Meercat RiskView Operational Risk Functionality - Manage all your risks in one platform

To Succeed:

Common systems improve operational efficiency and reduce risk.

Incremental improvements in accountability, ownership, transparency and devolving of responsibilities can deliver significant efficiencies in operational risk management and review.

Access to real-time operational data can make best-practice identification faster and the target improvement candidates easier to find.

What Good Looks Like:

Business improvement initiatives are being driven off the back of operational risk management activities.

C-Suite visibility of operational risk control effectiveness increases more informed discussions and better-managed risk-taking.

Applying integrated tools and processes into your business will lead to improved product reliability, quality, and financial benefit.

Centralised operational risk management delivers support for processes that are more complex to manage, advanced technologically and distributed geographically.

Operational risk management is an active function, helping to integrate business processes, eliminating duplication and inefficiency and using a simple set of metrics, helping people to better understand value realisation.

To read more on this topic take a look at:

Safety & Health Practitioner Article: Managing process safety risks

This article focuses, not on the technical content of process safety management (PSM) implementation, but on the different cognitive challenges of PSM as a possible explanation.

Process safety focuses on the prevention of fires, explosions, and chemical releases that can result in substantial financial loss, multiple fatalities, and long-term damage to the business. By contrast, workplace safety is focused on injuries to employees resulting from accidents such as falls, chemical splashes, or limbs getting trapped in machinery. Read More

Convergence Training Article: Facing the challenges of process safety management (PSM):

Spills, leaks, and explosions involving hazardous chemicals have been responsible for some of the world’s worst industrial disasters. Because of the potentially massive human and environmental costs involved, companies that utilize hazardous chemicals in their manufacturing processes are subject to one of the most comprehensive (and complex) of OSHA’s regulatory standards: Process Safety Management (PSM). Read More

Benefits

Meercat RiskView Benefit Ease of Use

Ease of Use

With Meercat Riskview training is made simple and the software is intuitive – it’s easy to use for anyone. You can automate tasks so nothing falls through the cracks. Best of all you can save time and money with our user-friendly software.

Meercat RiskView Software Benefit Drive Standardisation

Drive Standardisation

Eliminate human errors by customising your own templates in our software that will integrate seamlessly with your current systems. This minimises variation across all aspects of your risk assessment and control verification processes.

Across Devices, On and Offline

Use our cloud-based software whether in the office or in the field. Even in areas with poor signal you can use our critical control verification and auditing features offline and synch all of the data once you are online. You can also use certain features on any device, giving you access to your information and data anywhere at anytime.

Meercat RiskView Software Benefit Accelerate Risk Management Maturity

Accelerate Risk Management Maturity

Maximize your business success with risk-informed strategic decision making.

Meercat RiskView Software Benefit Single View of Risks and Controls

Single View of Risks and Controls

Eliminate spreadsheets and versioning headaches with our software. We help you control and watch any potential risks at a glance. Dissolve risk silos by bringing together risks from across your business in a single easy to understand view.

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