Risk Assurance Software
MASTER YOUR RISK WITH BOWTIES
Centralise oversight of risk and control management supported by site specialisation. Benefit from automating the distribution of learnings to ensure maximum control effectiveness while monitoring and prioritising risk-based impacts.
- Everything in the Risk Verification Solution, plus:
- Master Bowties
- Quantitative Risk Analysis
- Multi-Scenario Assessment
- Cost-Benefit Analysis
- Register Types
- For all types of risk (i.e. Technical, Operational, Enterprise)
Features & Benefits
- Standardize risk control with master bowties
- Minimize review time & costs with Bowtie Review Wizard
- Address unique risks of individual work sites
- Gain visibility over risk across your entire enterprise
- Accelerate sharing of risk management best practices
Quantitative Risk Analysis
- Generate LOPA, PLL, and Cost-Benefit Analysis
- Auto-calculate risk ratings, e.g. Initial, Inherent, Current & Proposed
- View built in safety case reports, or export to Excel
- Optimize operations and maintenance efficiency
Seamless Risk Assurance
- Provide insight on risk reduction controls company-wide
- Define “register types” for locations with identical risk profiles
- Streamline sharing of assurance data “massage”
- Centralize and scale “control panel” for analyzing risks and controls
Challenge & Solution
Dissolving Risk Silos
How will people know when all of your ducks are in a row?
When you’re succeeding at an impossible job, it’s not enough for you to know it. That kind of effort and success deserves recognition…not just for you, but for the entire team. But when it comes to enterprise risk management, telling that story and providing visibility to stakeholders is a full-time job in its own right. How do you keep everyone on task while also telling the story?
The task is exponentially harder when you’re aggregating information from disparate locations, each with its own culture and risk profile. Even if you’re running risk bowties at each location, it’s a struggle to tell a cohesive story that delivers a high level and granular view of your company’s risk. Let alone trying to run quantitative risk analysis and cost benefit scenarios so your organization can make risk-informed strategic decisions and maximize business outcomes.
But you’re not a person to back down from a challenge, so you’re going to need help. Help mapping risks and illustrating pathways between their causes and potential impacts. Help estimating the numerical probability of an event and the severity of its consequences. And help make sure everyone can see what you see.
The Simple Solution
VelocityEHS Risk Assurance brings all of your stakeholders and risk management strategies together under one umbrella, and uses Master Bowties to provide a curated view of risk management across locations. It’s a simple and elegant way to align risk management from the top down and eliminate variability. It’s the easy way to let others see what you see and to know what you know.
Standardizing the way you identify and manage risks means locations with the same kinds of operations can be identified under a uniform register type — and you can deploy the same master bowties and critical controls against them. In short, you’ll have the control you need access granular facility information that rolls up into a master view.
That’s the just the start. This alignment also means you can use quantitative risk analysis to rank your risks on a graduated scale, and easily complete analyses such as Layer of Protection Analysis (LOPA), Probable Loss of Life (PLL) and Cost-Benefit Analysis.
Risk Assurance is the single control panel for risks and controls so you can dissolve risk silos by viewing risks from across your business at the same time. It’s the easy way to do risk assurance right — and to make sure credit is given where credit is due.
The Value of VelocityEHS
A True Cloud Solution
Our Risk Assurance solution can be accessed anywhere, anytime, from any mobile device — and our growing list of mobile apps gives you the flexibility to deploy our solutions on-site or in the field, even when you’re offline.
Helping You Be Better
Eliminate the day-to-day burdens associated with risk assurance activities so you can focus on being a more effective EHS leader.
Designed with continuous feedback and industry insights from customers like you, our solutions are more affordable, quicker and easier to implement, and provide the simplest user experience for you and your employees.
Solving Complex Problems Simply
Our simple design and intuitive user interface mean you spend less time using the software and more time focusing on the overall safety of your facilities and your employees.
Providing Personalized Service and Support
Our Risk Assurance solution is backed by our expert team of Customer Success professionals who will give you the individual attention you need to help reach your EHS goals faster.