Asset owners

Risk management is the cornerstone for managing assets. A solid risk management strategy helps asset managers identify risks with current assets, identify an optimal solution, manage project risk from concept to completion, enhance safety from design through to operations, meet regulatory compliance requirements, and improves decision making.

RiskTools can help infrastructure owners to:

  • Have an integrated risk management process so assets and projects are assessed and compared objectively enabling early decisions to be made about the best opportunities for your business
  • Assess your existing assets, identify optimal solutions and prioritise projects,
  • Get the design right the first time by undertaking risk assessment during planning and design phases of a project.
  • Develop a risk management plan for new projects (RiskOrganizer).
  • Assess the cost of carrying risk, develop contingencies and undertake quantitative risk analysis using RiskIntegrator.
  • Assess the cost of unresolved issues with IssuesValuer.
  • Plan and manage safety, through HAZOP analysis and safety in design assessments

In addition risk management also applies to internal business processes (link to corporate risk management). These processes may be readily integrated with those that apply to Asset management.

Getting started

RiskTools’ team of international consultants are available to help you navigate this process. If you would like a free, no obligation proposal or notification of a new blog posting, please complete our request form.