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Simplifying process for achieving better
reliability and less potential risk |
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Identifying the sources of
risk at whatever stage of a business, program or project
(click for details)
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Identification and
conceptualization |
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Design and construction /
fabrication |
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Operation |
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Determining what the risks
are
and their significance |
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Determining the cost and
time elements of such risks |
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Optioneering of the
mitigation or removal of such risks and resulting greater reliability |
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The understanding of
secondary and residual risks |
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Optimized Life cycle costing |
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Avoidance of unnecessary
cost |