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Solutions > Industries > Power
 

Enterprise Risk Intelligence for the Power Industry

Key Risk Management Challenges

With a critical role in national infrastructure, organisations in the Power sector face exposure to a substantial number of risks. Every company is unique (location, size, generating mix, customers, regulatory climate), however each must deal with a myriad of risks. For example heavy regulations, a large, diverse customer base, geographically disparate assets, loss of skilled labour, raw material shortages and soaring prices.

Failure to address these risks can have significant economic and environmental consequences. Often the impact of an eventuated risk such as an unexpected event or compliance breach can be catastrophic, with an immediate adverse effect on supply, business continuity and, in some cases, can even lead to litigation.

 

Our Solutions

Organisations operating in the Power industry must implement a dynamic risk management system to improve operational and strategic planning, reducing the impact of unexpected events and compliance breaches.

 
To accommodate the unique business requirements of the Power industry, RMSS offers three types of packaged solutions: RMSS Subscription, RMSS Lite and RMSS ERI.

RMSS Subscription and RMSS Lite provide the Power industry with preconfigured industry-specific data to facilitate rapid uptake of the solution and provide immediate results.

RMSS ERI is comprehensive and customisable according to individual organisational requirements. It merges compliance obligations, management of events and enterprise risk management frameworks for complete Enterprise Risk Intelligence.



RMSS' Power solutions incorporate industry-specific data enabling the user to assess risks, record incidents/events and conduct audits/observations simply by logging on. Below are examples of the solutions' capabilities, currently in use within the Power industry. Select any of the items for further details.



Identify Risks: 
Create a risk assessment, identify risks/hazards to be assessed, controlled and monitored.
Event Graphs:
Display data relating
to events that have occurred. Can be generated by severity.
Audit Reports:
View audit reports by percentages and graphs to obtain a snapshot view of results.
Risk Score Chart:
Displays average risk scores for newly assessed and reassessed risks for each month.
Risk Matrix:
The system enables multiple Assessment Models. Users can select the model to
be displayed
.
 

Next Steps

For more information about our Power industry solutions, please download our Power datasheet and contact us to arrange a live demonstration of our software.