Definition:Risk
management can be stated
simply as setting action plans in the face of
uncertainty by first understanding and issues
related to risk, loss or other incident that can
negatively effect your business.
Define Risk Management Software:
Software that manages risk from the top down, utilizing
state of the art
interfaces and sophisticated reporting. This
tool can look at your operations from an angle
previously unattainable to determine past, current and
future risk, thus allowing you to take preventative
action to mitigate the possibility of injury or loss.
And in doing so, recognize the changes that need to be
made to lower risk and maximize your ROI.
Project Risk Management Software:
DataPipe has the tools to analyze and identify risk in
your organization. Look at data such as injuries,
accidents, spills and releases and much more over years
or decades to see where your greatest loss dollars come
from. Then, once you identify these areas, you can
take steps to mitigate future loss through change
investment. Granted in the short term it will cost
to make change and of course risk management software
will cost you. But in the end the amount you save
from preventative loss will far outweigh you initial
investment. Studies indicate that the DataPipe ROI
becomes worth it in a very short period of time.
How Can Risk Management Software Help My
Organization?
Risk management software can
help an organization in many ways. By analyzing
data that has been record over many years and sometimes
decades, organizations can find cost saving trends.
Type of data that companies record include
safety, the
cost of cleanup, near misses,
injuries on site,
fires,
automobile accidents, chemical spills and others.
By running
reports
that provide a list of incidents, their cost, number of
people involved and when they occurred for example, you
can plot these on a graph and trends will start to
occur. For example, you mind find that this graph spikes
in July each year where without this reporting tool
you would never have noticed. Upon deeper inspection
you see that a certain facility has a problem with a
process due to the heat in July that has lead to a
larger number of incidents. Or you may find that because
of the heat, more employees are getting hurt. These are
simplified examples but by looking at years of data,
trends begin to emerge that have saved companies
millions not to mention prevented accidents and helped
to clean up a public relations image.
What is the DataPipe Risk Management
Software Philosophy?
Risk management software
will
save a company time, money and lives. The
software’s main purpose is to identify
risk that will
harm, hinder or hurt a company’s employees, investments,
reputation, image, ROI, and bottom line. Once
identified there are 4 main ways to deal with this risk
- Risk Avoidance (stop doing what is causing the risk),
Risk Reduction (mitigate the risk), Risk Retention
(sometimes it is just simpler, less expensive and less
risky to just deal with it), and Risk Transfer (passing
the buck – the most common example here is retaining an
insurance policy or hiring a third party to deal with
it). In all cases the first and most crucial step
is identification. And without risk management
software tracking years of data that can be analyzed for
trends, this becomes tedious and improbable.
DataPipe
simply put is "risk assessment software" or "risk
management" software. It manages risk from the top
down. Utilizing a state of the art interface and
sophisticated
reporting, you can look at your
operations in a brand new way. And in doing so,
recognize the changes that need to be made to lower risk
and maximize your ROI. There isn't just one risk
management module. Risk Management covers a
swath of useful modules that can all work seamlessly
together to make an impact on mitigation of risk, saving
lives and reduction of spending throughout an
organization.
What other recourses are available to me on Risk
Management?
Risk management software resources
are abound. You can start by reviewing the
DataPipe
suite of risk management modules and set up an online
demonstration to see how the
DataPipe risk management
suite can help your organization mitigate risk. Also if
you just want to learn more about risk management you
can visit this
wiki link to start.
Do you want more info on DataPipe's Risk Management
suite of modules?
If you would like
additional information about this module, please
contact DataPipe USA directly. An
online demonstration can be set up so that you can see this module live on the screen while we discuss how you can utilize it within your organization.
Other suites within the DataPipe EHS Software
Solution
