IHS Operational Risk Solution

Now you can standardize the way you identify, analyze, mitigate and monitor risk, while providing a means to quickly and accurately understand your risk profile. The IHS Operational Risk Solution vastly increases your visibility into material risks, ensures the adequacy of controls and provides real-time reporting throughout the business helping inform the decision-making process. IHS helps companies make better decisions about resource allocation and ultimately improve their business performance.

The IHS Operational Risk Solution gives you the ability to manage all of these critical issues:

• Operational and Quality Risk Assessment: Identifies, assesses, mitigates and monitors risks to enable proactive risk management and prevent potential business disruptions or other unwanted events.
• Risk Register: Aggregates risk data across multiple departments, facilities, processes and methodologies to help executives prioritize and effectively manage risk.
• Incident Management: Tracks, manages and reports on incident-related data – including accidents or near misses involving employees, the community or the environment – to help prevent future events.
• Investigations and Findings: Centralizes investigations and standardizes procedures to ensure that lessons learned are translated into best practices throughout the organization.
• Corrective and Preventative Actions: Assigns, notifies, tracks and reports on corrective actions to ensure completion and avoid incidents.
• Management of Change: Streamlines management of change procedures and projects to improve safety levels, production quality, regulatory compliance and environmental performance.
• Emergency Operations: Automates standard operating procedure checklists, status boards, situation reports, resources inventories and other components of a comprehensive crisis command and control system.
• Risk Analytics: Applies leading metrics as key performance indicators to help maintain operational integrity.

To learn more about how IHS operational risk management software, content and expertise can help your organization, email us or request information.

In today’s increasingly aware society, the impact a company has on its customers, the environment or its employees has a direct impact on share value and revenue. A dedicated, integrated risk management solution shows that a company is aware of and appropriately managing its risks; providing comfort and safety to its community and stakeholders.

The IHS Operational Risk Solution is unique in its ability to provide:

• Real-time risk registers that continuously monitor enterprise risks  and enable prioritization of risk mitigation measures
• Proven business process execution measurement that provides the ability to track progress and incrementally execute organizational changes
• Enterprise-wide knowledge library and team of experts to facilitate delivery of best practices and to raise the level of performance for all team members
• A centralized repository of risk management business processes that enables prioritization of risk mitigation activities
• Benchmarking of work practice behaviors across the enterprise to extract proven leading indicators that drive performance outcomes
• The ability to generate and leverage content to promote continuous improvement through identification of best practices and encouraging lessons learned
• Flexible workflows ensure that data is dynamic and configurable to any business process or reporting requirement
• Automated risk-based business process management to ensure that the right people at the right levels in the organization are engaged and the business value is understood
• Access to continuously updated regulatory and industry content with automated tasking and peer groups to ensure compliance and response.

To learn more about how IHS operational risk management software, content and expertise can help your organization, email us or request information.

For decades, our team of experts has provided EHS and sustainability software, content and service solutions to thousands of industry leaders around the world.  They choose IHS because our proven ability to execute on broad, deep enterprise-level solutions gives them confidence that their Enterprise Sustainability Management business strategies will be a success.

Here is a selection of customers from various industries that have used IHS solutions to get outstanding results:

Government agency

• Tracks motor vehicle incidents for 113,000 employees (past and present) and more than 3,400 vehicles
• Reduced reporting time by 50% – from 1 to 1 ½ hours per standard form down to an average of 30 minutes

Global manufacturing company

• Ensures safety compliance across 30 international locations and streamlines work processes by replacing dozens of disparate spreadsheets with a single integrated system
• Increases effectiveness of incident reporting – e.g. improved near-miss reporting by 300% -- while reducing reporting time by 50%, with initial incident reports captured in under two minutes

National petroleum company

• Unified HSE system serving all 79 subsidiaries worldwide and thousands of users.
• Audited and input 1.6 million pieces of data.
• Lower management costs due to streamlined work processes

Large mining company

• Standardized regulatory report generation across nine mine sites
• Integrated risk assessment processes into risk management procedures
• Global risk register that consolidates nine sites into single risk profile for the enterprise

Read about results achieved by dozens of award-winning organizations at IHS SPECTRUM Excellence Awards.

Research Reports:

• Aberdeen Group - Operational Risk Management Benchmark Report

Webinars:

• Beyond Safety - Best Practices for Operational Risk Management
  How to measure and drive your safety culture for continuous improvement and risk mitigation
  Join IHS, ExxonMobil and Aberdeen as we highlight how leading organizations are addressing the need to mitigate risks and reduce cost by driving continuous operational risk management improvement to reach their operational excellence goals.