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Studies can be completed using various techniques:
Verify your results with three independent calculation engines and leverage the following options:
Helps you conform to a variety of regulations including:
You can drive continuous improvement in your processes leveraging a variety of powerful management tools including:
Qualitative System Analysis
Unreliability System Analysis Methods
Cross Product, Cut Set Summation, Esary-Proschan, Exact Probability Calculation, Monte Carlo Simulation
Birnbaum, Criticality Importance, Fussel-Vesely, Risk Achievement Worth, Risk Reduction Worth
Event Failure Modeling
Choose from several different models, including Constant Probability, Constant Failure Rate with Repair, Weibull Distribution, Dormant and Spare Event
Common Cause Failure Models
Get support for four different CCF models, Beta Factor Model, Alpha Model, Multiple Greek Letter (MGL) Model, Beta Binomial Failure Rate (BFR) Model
IHS equips you with common methodologies and configurable industry standard templates for your risk assessments.
This municipal agency centralized tracking of incidents and workers compensation claims to ensure quick medical services and minimize lost work time. Its Risk Management office now handles 200 annual claims for 5,500 employees/volunteers with a staff of 1. It has reduced its annual budget by 25% and ranks #1 among 410 state worker-comp programs.Learn more about our client’s successes
The world’s largest chemical producer has streamlined management of safety, health and environmental issues by developing a standard template to document process safety risks and training 1,600 staff within 9 months. Thousands of risk assessments have been created, expediting prioritization of action items and simplifying compliance reporting.Learn more about our client’s successes
An integrated energy company provided 1,200 team members at 50 facilities with access to a centralized operational risk management system. That system contributed to the firm achieving its best ever safety score with 20% decrease in TRIFR recordable injuries, reducing MOC audit actions from more than 30 to zero, and helped support a $20 billion 500km LNG project.Learn More About Our Customers Success
As part of its focus on operational excellence, a pioneering petrochemical company automated its Management of Change processes. Its enterprise system processed 1,500 MOCs between 2010-2015, ensuring compliance with industry standards while reducing time spent on manual MOC data compilation processes by 75% and achieving 25% monetary savings.