Why risk analysis

In the competitive world of today, companies need safe and reliable operations for the wellbeing of employees, people in the community and the environment.

We need to verify or make certain that our activities are safe enough. To go further with this statement we need to ask ourselves:
• When is something “safe”? What is it we want to protect or keep safe and from what.
• What do we mean by “safe enough”? How do we verify that an acceptable level of safety has been achieved?

There are different methods to go about finding answers to these questions. One way is to do systematic safety, risk and reliability analysis.
The RiskSpectrum software suite includes tools that are designed for qualitative (RiskSpectrum FMEA) and quantitative risk and reliability analysis (RiskSpectrum FTA, PSA and RiskWatcher).