Best Practice Production and Operational Risk Reduction Consultants

Operational Risk Assessment and Operations Risk Management Techniques that Lower Your Risk Consequences and Deliver You Great Production Cost Reductions

We are a Operations, Maintenance and Production Risk Consulting Practice
based in Perth, Western Australia

You need operational risk reduction measures if you want sure production cost reduction. Remove risk and you get lower operating costs because there are fewer production problems and equipment failures. The white paper Operations Risk Management Wisdom explains how production loss arises with every equipment failure. Fortunately there is a powerful risk identification technique that finds every production risk you carry.

Production risk and production costs are directly related. The more operational risks that you carry the more production problems you will have. Production risk management starts with a production risk assessment to identify operational risks. The production risks get a risk rating based on the failure costs to the operation. The larger the failure cost the higher the matching risk rating.

The cost of risk is used to prioritize risk reduction strategies and risk elimination strategies. It is far better to eliminate risk, get rid of it forever, and only apply risk reduction measures on the remaining risks. The fewer operational risk you carry the lower your total production risks and consequentially the lower your production costs.

The risk identification method we use is spreadsheet based and quickly arrives at a complete and thorough operational risk assessment. There is no cost for use of proprietary risk analysis software, our risk assessment is all done by MS Excel spreadsheet. Once the risk identification for the operation is complete a risk reduction strategy prioritized by the cost of the risk consequence is developed. You get a costed risk reduction plan and a very clear and structured risk management program that leads to sure production cost reduction.