The ability to assess and mitigate risk is essential to success in heavy industry. To address risks generated by supply chain constraints, safety concerns, or the ability to execute, managers need resources to aid them in identifying risks before they impact outcomes. At AP-Networks, our experience in the industry led us to develop the Risk Manager tool.
The Risk Manager is a self-assessment tool that enables turnaround teams to predict the cost, schedule, lost profit opportunity, safety, and operability outcomes based on empirical data from other turnarounds with similar characteristics. These characteristics are the drivers behind turnaround predictability. In addition to providing risks with specific outcome performance benchmarks, the Risk Manager also highlights specific planning components to focus on to minimize the impact of these potential risks.
