Manufacturing
Risk Managemen for Improving Safety, Productivity
A Risk Management Approach for Improving Safety and Productivity
Brought to you by DSD Business Systems and the Aberdeen Group
Safety has always been a critical measure of success for any industrial organization. There are of course risks to an organization’s brand equity, but also risks of penalties, fines, erosion of shareholder value, plant shutdowns and in some cases even fatalities if a safety incident were to occur. Companies that are not able to comply with safety procedures in an effective fashion are at risk of losing their competitive advantage. Indeed, in order to reduce the risk of another high profile adverse event like the BP oil spill or Massey mine explosion, risk needs to be effectively identified, quantified, visualized, prioritized, and mitigated in both assets and operating procedures. Aberdeen's latest research found that the Best-in-Class are able to improve productivity without compromising safety by integrating safety and operational systems through a risk management approach. This research will highlight the roles business processes and technology enablers play in improving safety and productivity in industrial plants.
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