IAMRisk

Allow your plant or entire asset portfolio to quickly determine the quality of risk for risk types - such as fire, explosion and gas release, enabling improved safety, risk reduction and insurance premium reduction.

Risk helps you identify and measure the level of certain risk types;

• Fire
• Explosion
• Gas Release

If you can't measure it - you can't understand it - If you can't understand it, you can't control it - if you can't control it, you can't improve it!

Each audit question set is accompanied with the appropriate guidance to assist answering, each answer is attributed a weighting. Upon completion of answering the applicable question set a risk score for the asset is generated, showing you where your asset sits amongst other similar asset types within your organisation.

Risk allows you to identify where money can be best spent on improvement and modification to your plant, processes and personnel via effective improvement management.

IAMTech then recommends that the Asset Owner utilises a third party risk consultancy (such as Baker Risk) to moderate the information captured in the survey and to score the risk reduction to be gained by performing the improvements captured during the survey.

Upon completion of the process, as a user of Risk, you will be able produce a demonstrable risk reduction plan to drive your insurer to reduce your premiums AND have quantifiable date on improvement costs to assist in budget planning asset improvements!