Business organisations' operations include risks that can threaten achievement of set objectives and targets. These risks can be related to personnel, environmental, or process safety, or business continuity. Identifying, analysing and evaluating risks is the basis for successful risk management.
How your business benefits from VTT's risk analysis offering?
VTT offers its customers a wide spectrum of expertise for risk analysis and assessment. This can be applied in examining various types of risks in different sectors both in industry and services. VTT has experience on identifying and analysing risks in e.g. process industry, machine systems, and railway transport.
Risk analysis in different phases of the lifecycle
Risk analysis need to be carried out in all phases of the produt or service lifecycle:
- end of lifecycle
The objectives, requirements and methods for risk analysis need to be suitable for the relevant lifecycle phase.
- Design phase: analysing risks of different design options and to supporting design work
- Manufacturing: fulfilling requirements including those allocated to subcontractors and achieving the targeted quality and performance level
- Operation and maintenance phases: ensuring safety of operation when introducing changes into processes
- End of lifecycle: confirming the safety and environmental protection according to the chosen retirement strategy (reuse, remanufacturing, recycle)
How to run a high quality risk analysis?
Risk analysis methods need to be selected based on the scope and objectives of the analysis and available information, resources and expertise. Information sources and documents need to be up to date and their content need to be suitable for the selected risk analysis methods.
Many risk analysis methods are based on group work. The analysis group typically has a leader, experts who know well the object of the analysis and a person who documents the analysis results. Participants of the analysis group need to be motivated and willing to share their expertise.
How to use the results?
Results of a well implemented and documented risk analysis can be used in many ways. Results can be utilised to support decision-making, provide justification for risk mitigation measures, to fulfil legal requirements and as a basis for training material.
VTT is your partner when you need professional and experienced partner to plan and implement risk analyses and to utilise the results.