Operational Risk Spending Plans By Region For 2019

Published 29 January 2019 by Sebastian Winter &

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Executive Summary

This report focuses on the 2019 spending plans of operations, plant and maintenance managers on operational risk initiatives, with a comparison between those based in Europe, Middle East and Africa (EMEA) and those based in North America. Chief marketing officers and sales leaders can use this report to target areas of high spend. During May and June 2018, Verdantix conducted interviews with 221 directors and managers in operations, production, maintenance and safety roles in relation to operational risk management. The spending plan question formed part of this broader survey. The survey data indicate that on a variety of initiatives between 9% and 26% of EMEA operations managers plan to increase their spend on operational risk initiatives by over 10% in 2019 compared to 2018. Across the same operational risk initiatives, between 3% and 10% and operations managers in North America plan to increase spend by 10% or more.

Table of contents

Spending On Operational Risk Initiatives Varies Significantly By Geographic Region
Multi-Region Survey With Operational Risk Decision-Makers Delivers Granular Insights
North American Firms Will Prioritize Spending In 2019 On Contractor Risk Management
Firms In EMEA Will Allocate 2019 Budget Increases To Operational Risk IT Systems
Firms In EMEA Plan The Biggest Increases In Operational Risk Spending For 2019

Table of figures

Figure 1. Change In Spend On Six Operational Risk Initiatives In 2019 (respondents in North America)
Figure 2. Change In Spend On Six Operational Risk Initiatives in 2019 (respondents in EMEA)

Organisations mentioned

Appruv, Achilles, AspenTech, Avetta, Aveva, BASF, Browz, Catapult, DNV GL, Enablon, eVision, Gensuite, Hellios, Hexagon, ISN, j5 International, Lloyd’s Register, Oman LNG, OSHA, Petrotechnics, Qatar Gas, Qatar Petroleum, RAP International, RasGas, RiskPoynt, SAI Global, SHE Software, Siemens, Sphera, Tenforce, Uptake, Veriforce.

About the author

Sebastian Winter

Analyst

Sebastian is a Technology Analyst in the Verdantix Operational Excellence practice. His research agenda focuses on covering industrial risk technologies, best practices and growth strategies. Prior to joining Verdantix, Sebastian worked for Trucost, a division of S&P Dow Jones Indices, and held positions in China, Brunei and Kenya. Sebastian holds an MSc in Environmental Technology from Imperial College London.

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