Petrotechnics Enables A Strategic Approach To Operational Risk Management

Published 14 December 2018 by Rachel Umunna with David Metcalfe

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Executive Summary

This report forms one in a series covering the operational risk management market, which is entering a phase of innovation and rapid growth. Petrotechnics was founded in 1989 and is one of the leading vendors in the operational risk management (ORM) market. Petrotechnics’s Proscient platform is an integrated solution that delivers a view of operational risk in real time to provide managers and frontline workers with a comprehensive understanding of their risk management. With a strong focus on control of work and process safety to achieve operational excellence, Proscient supports safety and operations leaders to better mitigate risk. As mentioned by operations managers, integration of ORM software with existing product and maintenance systems for real-time analysis and operational excellence programmes is a significant factor influencing ORM software in the future. This makes Petrotechnics’s software a key contender in operational risk management.

Table of contents

Proscient Is An Impressively Comprehensive ORM Software Platform
Five Capabilities Underpin The Petrotechnics Operational Excellence Offerings 
Petrotechnics Supports Firms Taking A Strategic Approach To Operational Risk Management

Organisations mentioned

Accenture, Anadarko, BASF, Cameron LNG, Chevron, PETRONAS, Saudi Aramco, Shell

About the author

Rachel Umunna

Analyst

Rachel is a technology analyst in the Verdantix Operational Risk Practice. Her research agenda explores the value of technologies for investors, service providers and corporates. Prior to joining Verdantix Rachel worked for the CDP. Rachel holds an MSc Environmental Technology from Imperial College London.

David Metcalfe

CEO

David leads Verdantix research on operational risk management covering technologies, best practices and growth strategies. His current agenda is focused on establishing operational risk software as a distinct category of technology investment. David has 20 years of experience in technology research. He co-founded Verdantix in 2008 and previously worked at Forrester Research, BT and the Harvard Business School. David holds a PhD from Cambridge University.

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