RiskPoynt Expands Its Powerful Barrier Management App Into Operational Risk

Published 1 May 2018 by Malavika Tohani

Asset Integrity Barrier Risk Management Operational Risk Operational Risk Software Permit To Work Risk Assessment Market Insight

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Executive Summary

As part of their operational excellence initiatives, firms in high-risk, asset-heavy industries such as oil and gas, chemicals, mining, power utilities and port operators have identified the need to control risks at the level of physical operational assets. Operational risk management (ORM) software is emerging as an essential part of their digital toolkit to reduce risk whilst also increasing production. Barrier risk management, a core capability within the ORM software market provides an in-depth insight into asset integrity and asset health for risk assessment and management. RiskPoynt is one of the few vendors globally, offering a powerful barrier risk management software application that provides a real-time view of operational risks and also offers mitigation measures to minimize cumulative risks. Barrier risk management has an important place in the emerging reference architecture for operational risk management software.

RiskPoynt Expands Its Powerful Barrier Management App Into Operational Risk
RiskPoynt’s Dynamic Barrier Management Model Enables Proactive Operational Risk Management
RiskPoynt’s Product Roadmap Envisages Expansion Into Additional Operational Risk Requirements

Organisations mentioned

BG Group, BP Pipeline North America, Bumi Armada, CADMATIC, Chrysaor, eVision, GEMsoft7, Hexagon PPM, INOVX, International Association of Oil and Gas Producers, National Grid, OMV, Petrotechnics, Predictive Solutions, Shell, Tullow Oil

About the author

Malavika Tohani

Principal Analyst

Malavika is a Principal Analyst at Verdantix and her work to date has focussed on understanding the innovative EHS technologies landscape and the global EHS software market. Going forward, Malavika’s research will focus on covering operational risk technologies, best practices and growth strategies. She has over 10 years’ experience in research and strategy consulting. Having previously worked at Frost & Sullivan, Malavika has managed and delivered advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.