Processing Magazine

Software solution is for process industry risk management

July 24, 2012

A cloud-based software platform is said to provide a powerful foundation for sustainable operations, acting as a comprehensive framework within a single integrated platform, unlike products historically available. In announcing the availability of its new software platform, OSSuite, vendor Operational Sustainability says that it reflects decades of feedback from key industry user groups.

This operational risk management platform cuts across all major operational functions including EH&S, Maintenance, Reliability, Capital Projects, Automation, Risk, Quality, Process Safety, Operations and Engineering. OSSuite™ aggregates data across all operational functions so you can avoid the traditional trap of buying “isolated tools” at the departmental level.

The provider says the platform is based on ideas regarding operational risk management. ORM, which is the next generation of operational excellence that helps companies move from a reactive to a predictive state. While Enterprise Risk Management (ERM) addresses a broader set of organizational risk and compliance, operational risk management specifically targets risks surrounding operations.

By incorporating all of their best practices into risk analytics, the system helps userswork toward, achieve and maintain improved states of safety, reliability, governance and operational efficiency, the company says. From the board room to the shop floor, the solution drives performance while aligning goals.

“With OS, the biggest benefit is that users are equipped to anticipate and avoid the full range of problems using our advanced predictive analytics and comparative benchmarks," states David Drerup, President and CEO.