Melios recently presented a paper titled “Evaluation, Visualization and Monitoring of Cumulative Risk Exposure Resulting from Safety Critical Hardware and Human Barriers Deviation” at the IChemE Hazards 31 virtual conference held from November 16 – 18 2021. The paper describes the science underpinning Melios state of the art cumulative risk management and safety critical barrier visualisation solution – REVARS (Risk Exposure Visualization and Reporting Solution) which has been deployed across major producing facilities.
The paper examines current industry cumulative risk management methodologies and presents a unique approach to cumulative risk evaluation, visualization and dynamic monitoring.
REVARSTM provides an intelligent, comprehensive and robust platform that ensures organisations spend less time trawling through data and more time analysing and drawing vital intelligence that drive safety, resource optimisation and enhance operational efficiency..
To view the full paper, please visit https://www.icheme.org/membership/communities/special-interest-groups/safety-and-loss-prevention/resources/hazards-conference-archive/hazards-31/
To learn more about REVARS and schedule a demo, visit https://revars.com/#
The development of enterprise risk management (ERM) over the last two decades has brought forward the role of Chief Risk Officer (CRO) in the forefront. The various crisis such as the Enron scandal in 2001 led to the strengthening of corporate governance and the passing of the Sarbanes-Oxley Act in 2002.