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RiskAnalyst.gif  RiskAnalyst

Your Complete Risk Analysis and Prioritization Toolset

RiskAnalyst allows your organization’s integrity experts to calculate the risk value of individual assets, such as pipelines or facilities, and compare the overall risk of one asset against another. Your team can prioritize integrity management decisions for your entire asset base, or focus on individual assets, one at a time. 

Fully compliant and audit proven, RiskAnalyst supports complex mathematics convergence, calculations, and statistical modeling techniques. It is the only risk analysis system that can leverage multiple qualitative and quantitative risk algorithms for asset or system specific applications. This allows your key integrity-management decision makers to display risk results using Individual Threat or Individual Consequence approaches, or a weighted combination of all hazards and all consequences.

RiskAnalyst not only helps your organization achieve compliance with your regulators but the powerful What-If-Analysis can also help you optimize and protect your asset by simulating and comparing multiple integrity remediation activities. RiskAnalyst also tracks all inputs, assumptions, and default values for all historical risk calculations assisting in management of change documentation and providing for a full audit trail for historical comparisons. 

Risk Analyst Administrator & Workstation Features

RiskAnalyst provides two user levels. The secure administrative seat allows your senior risk specialist to have control over the risk algorithms, edit input variables and control the management of historical risk data sets for security purposes. The workstation application allows your integrity team to perform detailed risk analysis on stored data sets, create ad-hoc reports and make decisions for integrity management programs using tools such as What-If-Analysis.

RiskAnalyst Administrator Features

  • Configure risk matrix labels
  • Configure risk matrix ranges for each cell in the risk matrix
  • Calculate and store the risk results
  • Edit constants, variables and look up tables
  • Archive historical risk runs

 RiskAnalyst Workstation Features

  • Access compatible spatial features as well as attribute facility data from within the Dynamic Risk data model and dynamically segment the data which will be used to calculate the relative risk for each dynamic segment.
  • Calculate the relative risk or quantitative risk values on a dynamic segment-based failure likelihood and consequence algorithm.
  • Prioritized risk ranking all of pipeline segments complete with a tool for integrity management program planning and scheduling.
  • Export of ad-hoc report data including risk results and scoring summaries into an Excel, XML, HTML, or Text supported file formats.
  • Display calculated risk data in the risk matrix and in tabular format.
  • View the qualitative or quantitative risk ranking level of all user selected pipelines within an administrator defined risk matrix.
  • Perform “What-If?” analysis to optimize risk mitigation response.

Leverage the IRAS Enterprise Database
Our RiskAnalyst module allows you to perform risk analysis on any data source, within the single IRAS enterprise database.

  • Spatial Data Sources – SDE (GIS vector layers, imagery, vector layers, shape files, etc)
  • All pipeline asset information
  • Pipeline operating information
  • HCA’s and class locations
  • CP readings
  • Direct Assessment Data (ECDA, SCCDA, etc.)
  • ILI data
  • Excavation data
  • Incident history
  • Current or historical risk assessment results including stored case studies
  • Custom data attributes