NRG and Oilfield Risk Limited are developing a software tool
called ‘Risk Impact’ (RI) that will provide clients
with multi-Activity/multi-Risk assessment capabilities in
one package. It is capable of dealing with either Cost Risk
Analysis or Risk Impact Analysis.
Risk Impact is capable of handling projects from a complete
Field Development, allowing for the input of all activities
and Risks from all facets of the Project, down to smaller
projects such as well interventions.
Risk Impact Provides:
• A straightforward series of input
screens which allow HAZOP/HAZID or full QRA to be performed
and managed for any operation.
• Output reports, for Risk or Cost Impact presented
in a format which relates to the input data in terms of which
activities and Risks are the most pertinent in terms of project
success or failure.
• Input data files which may be modified, and re-saved,
therefore providing an audit trail of measures taken to reduce
project Risk.
• Sophisticated Monte Carlo analysis which produces
in-depth Risk analysis reports for cumulative activities and
Risks.
Where
required, the spreadsheets allow probability, tolerability
and recovery times to be considered and input. A report can
be generated by NRG for the operation in question. The data
is saved within the Client Database and can be re-run with
modified data at any time.
Risk
Impact is not limited to technical projects. It can be utilised
for any project or workscope where there are activities which
have inherent Risks. This includes almost any commercial Activity
including marketing, product development, insurance issues
and many others.
