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Risk

25 Dec 2011 | Software

The Vueworks® Risk module allows you to capture stake holder concerns in a risk model to strategically prioritize limited resources and work activities.

For strategic planning and prioritization of new work activities

The Vueworks® Risk module allows you to capture stake holder concerns in a risk model to strategically prioritize limited resources and work activities. Determine modes for consequences and/or probability of failure for asset classes and types, and configure priorities by assigning weight factors. Once you have the risk model configured and calculated, Vueworks Risk makes it easy and fast to look at every aspect of the risk model by highlighting assets on a map and illustrating findings to stakeholders to justify work priorities. Avoid costly failures before they occur!

Features & Benefits

• Use GIS data with Vueworks Multi-Edit and Buffer tools to quickly assign consequence of failure values to assets in the GIS
• Utilize the Consequence Factor as a measure of Criticality when comparing assets with one another
• Configure up to ten Consequence and Failure modes for each asset type
• Use data from the Work Order module (e.g., number of Work Orders as a variable) or any external database, such as a capacity analysis, to keep risk models current
• Use Risk data to forecast budgets for asset maintenance and replacement