DEPENDENCY MODELLING

A better way of managing risk

Currently Risk managers have a smorgasbord of acronyms and ISO standards to plough through to find out which methodology to use.Charged with managing a modern, complex, system of systems, (Organization, Process Plant, and Cyber network, Political / Financial Realities, “Hard” or “Soft” linked), how do you select the best way to?

  • Audit/Test the Design Basis/security (HAZOP/FMEA,ISO/Cramm)1
  • Do a formal Risk Assessment ( Health, Safety and/or Environment) (for Management/ Regulators)
  • Implement a hazard/ emergency aware control solution (SCADA)(for Operators/ Planned Maintenance)
  • Develop a risk management system (Enterprise Wide ERM?)(for Chief Executives)
  • Write/Implement monitoring and response procedures(“Soft System” Dashboards)
  • Build and maintain a “risk register” (“RAG” Matrix?)(for Board)
  • Address and review risk appetite “norms” and their implications( for Governance)
  • Allocate/ Trim  Safety Budgets (for Shareholders/Regulators)
  • Investigate incidents/ exercise  emergencies (for corporate learning and recovery)

And, when we do successfully navigate this maze; the product is probably going to be a separate, one off, static, hard copy report. Moreover, being single purpose, these are inevitably stand alone and unconnected with any other; bringing into question the value for money from all these separate, “silo mentality”, exercises. 

There is now2 an approach available, which can be this common framework; which addresses all of these critical requirements; and can be utilized to produce the full suite of these separate, but interdependent, deliverables we need. For more see www.intradependency.com

It requires however, the full range of skills that we can support or provide, if needed:

  • Facilitation
  • Dependency Modelling
  • Consequence modelling and system interaction identification
  • Training
  • Training the Trainer
  • Accessing and interfacing with external “Cloud” feeds
  • Interfacing and implanting system input outputs (alarms, responses, etc.)
  • Design of visualisation and interactive displays.
  • Board room presentation of implications.

For more detail follow this link.

1 These Acronyms and Terms of Art are deliberately left in unexplained to demonstrate the current confusion that this “Alphabet Soup” causes for most hard working and responsible managers!

2 using iDepend®, a model developed by our associate, Intradependency Ltd