Risk assessment is a technique for identification, description, quantification, and assessment of casualties in an event. The optimal fulfilment of each stage in the asset lifecycle has its own risks and dangers. Neglecting the recognition, assessment, control, and management of risks in each stage results in huge losses or even may stop the other stages of the asset lifecycle. For instance, maintenance planning based on risk analysis and assessment significantly reduces the likelihood of system error and its consequences (including safety, economic, and environmental consequences).
Risk analysis and assessment also help the management in proper decision-making on investment in different sections of the organization including physical assets. This, in turn, improves the processes of proper operation and use of assets and capital in the organization.
In Pavan Company, thanks to our expert staff and the network of experienced international partners and related software, we guarantee that you can have your risk analysis and assessment in each stage of the physical asset lifecycle in the most accurate and profitable way.