Icarus-ORM

Do your HAZOP and LOPA studies create value?

With a singular focus on operational risk management, our consulting practice obsesses over delivering insight to our clients. We zero-in on operational risk management to produce one of the greatest returns on investment.

Ever experienced the wasted time of a risk analysis?

Despite the best intentions, most risk analysis procedures lack the structure, creativity and strategy required to make an impact on company value.But it doesn't have to be this way at all.

So why do managers still expect the risk assessment to take too long and add too little value?

Risk assessment can extract a plethora of information. This is exactly why Icarus-ORM is solely focused on operational risk management and the best practices that help our clients have real conversations with the people who have the most to gain from the study. Our aim is to deploy the best professionals that provide the capability to lead a multi-disciplinary team.

Do you have a safety instrumented function (SIF) you can depend on? And how can IEC 61508 and IEC 61511 help?

And what does “dependable” mean for your operation?Your safety system should be reliable enough to function correctly over a given period of time and under certain operating conditions. The system needs to be available when you need it the most. It needs to fail in a safe state so the system does not increase your risk when it malfunctions.

What is the return on investment from your risk management program?

Strictly from a business perspective, the reduction of losses achieved by investment in risk reduction measures should exceed the life cycle cost. The decision to protect an asset with additional safeguards can be done through financial analysis of a cash flow time series. Icarus-ORM can guide you through your investment decisions with comprehensive cost benefit analysis.