Solutions - NMM - Near-Miss Management

Dynamic Risk Predictor Suite (DRPS)

Our bundled solutions suite, Dynamic Risk Predictor, developed based on a decade of research efforts on near-misses, enables manufacturing facilities to improve profitability and operate at higher safety and reliability levels, providing the ultimate win-win for companies.

Our innovative, patent-pending methods fully utilize dynamically-produced alarm as well as process data to provide several leading indicators, identifying deterioration in risk levels of plants and alerting their personnel of potential for approaching incidents, thus allowing them to avoid costly and dangerous shutdowns.

The Dynamic Risk Predictor Suite consists of 3 units: Alarm Fitness, Dynamic Risk Analyzer, and Real-Time Leading Signal Generator.

Key Features

DRPS analyzes the complete raw process and alarm data to look for "hidden" near-misses to identify process deviations that are early indicators of potential incidents.

This holistic analysis of data for risk identification introduces a new proactive approach for risk assessment.

Currently, process safety efforts are focused mainly on mitigating "observable" near-misses, such as, equipment failures, leaks, spills. Typically, near-misses and root-causes are identified through post-incident investigations and appropriate corrections are then taken to eliminate possible reoccurrences. DRPS's dynamic approach empowers plant management with precise leading indicators to address issues long before they result in incidents or operational problems - thus, transforming the current risk assessment approach.

Alarm Fitness

Uncovering Hidden Insight in Data.

Alarm Fitness establishes a new foundation - Risk-Based Alarm Management, making it a groundbreaking tool in the market. It dynamically identifies alarms that have the most significance for safe and reliable processes, cutting through the minutiae that typically distorts key information. In essence, our approach detects abnormal and critical situations that cannot be readily observed by existing methods.

Dynamic Risk Analyzer

Rediscovering Process Safety.

Dynamic Risk Analyzer (DRA) is designed for plant personnel to assess the risk level of their plant operations periodically or on-demand. It is a strategic risk management tool to (a) identify deterioration in operations, that is, risk of deviating from normal operation, (b) determine increase in potential of incidents (unplanned shutdowns/accidents) over time, and (c) calculate overall health of the process. It is equipped with advanced drill-down capabilities to find out the exact nature of the risk.

Unlike other hazard and risk assessment tools in the market, DRA completely transforms the way risk assessment is conducted in process industry: (a) it is data-driven, utilizing vast amount of process and alarm data recorded over time, and (b) it identifies new risks dynamically, rather than occasionally through HAZOPs conducted by experts.

Real-Time Leading Signal Generator

Forewarning of Potential Catastrophe.

Real-Time Leading Signal Generator alerts the operators of potential for approaching incidents by issuing warning messages. These dynamically generated signals indicate that there is a very high likelihood of occurrence of a trip or accident. In addition, this unit depicts the health of the plant operations in real-time.