Wipro's oil and gas risk management solution for HSSE risk management, PRIM offers collective trending data using leading indicators in the areas requiring risk identification Wipro’s business intelligence solution for HSSE risk management, Predictive Risk Intelligence Manager (PRIM) offers collective trending data. PRIM uses leading indicators in the areas of occupational health and safety, process safety, competence and training led risk, asset safety, and incident safety to enable risk identification, assessment and aggregation for an organization spread across multiple facilities and locations. It has a future proof HSSE data model to evaluate and measure emerging risks in key areas such as asset risk, competence risk, process safety, environmental risk, and incident management. An intuitive dashboard interface providing quick visibility to high risk SOPs and vulnerable sites ensures effective communication of the right insights to the right people at the right time. It also helps to set priorities across organization units in terms of operational expenses for risk management. The Texas refinery incident in the US in March 2005 was a wakeup call to the Oil and Gas industry because it questioned the sense of managing status quo.
The Baker panel report states that “The passing of time without a process incident is not necessarily an indication that all is well and may contribute to a dangerous and growing sense of complacency.”
Since current systems in place largely track historical KPI indicators via lagging indicators such as LTIFR, DART (Days Away/Restricted or Transfer Rate), production loss, work stoppage etc. , the Baker panel report and associated studies by OSHA and other regulatory bodies have recommended a new mode of managing safety based on a term “Proactive or Predictive Risk Management”.
For this, companies have to list the contributing factors that lead to injuries, fatalities, work stoppage, spills and releases and create a new set of KPIs called leading indicators. Instead of doing root cause analysis on “What went wrong”, studies now recommend that companies measure contributing factors that lead to lesser safety or more accidents.
