Operational Risk

A unified approach to operational risk management

Operational Risk Pages

Establish a unified operational risk strategy for your risk assessment, incident management and management of change business processes

Complying with safety, quality and environmental regulations and standards is increasingly important and has become more difficult as operations grow. Individual facilities are frequently using different methods and descriptions to define and assess risks, different models to score the severity and likelihood of risk and a multitude of systems and methods to control operational risk. This creates isolated pockets of risk knowledge, and impedes the ability to accurately share best practices and lessons learned while effectively managing risk across the business.

Sphera enables you to standardize your process for identifying, analyzing, mitigating and monitoring operational risk. We provide a means to quickly and accurately understand your risk profile, helping you make better decisions and drive sustainable improvements.


Comply with safety, quality and environmental regulations

Our Operational Risk Solution provides a framework for managing risk that ensures you have an appropriate response to the inherent risks of your operations.

Your reputation is important – and creating a unified approach to operational risk secures your good standing with shareholders, clients and regulators. This solution makes certain that you comply with various industry regulations and standards, and provides the real-time reporting you need throughout your organization to ultimately improve your business performance.

Our Operational Risk solution enables you to:

  • Standardize risk assessments and ensure proper controls are in place and effective
  • Analyze work practice behaviors across the enterprise to extract actionable leading indicators that drive performance outcomes
  • Standardize risk management processess to enable performance benchmarking across business units, facilities, regions
  • Encourage behavioral change through enterprise-wide tracking and measurement to minimize unplanned events
  • Control the impacts of change on staff and productivity
  • Share data and insights across the enterprise to increase risk visibility and encourage continuous improvement

Our Operational Risk Core Capabilities

Risk Assessment

With Sphera’s proven enterprise software, content and domain expertise you can gain a better understading of your risk exposure across sites and improve executioin by better allocating resources to higher risk areas.

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Management of Change

Our Sphera Operational Risk Solution reduces change complexity with best practices for initiation, evaluation, approval and start-up of change management processes. We simplify the MOC process by clearly identifying all of the required steps and approvals and prmpting each user through his/her tasks in the project.

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Incident Management

Incident Management is an integral part of the Sphera Operational Risk Solution. Our solution helps you capture, track, investigate, report and analyze incidents and near-miss events, and also control operational risks, improve safety performance and sustain learning.

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Quality Risk

Our Quality Risk solution helps you strengthen and improve your quality processes. It provides you with the platform you need to create knowledge-driven, data-centric quality specifications and control plans that are consistent across the enterprise and helps you effectively conduct proactive risk assessment methodologies such as Failure Modes and Effects Analysis (FEMA) and Fault Tree Analysis (FTA).

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Maintenance, Repair & Operations

Sphera offers proven methodologies, software, content and expertise for achieving MRO Supply Chain Excellence.

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