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FEATURED CASE STUDY

Arizona Public Service improves
operational performance and compliance
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    "DevonWay customer service is outstanding.  The project teams always provide quick responses."

    Claudette L., HU Section Head
    Canadian Nuclear Laboratories

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      "Firms looking for a reliable software platform for Safety, Quality and Asset Management should consider DevonWay."

      View the Report

        Risk Management

        Methodically identify, analyze, and mitigate operational risks

        Understand operational risks

        Improve your ability to anticipate, avoid, and recover from operational risks by addressing them methodically and consistently. DevonWay Risk Management helps you manage the entire risk lifecycle, including post-mitigation revisions.

        Use DevonWay Risk Management to proactively identify, rank, and create mitigation plans for risks. Use ranking criteria configured to your unique processes. Optionally, use more advanced risk analysis frameworks, such as Failure Mode & Effects Analysis (FMEA), to drive risk mitigation actions. 

        Connect risks with existing processes to see where risks are coming from. Then analyze their significance and identify appropriate steps to address them. Risks are easily associated with issues, assessments, compliance gaps and other workflows in your integrated DevonWay solution.

         

        Efficiently manage and mitigate risks

        Understanding how actions affect risk severity gives you insight into what is working and what needs improvement.

        Use Universal Trending and built-in business intelligence to gauge the effectiveness of your risk mitigation actions, identify opportunities for improvement, and determine residual risks (the amount of risk that remains after you account for controls).

        Risk heat maps and color-coded risk matrices highlight where to focus and help you communicate with stakeholders. Automated reports for management and regulators save substantial time and expense.

        Top Features

        User-Friendly Interface

        Copy line items up to a specified field to make duplicating partial information easy.

        Optional FMEA Template

        Choose to integrate Failure Mode & Effects Analysis into your system and export to PDF, Excel, CSV, etc.

        Automatic Alerts

        Set up scheduled notifications so you’re always aware of changes to worrying trends.

        Risk Hierarchies

        Risks are presented across a hierarchy of individual risks, which roll up to business unit risk areas and general risk categories.

        Scoring and Color Codes

        Risks include scores and colors indicating severity level along with associated likelihood and consequence values for calculating the scores.

        Seamless Integration

        Risks can be directly associated with other DevonWay modules such as CAPA, assessments, customer complaints, observations, etc.

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