Operational risk: calculate and prioritize without complications

At Tecna ICE, we know that not all environments require complex systems to start managing intelligently. That is why we provide you with a practical tool: a web calculator that allows you to calculate the level of operational risk of an asset with three key parameters: severity, probability and detectability. This calculator is aligned with risk management methodologies such as ISO 31010.

Operational Risk Calculator

Severity (1-5) Impact that the threat would have if it occurs. Probability (1-5) How likely the event is to occur. Detectability (1-5) Ability to detect risk before it occurs (5 = easier to detect).

The lower the detectability, the higher the risk, as it is less likely to be anticipated.

Why use a risk calculator?

Not all organizations have specialized software such as PIDT, but they all have one thing in common: they must decide where to act first. This calculator allows them to prioritize risks in a practical way, facilitating the planning of inspections, maintenance or investments.

In addition, the logic of the tool is based on the principle:

The greater the severity, the greater the impact. The lower the detectability, the greater the risk.

This relationship is backed by recognized standards and adapted to a formula that gives an immediate and understandable result.

From diagnosis to action

This type of tool fits perfectly with systems such as PIDT or the risk assessment and geo-referencing solutions that TECNA ICE develops for its clients. They not only help to monitor in real time, but also allow simulating emergency scenarios, cross-referencing data with geohazards or implementing early warnings.

For companies with regulated or high-exposure environments, making agile technical decisions reduces maintenance costs by 20-40% and mitigates 80% of latent risks, according to studies by the Center for Chemical Process Safety(source).

Risk management does not have to be complex. With tools like this, any organization can take a firm step towards a safer operation, based on technical criteria and not on assumptions. Simple is not synonymous with superficial, but practical.