Operational Risk

107 results

VelocityEHS Repeats as a Leader in New Process Safety Management Green Quadrant Report

Press Release •

Analyst Report highlights Velocity’s investment in artificial intelligence & machine learning, as well as strengths in chemical management, management of change, incident and risk management. Chicago (November 20, 2023) – VelocityEHS®, the global leader in enterprise EHS & ESG software solutions, announced that it has once again been named a Leader by the London-based independent […]

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What is Management of Change?

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Many people might read the phrase “management of change,” and pretty quickly convince themselves that they understand what it means – managing any changes made. But, what does it mean to actually manage a change?  What is Management of Change?   Management of Change (MOC) is the principle of properly assessing, addressing and controlling the impacts […]

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VelocityEHS Virtual Course on Bowtie Analysis Helps Attendees Manage Operational Risks

Press Release •

Chicago (January 16, 2023) VelocityEHS, the global leader in enterprise EHS & ESG software solutions, today announced the 2023 schedule for its operational risk management training course, Introduction to Bowtie Analysis. Hosted with its training partner Safety Solutions, this 8-hour virtual training program, conducted over two afternoon sessions, offers attendees hands-on experience creating and using […]

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Better Root Cause Analysis Yields Effective Ergonomics Control: A Webinar Summary  

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In the recent VelocityEHS webinar “Better Root Cause Analysis Yields Effective Ergonomics Controls,” Principal Solutions Strategist Rick Barker, CPE, CSP, specified the difference between direct and root causes and shared three methods of cause analysis through examples of industrial settings.   Direct and Root Causes  The root cause analysis process yields direct causes as well as […]

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What is Operational Risk?

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In a broad sense, operational risk includes any risks you’d encounter in your operations processes. In a technical EHS sense, it’s the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. 5 Main Types of Operational Risk There are five main types of operational risk. (There are […]

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