Live Risk analysis for your buildings.
Quantifying and managing risk just got easier
North is pleased to announce a new partnership with BSCM Operational Risk. BSCM produce a dependency modelling tool called Riskenomics.
Every business depends on certain services to run. For example a merchant bank depends on dealing rooms, which need to be lit and have reliable power and air conditioning (among other things). These rooms also depend on server rooms and communications systems which in turn, depend on power, and computer room air conditioning.
Within each business process there are layers of dependency and any failure in one critical system will have a domino effect on other processes and services, right up to presenting a risk to the business itself. We can all recognise a logical chain of dependency from the National Grid, via the UPS through the generators and onto essential services such as servers, lights, security and HVAC. But how should we react to a power failure? What process should we implement and when?
A mains failure might not be a problem if the UPS is on and the generators are running with full tanks. A single air conditioning unit failing may not be an issue if there are others able to take the strain. It is normally when particular combinations of failures occur that a real risk to the business becomes likely and this is where Riskenomics comes into its own by highlighting key dependencies and knock on effects.
North have worked with BSCM to combine Riskenomics with ObServer, allowing dependency models of building services and critical plant to not only be modelled, but also to update with live data from critical plant. This gives engineers and building managers a live status of any given item of plant and the impact on subsequent systems and processes, all the way up to the enterprise itself.
Deciding where resources need to be applied is not always straight forward. RiskEnomics provides a logical dependency model, which is updated with live data from systems within your buildings. Operational risk is presented in a simple to understand diagram, which pin point’s exact areas of risk. Be they live events such as a battery low alarm or major air conditioning failure, through to ongoing issues such as insufficient redundancy in the system design.
Dynamic risk model
Riskenomics shows live cause and effect to demonstrate current risk levels. Live values are analysed and compared to pre-defined limits (shown on the right of
the diagram), the ultimate outcome to any given status change is shown on the left with a simple
traffic light system. Click image to enlarge.
Data in RiskEnomics is updated via live feed from North integration products such as Integrator. They can take simple common fault alarms from existing BMS infrastructure or provide improved granularity by interfacing directly with the critical plant using North's extensive library of interfaces.
For more information contact James Palmer on 01273 694422.