Risk Management
AchieV positions Risk Management as a core driver of continuous improvement rather than a static compliance exercise. We use structured risk analysis, particularly Failure Modes and Effects Analysis (FMEA), as a central mechanism to understand, prioritize, and systematically reduce operational risk.
Each process or value stream can be assessed through FMEA’s to identify failure modes, their causes, and their effects. Risk Priority Numbers (RPNs) are calculated and used not merely as documentation, but as quantitative baselines for improvement.
The aggregated RPN of a process or value stream can serve as a Key Performance Indicator. This enables organizations to set explicit, measurable targets such as year-on-year percentage reduction in risk on a like-for-like basis. While new risks will always be discovered as understanding improves, the organization can still demonstrate real progress by showing how the original risk baseline has been reduced.
Risk reduction is only considered real when it is tied to tangible changes: documented change controls, updated procedures or specifications, trained personnel, and validated effectiveness. For each significant risk reduction, there is a clear link between “how we used to work” and “how we work now.” Anything less is treated as theoretical improvement, meaning nothing changed.
We also integrate periodic FMEA re-evaluation sessions. These sessions capture newly discovered risks, reassess existing ones, reprioritise focus points and adjust targets accordingly. This creates a rolling risk profile rather than a one-time snapshot.
Beyond immediate risk reduction, this approach builds organizational learning. Insights from FMEA feed directly into design specifications, operating standards, equipment requirements, and guidelines. As a result, future processes and systems are designed with known risks already mitigated. Over time, entire classes of recurring risk factors disappear.
The long-term effect is a steadily strengthening organization: fewer surprises, more predictable performance, and a demonstrable, data-driven reduction in operational risk. For many companies, this becomes a decisive factor in protecting value, improving reliability, and sustaining competitiveness.
Contact us if you want to know more about how to map and mitigate the risks in your company.
