[RULES™]
R = LxS – Risk Rating = Likelihood x Severity
In conceiving [RULES™], NexpPJ wanted to interconnect different actors who, working together, transform a concept like [RULES™] into a real “safety tank model” and therefore a proactive thinking table to solve the risk by increasing profits, reducing losses with a real advantage in terms of national spending and increasing visibility in the industry world.
To better define the [RULES™] concept, let us clarify the concept by defining [RULES™].
The synthetic definition of [RULES™], however, omitted to give relevance to those who are the actors that cooperate within [RULES™], which, as said, are the complex supporting structure and therefore basic philosophy that builds the guidelines of the project.
- Risk;
- Facilities manager;
- Certifying platform;
- Business.
So let’s talk about Risk: if we wanted to give a definition, risk is the threat that an event or action may negatively affect the business and its objectives. We can consider risk as an articulated combination of two factors, the probability of an event occurring and the consequences (severity) if such an event occurs.
We can therefore summarise everything as Risk = Probability x Severity
We cannot think of risk solely and only as a physical risk to people, but in a broader sense where risk encompasses several categories in its concept:
Some risks have traditionally received more attention than others. The danger of a factory fire, for example, is a clear threat to the future of the company itself, but other risks are more subtle and therefore often underestimated, such as overly generous credit terms for customers, lax internal accounting controls or even a change in the corporate market not supported by a prior study.
Proper identification of the risk is vital if the risk is to be mitigated.
An event is only a risk if there is a degree of uncertainty associated with it.
The [RULES™] concept sees the rules and their chronological order as the only acceptable method for achieving the objective. A certification system that places companies on one side and the nation on the other, attempting to conglomerate the two realities and different objectives in a single computerised platform.
As a concluding message from the NEXTPj Services and Technologies Department, we would like to reiterate that innovation and system interpolation in risk assessment is not an option, but a necessity. The recent crises have underlined the need for a gradual implementation of production lines and a systemic increase in the business sector, crises do not only generate problems but also opportunities, and therefore a systemic awareness of the problem that now requires a solution for the next challenges. We hope that in the not too distant future, we will be able to routinely share data and information by increasing the accuracy of forecasts and common operational solutions in order to maximise the benefit for users, companies and the nation. We are aware that moving in this direction, requires considerable efforts both from an economic and legislative point of view, our contribution with the certification system [RULES™] wants therefore to be a starting point towards a society that – we hope – can become data-drive making companies the centre of the industrial process and our nation an acknowledged excellence.
RULES
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