Overview
The Conquest Risk Module provides a framework to assess the risk associated with Assets and use that to assist in the management of Assets.
The Risk Module is based around Risk Events associated with Assets, for which Consequences of Failure (CoF) can be scored. Along with a probability of occurrence, a CoF is used to calculate the criticality, risk cost and risk summary for each Risk Event. The set of Risk Events associated with an Asset contribute to the Asset’s criticality, risk cost and risk summary.
The components that make up the Risk Module include:
•Standard Risk Events (which provide a template for Risk Events)