Introduction

Succeeding in today’s complex, highly regulated industries depends on managing risks within your risk tolerances to achieve Operational Excellence (OE).

OE leads to top-quartile performance and continuous improvement, but achieving it is predicated on reducing enterprise losses. Why? All losses stem from an unmitigated risk of one type or another, whether the risk is an equipment, operational, quality, safety, or reputation issue.

No organization can claim to be operationally excellent without recognizing, managing, and mitigating its risk such that it minimizes losses across the organization.

This white paper explores this topic further.