Risk Management Tool

A leading oil and gas company needed a robust Risk Management System to help it identify major risks during a period of significant growth.

The company required a critical business tool that would communicate all the potential risks faced by the organisation to senior leadership, providing an electronic upgrade from its system of multiple spreadsheets to manage data. The end-users, the company's global leadership team, had high expectations and it was essential the tool was of the best quality, robust and straightforward to use.

Our team used technical modelling methodology for the design process and conducted a detailed stakeholder analysis to understand the requirements and expectations of the system. We also created a prototype of the tool prior to full development for analysis and sign-off by our client. Our team then built a tool within a collaborative SharePoint environment to ensure managers were able to effectively communicate the key risks to the global leadership team. This approach was well received as the client was already familiar with SharePoint. The product exceeded the client's expectations by significantly improving organisational excellence through effective risk management potentially saving billions of dollars. The Fifth Business was subsequently commisioned to develop new functionality as well as build other critical business systems for the company.