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What is Riskion?

Riskion® is Expert Choice's all-encompassing risk management tool designed for organizations that require more than simple or spreadsheet-based risk evaluations. It implements a structured and systematic framework to identify risks, their root causes, related events, and possible consequences across the organization, employing mathematically sound, ratio-scale assessments rather than just conjecture. By promoting collaborative contributions from stakeholders, it enables decision-makers to leverage the collective knowledge and see the relationships between various risk factors, triggers, and mitigation approaches. Additionally, Riskion allows for the evaluation of events with both low and high probabilities, supports scenario analysis, and enhances resource allocation for efficient risk management. The inclusion of visual elements, like "bow-tie diagrams," effectively illustrates risk pathways and exposures. Furthermore, Riskion seeks to improve accountability, provide trustworthy risk evaluations, and simplify decision-making processes by reducing uncertainty and enhancing clarity within the organization. This ultimately empowers teams to proactively address potential challenges and adapt to evolving risk landscapes.

What is MADe?

Minimizing technical engineering risks that could impact performance, operational dependability, and maintenance expenses is achievable through the implementation of modeling, analysis, and decision support strategies. The MADe system enhances decision-making related to the design and upkeep of both safety and mission-critical equipment throughout its entire lifecycle. By utilizing interconnected analysis capabilities, it effectively addresses the technical, operational, and financial requirements of system operators and maintainers, thus successfully reducing risks. Additionally, MADe functions as an all-encompassing analysis tool, generating essential documentation for Airworthiness certification. Performing analyses in tandem with the design stage considerably improves the efficiency of the certification process. Moreover, the system diligently tracks the origins of all parameters used in its evaluations, providing a solid framework for assessing the quality of data that guides engineering decisions and evaluations. This meticulous approach not only fortifies the reliability and efficiency of the engineering processes but also ensures a greater level of accountability in decision-making. Ultimately, the integration of MADe leads to a more resilient and effective engineering environment.

Media

No images available

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

API Availability

Pricing Information

$6,000/month
Single Seat: $6,000/month

Pricing Information

$10000.00/year
The full MADe suite is priced at $24960 per annum subscription

Supported Platforms

SaaS
Windows
Mac

Supported Platforms

Windows
Mac

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

Expert Choice

Date Founded

1983

Company Location

United States

Company Website

www.expertchoice.com/riskion/

Company Facts

Organization Name

PHM Technology

Date Founded

2006

Company Location

Australia

Company Website

www.phmtechnology.com

Categories and Features

Decision Support

Not specified

Risk Management

Not specified

Categories and Features

Decision Support

Application Development
Budgeting & Forecasting
Data Analysis
Monte Carlo Simulation
Performance Metrics
Rules-Based Workflow
Sensitivity Analysis

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