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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 Relyence Fault Tree?

The Relyence® Fault Tree Analysis tool provides a comprehensive platform for creating intricate FTA diagrams, modeling a variety of input events, and calculating a broad range of availability metrics using its advanced mathematical engine. This sophisticated calculator quickly and accurately derives crucial risk and safety metrics, ensuring reliable assessments. By supporting both exact calculations and simulation techniques, the mathematical engine increases the adaptability of the analysis. Users benefit from an intuitive and user-friendly interface that allows for the creation of visually appealing and systematically organized diagrams. The software is particularly adept at optimizing fault tree configurations, automatically aligning and connecting gates and events for smooth integration. Suitable for both minor and extensive risk assessments, the Relyence Fault Tree Analysis software provides a flexible and approachable structure for thorough analysis. Its clear layout not only aids in constructing well-organized diagrams but also enhances their visual appeal, making it an essential tool for industry professionals. By utilizing Relyence, you can effectively navigate intricate risk scenarios while ensuring clarity and accuracy throughout your analysis process. Additionally, the tool's capability to streamline complex assessments contributes to more informed decision-making in risk management.

Media

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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

Pricing not provided

Supported Platforms

SaaS
Windows
Mac

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Not specified

Company Facts

Organization Name

Expert Choice

Date Founded

1983

Company Location

United States

Company Website

www.expertchoice.com/riskion/

Company Facts

Organization Name

Relyence

Company Location

United States

Company Website

relyence.com/products/fault-tree

Categories and Features

Decision Support

Not specified

Risk Management

Not specified

Categories and Features

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