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Critical Top 3 Recommendations Explained
Critical Top 3 Recommendations Explained

Understand the most significant recommendations to support optimization of capital spend and resources to close risk gaps

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Written by Ronjit Mukherjee
Updated over a week ago

Why is it important?

The top 3 recommendations in PHA studies typically make a significant contribution to risk reduction in a processing unit. Because some recommendations are time consuming and expensive to implement, knowing the most critical items will optimize spending and reduce the time a facility operates with high or very high risk scenarios.

How does it work?

Recommendation Criticality is determined by analyzing all scenarios related to each unique recommendation in the context of: presence of existing safeguards, presence of other risk reducing recommendations, the type of risk being reduced and the number of credits (drops in likelihood/severity) each recommendation was assigned.

If there are multiple recommendations on a scenario, only one recommendation is considered at a time.  The risk reduction value of the Recommendation is summed across all occurrences.

Analytics Overview

Critical Top 3 Recommendations show the most critical recommendations in a client's PHA.

The Critical Top 3 Recommendations includes the actual Recommendation descriptions as documented in the PHA and the recommendation category assigned by Risk Alive.

Risk Category Breakdown shows the client specific risk receptors being impacted by each recommendation with the length of the bar indicating the importance of each recommendation relative to the top most critical recommendation.

The module also provides the total risk reduction contribution of just the top 3 recommendations. This gives leadership and capital planning teams a sense of the importance of these recommendations and the need to allocate budget and resources accordingly to close existing risk gaps identified within the risk assessment.

What’s Next?

Learn about the other sections of the Critical Top 3 module:

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