fleet risk profiler overview

Fleet Risk Profiler™ - Oct 2008Risk Frisk Ltd Risk Frisk® is a registered trade mark. © Copyright 2008 Risk Frisk Ltd

Fleet Risk Profiler™ - October 2008Risk Frisk Ltd Risk Frisk® is a registered trade mark. Page 1© Copyright 2008 Risk Frisk Ltd

Fleet Risk Profiler™

Overview


Broad aimsBroad aims

• Provides ability to assemble, implement and measure fleet risk loss control practices in line

with organisational, risk and corporate governance policies.

• Improve business performance and management control.

• Identify, quantify and qualify operational and process risk factors enabling management to obtain strategic and competitive advantage.



How is it different?How is it different?

• Wide range of risk areas.

• Risk management across fleet & related operations

including supply chain.

• Multi site, division and corporate performance

measures.

• Combines disparate risk control methods/measures

within organisation into one tool.

• Enables advanced risk reduction planning.

• Online internal and external benchmarking.


CoverageCoverage

• 16 risk profile factors create operational risk profile

• 8 risk areas cover all fleet & related risks:

�Vehicles, Drivers, Loads, Site, Journey, Environment,

Management Support and Organisational Aspects

�250 + risk elements cover all levels of risk & process

�6 Status questions:

• Risk identification & assessment, Policies & procedures, Communications & training, Monitoring & review, Metrics, Organisational



Methodology principlesMethodology principles

• Based on risk management principles.

� Validity:

• Risk based not legal compliance

• Site performance based on relevant risks

� Reliable:

• Extensive research used to create content

• International testing used to establish reliability of results

� Consistent:

• Flexible but consistent across time and location

� Useable:

• Creates organisation wide fleet risk management system

providing management control of operations and supply chain

• Risk reduction plan to suit the organisation needs


Benefits Benefits -- 11

Clear prioritisation and ranking of

risks by danger.

Identify priorities for action

Process evaluates each risk by

risk managing status

Accuracy, ownership and

accountability

Users review each risk against

their own operations

Legal (de facto) compliance and/or

defence

Comprehensive coverage of all

fleet & related risks

Clear comparison and

prioritisation of risks by area

Use for multiple sites and supply

chain

Outputs/ValueInputs




Usable for corporate reviews, goal

setting and performance

management. Real control

Reports provide different

types/levels of general and

detailed analysis

Determine action priorities based

on individual sites, overall results,

benchmarking, budgets and

pragmatism

Non-prescriptive action planning

guidance

Set risk appetite at site, division,

area & corporate levels using

internal and external comparators

Internal & external benchmarking,

including comparable fleet

industry sectors

Real-time availability of progress

status and results

View online at site, division, area

and corporate levels

Reduced time and cost of

organisation wide auditing

Fast-tracks the auditing of

multiple sites & supply chain

Outputs/ValueInputs



Facilitates the use of risk area

specialists and reduces the per

user input level/bottleneck

Multiple user facility to spread

input activity

Manage process internally, in

accordance with organisational

priorities and pressures

Application of Profiler™ is self-

managing after initial registration

completed

Due diligence, ongoing risk

assessment and price point

pressure on supply chain partners

Supply chain risk management

Added value service and

protection to existing & potential

clients

Application up/down whole

supply chain

Macro enterprise-wide risk

management & control

Wide range, depth and state of

fleet & related risks

Outputs/ValueInputs




Builds value and maximises return

on investment

Multi-year usage

Investment level low compared to

total value added.

Massive value to cost ratio

Application Internationally,

enabling wider application of risk

management and benchmarking

Use risk-based content, without

reference to ‘legal compliance’

Right sized relevant and cost

effective solution

Identify actual and underlying

causes of risk exposure.

Sites only assessed against their

‘relevant’ risks, not artificial target

Drives reduction in incidents,

insurance costs and operational

losses

Detailed Profiling™ and risk

assessment

Outputs/ValueInputs


OutputsOutputs

• Management overview

• Detailed operational report

�Overview

�Risk areas

�Status

• Benchmarking options

�Internal

�External

fleet risk profiler overview

Documents