Standard Governance, Risk, and Compliance tools can be beneficial, but often a one-size-fits-all approach forces you to conform to a generic framework with limited customization options. HECTOR, however, is specifically tailored for energy and infrastructure companies—such as utilities, midstream firms, exploration and production, and refined products companies.
You don’t want to waste valuable time trying to adapt your processes to a framework designed for another industry or deciphering unfamiliar terminology. What you need is a tool that aligns with your operations and business environment, allowing you to concentrate on what truly matters: safety and reliability.
No square pegs in round holes here—there's no need to learn a new language because we understand yours. HECTOR is tailored to your business, aligned with your operations, and fully customizable. This means you can start reaping the benefits of HECTOR immediately, minimizing the time and effort needed for implementation while maximizing your return on investment.
HECTOR equips you with the tools to thoroughly analyze how your controls mitigate each specific risk. It allows you to document the functionality of these controls and assesses their effectiveness through scoring. This comprehensive approach enables your leadership to gain clear insights into residual risk levels and observe trends over time. With this data-driven information, your team can make informed and defensible risk decisions—whether to treat, transfer, terminate, or tolerate the risk—ensuring that each choice is backed by solid evidence. This clarity not only enhances decision-making but also strengthens your overall risk management strategy.
HECTOR enhances transparency and accountability throughout your enterprise by clearly documenting roles and responsibilities in relation to controls and risks. This structured approach ensures that everyone understands their specific duties and how they contribute to risk management. Additionally, HECTOR’s automated alerts and reports promote cross-functional engagement, facilitating collaboration between different teams. This improved communication leads to better governance, as all stakeholders are kept informed and aligned on risk management initiatives. Overall, HECTOR fosters a culture of accountability and proactive risk oversight, strengthening your company’s resilience.
Risk doesn’t exist in a silo, and neither should risk management. HECTOR enables you to integrate Risk Management with Management of Change, PSMS (or SMS), Quality Assurance, Field Assessments/Quality Control, and Compliance.
Along with technical support for HECTOR, we also offer expert assistance in translating your procedures, practices, standards, and engineering, design, and automation into documented controls that are mapped to risks. We provide facilitated sessions with your subject matter experts to define and document processes, as well as to conduct scoring.
Contact us to learn more.
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