Approval and iterations of risk management

Work systematically with risk over time

Once a risk is approved, it’s saved as a fixed version in time. From there, you can make adjustments and track changes – so you can see the effect of actions taken and prioritize correctly moving forward.

Track changes across every approved version

Every time a risk is approved, that version is locked so you can always go back and see the situation as it was.

The next time you update the risk, you continue working from where you left off – while documenting whether the risk has increased, decreased, or changed in nature.

Solstad Offshore: Risk Management in daily operations

“If questions arise from the auditor, the bank, or the board, we can demonstrate that we have a system in place. It's not just a number — say, five, and it's yellow. It’s more like: this is the risk, this is what we’re doing about it, these are our processes, and this is how the residual risk is managed. ”

Tor Inge Dale, Chief Sustainability Officer
Solstad Offshore ASA

Solstad customer story

Work in iterations and track the development of risks and opportunities

When you manage risk systematically over time, it becomes easier to demonstrate progress, prioritize effectively, and stand stronger in audits and certifications.