Risk and Cost Summary Graphs

The Risk Summary graph that appears on the summary page of all strategies, represents data in the Active Strategy and in the Proposed Strategy.

Note: The Risk Summary graph does not display Risk records that have been removed from the Proposed Strategy.

Risk Profile

The following image shows an example of the Risk Profile section of a Risk Summary graph in the Asset Strategy risk analysis.

The Risk Profile section of the Risk Summary graph contains the following elements:

• Unmitigated Risk Rank : The values for the unmitigated risk rank for each Risk in the Active Strategy are displayed on the red line.
• Proposed Mitigated Risk Rank : The values for the projected/proposed Strategy Mitigated Risk Rank value for each Risk that belongs to the Proposed Strategy are displayed on the vertical bars. As you make changes to the Asset Strategy, changing the strategy's state to Modified, those changes are reflected in the bars on the graph.
• active risk rank : The Strategy Mitigated Risk Rank value for each Risk that belongs to the Active Strategy. These values are displayed on the gray line shown on the above graph.

From the example graph in the preceding image, you can determine from the eight datapoints on each line that the Proposed Strategy contains eight Risks.

Note: If a Proposed Strategy contains more Risks than the corresponding Active Strategy, the additional Risks are displayed on the Risk Summary Graph. For any additional Risk, the unmitigated risk rank and the active risk rank will be the same until the strategy is activated.

You can use the values in the Category list found in the chart filter to filter the graph to display the risk rank associated with a specific risk category, as shown in the following image.

For example, consider the following graph, which shows the total mitigated risk, 150.1, for the Risk Lubricant Loss across all risk categories.

You would also see this value in the grid for Action Mitigated Risks Rank, accessed via the Actions page in your Asset Strategy:

If you if you select the Mitigated Risks hyperlink you will see the breakdown of this assessment, by category.

If you filtered the Risk Profile section to display only risk values associated with the Operations risk category, it would look like the graph in the following image:

If you place the cursor over the line and the bars, you can choose to show the datapoint values on the graph to determine the exact risk rank values. The following image displays the example graph with the cursor hovering over the Unmitigated Risk Rank for Lubricant Degradation:

The Asset Strategy has been modified in some way (e.g., an Action's Mitigated Risk Rank has been reduced, an Action has been removed, etc.) The vertical bar represents the projected Strategy Mitigated Risk Rank assuming that these changes are accepted and that the Asset Strategy state becomes Active without the changes being reversed.

In the example below, the Action to carry our vibration analysis has been removed and the effect of this on the Risk of Misalignment is shown below. Note that the Mitigated Risk rank has risen to 150, which is the Unmitigated Risk Rank, i.e. removal of this Action would mean that there would be no mitigation of this Risk.

Financial Risk

The next section in the Risk Summary graph is the Financial Risk graph. As seen below, the Financial Risk graph shows the financial risk of each asset in the strategy.

Financial Risk is shown on the x-axis, while the y-axis contains a monetary amount in US Dollars (USD) for the following scenarios, seen in the chart below:

• Unmitigated - The risks presented with no changes.
• Active - The risks as they are in an active strategy.
• Proposed - The risks as proposed with changes to the strategy.

The Cost Summary graph has two sections, as seen in the following image:

• Annual Action Cost
• Action Cost Projection

Annual Action Cost

The Annual Action Cost section displays both Active and Proposed cost on the x-axis compared to the USD cost per year on the y-axis.

Action Cost Projection

The Action Cost Projection section displays cost over the next five years, as seen in the following image: 

On both sections of the graph, you are able to filter your results using the icon. As seen in the image below, the filter allows you to select how to filter the section by Action Type and Total.