About Risk and Risk Assessment

In Meridium Enterprise APM, risk is the combination of a harmful event or condition and its negative outcome. In addition to identifying risks, in Meridium Enterprise APM, you can also perform a risk assessment, which assesses:

In some Meridium modules, you will assess risk using the Risk Matrix. In other modules, you will assess risk using datasheets or other forms. Keep in mind that the type of impact that each module allows you to assess might differ. For example, Asset Strategy Optimization (ASO) allows you to assess safety, environmental, and operational impact. Asset Strategy Management (ASM), on the other hand, allows you to assess safety, environmental, operational, and financial impact.

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