ABS Consulting Launches THESIS 6.0 Risk Management Software

(Cheshire, UK) ABS Consulting is pleased to announce the release of THESIS BowTie™ (THESIS™) version 6.0 risk management software. The updated version offers a new graphic and print engine and new data handling functions including spreadsheet interfaces and enhanced reporting capabilities, along with many other new and improved features. The software is available in both standalone and web-based Enterprise versions.

THESIS™ was conceived 15 years ago as a simple yet powerful Risk Management system tool with a graphical display of the relationships between the various components that result from the Hazard and Effects Management Process (HEMP).

The bowtie process is fundamental to the effective control of hazards and risks identified in Health, Safety and Environment (HSE) cases. Using THESIS™, an organization can logically map out its approach to HSE Management by developing credible incident scenarios and relating them to their personnel and procedures.

THESIS™ may be used for:

• Hazard identification and risk assessment
• Detailed HAZID, GAP, MOC or LOPA analysis
• Derivation of tasks and procedures
• Incident investigation
• Enterprise risk management
• As the Safety/Live Risk module within ABS Consulting IMSIS™ software

About THESIS™

THESIS™ is developed and managed by ABS Consulting. Although early adopters were primarily involved in oil and gas production, the method has expanded to other industries, including mining, aviation, emergency response, security, shipping, port facilities, defense, freight, finance and local government.

The bowtie concept behind THESIS™ has become an accepted standard for risk management professionals. With advances in software architecture, THESIS™ technology now offers best practices in support of their goals.

About ABS Group

ABS Group of Companies, Inc. (ABS Group) and its operating subsidiaries provide risk management solutions and certification services worldwide that help clients address the safety, integrity, quality and environmental efficiency of critical assets and operations. Headquartered in Spring, Texas, ABS Group operates with more than 1200 professionals across the globe, serving the marine and offshore, oil, gas and chemical, government, power and energy and industrial sectors. ABS Group is a subsidiary of ABS (www.eagle.org), a leading marine and offshore classification society.