Risk-based thinking is one of the NCS managerial tools to ensure resilience when operating complex supply and service setups in harsh or challenging conditions.
The NCS methodology includes risk assessments detailed in risk identification, analysis, and evaluation, followed by mitigation until we reach a post-mitigation risk level within our own and our customers’ risk appetite. At the highest level the methodology is used for NCS organizational risk, but more importantly, utilized to gain an in-depth understanding of specific contractual risks, hence it contributes directly to our fulfillment of customer requirements. At the activity and process levels, it is used for Task Risk Assessments, including environmental and health & safety aspects.
Examples of how risk-based thinking reduces our customers’ risks:
The NCS risk management is ISO 31000 compliant and is utilized for the full range of our ISO certifications.