Data and Risk Analysis

Overview

High-quality data and risk analysis can provide organisations with a better knowledge of their reliability, safety and cost performance.

FHK's data and analysis expertise and deep understanding of railway risk models provide our customers with the tools and processes to reduce risk and cost and improve reliability.

Our experience includes working with various operators and rail industry organisations in different countries to undertake reliability and safety-focused monitoring and continuous improvement programmes to improve railway network safety and performance.

Services

FHK offers a range of services related to data and risk analysis, including:

Safety risk model development to provide quantified risk analysis.
HAZID, bowtie and fault & event tree analysis.
Advising on safety reporting and data collection software specifications according to standards, such as RIS-8047 and BS EN 50126.
Assessing data quality and providing advice on definitions and terms.
Advising on station and passenger safety strategies as well as on taking safer decisions when managing change.
Analysing and visualising data and risk to provide meaningful insights for the implementation of safety strategies.
Asset reliability data recording, analysis and reporting.
Whole-life cost optimisation and spare part prediction analysis.