Risk Management Consultancy Services

The areas covered by our risk management consultancy team are:

• Taking safe decisions to meet legal requirements and business objectives
• Risk assessment
• Quantified risk analysis, including use of our Safety Risk Model
• Safety-related cost-benefit analysis
• Risk bowties
• Risk profiling
• Deep-dives, data analysis and safety benchmarking
• Safety metrics and monitoring
• Modelling and monitoring train accident risk, and our Precursor Indicator Model
• Decision support tools, such as our Whole System Risk Model to support response to extreme weather events
• Safety data management and data quality assurance, including managing GB rail’s Safety Management Intelligence System.

Our expert team has experience in:

• Applying our Taking Safe Decisions Framework
• Undertaking or reviewing risk assessments and quantified risk analysis
• Complex data analysis and safety benchmarking
• Developing risk models and decision-support tools
• Helping clients use our guidance on risk bowties
• Applying RSSB risk management standards and guidance, for example on passenger train dispatch and platform safety measures, or trespass risk assessment
• Support to organisations outside GB rail on safety data collection, the management of safety data analysis, and risk modelling.

Why RSSB? 

Our risk management consulting team combines expertise in risk analysis, safety engineering, and safety data management to support safety decision making throughout the GB rail industry.

For over 20 years our experts have been managing and analysing safety data. We have helped GB rail maintain its standing as one of the safest railways in the world. With their up-to-date hands-on expertise, our rail consultancy experts can provide the support you need when undertaking risk assessments and risk modelling and when applying risk management tools, such as our world-renowned Safety Risk Model, to a wide range of issues.

RSSB’s risk management rail consultancy team are active members of various industry risk groups, who lead the industry on innovation, best practice and finding the best way forward. So your projects will benefit from the very latest in rail innovation.

Challenges in Risk Management

Risk management challenges are an ongoing issue, although experience shows they often increase when an organisation or industry is undergoing change or operating in a cost-constrained environment.

Good management of health and safety risk management is both a legal requirement and an integral part of any effective and efficient business. Every passenger, every item of freight, and every member of staff should reach their destination safely every day. Achieving this requires a well-established risk and evidence-based approach to safety. A risk management approach can also be applied to health and wellbeing, reducing risks in this area too. 

Common risk management challenges may include accurately understanding your risk profile, targeting safety improvement effort effectively or developing a safety monitoring programme. Other common challenges include analysing data to better understand a particular concern, deciding between different options, and undertaking change safely.

What we’ve done