The IMS Risk+ Application
Your Tool for Acting on Risk, Not Just Capturing It
Our risk management app goes beyond the register.
The IMS Risk+ application is built for organizations that need more than a place to document risk. It supports the full workflow from analysis through mitigation and monitoring, keeping actions connected to the risks they address.
Designed for the Way Risk Actually Behaves
Risk is not a static list – it’s a continuous condition that shifts as operations change, suppliers evolve, and new processes are introduced. Most tools are built around a snapshot: a register that reflects the risk environment at the moment it was last updated. The reality is, he moment you finish a risk assessment, conditions have already begun to change. That’s why QSI developed Risk+.
- Multiple risk analyses can be created within a single context, allowing different scenarios, conditions, or operational changes to be evaluated independently
- Each analysis supports multiple failure modes, ensuring risks are not isolated but assessed as part of a broader operational picture
- Failure modes are structured with defined causes, effects, and controls, maintaining consistency across assessments
- Mitigation actions are directly tied to specific failure modes, creating a clear line from identified risk to required response
- Actions can be tracked through completion, with visibility into status, ownership, and overdue items
- Risk evaluations can be revisited and updated without recreating the entire assessment, supporting continuous refinement
- Changes to operational context can trigger reassessment, ensuring the risk profile stays aligned with current conditions
- Relationships between risks, actions, and controls are preserved, providing traceability across the full lifecycle
One Workflow – From Identification to Verification
Risk+ is structured around a single, continuous workflow. A failure mode is identified with the specificity needed to analyze it properly. It’s evaluated across severity, likelihood, and detection using a consistent framework. Mitigation actions are created from that evaluation, assigned to owners, and tracked to completion. Controls are verified against the failure mode they were designed to addess. Monitoring continues after verification, because residual risk does not disappear when a control is put in place.
Each step feeds the next:
- Analysis informs the mitigation
- Mitigation informs the verification
- Verification informs the monitoring
Nothing in Risk+ exists in isolation, and nothing requires a separate system to manage it.
Risk Management Built for Operations, Not Reporting
Risk+ sits inside QSI’s Integrity Management System®. That means risk analysis is connected to change management, contingency planning, and operational processes. A mitigation that requires a process change does not need to be tracked in a separate system. A residual risk that requires a contingency plan doesn’t need to live in a different document.
The result is a risk management program that functions as part of daily operations rather than alongside them. Accountability is built in. Visibility is continuous. And when something changes in the business, the risk picture reflects it without requiring a manual review to catch up.
The Risk+ Advantage
ACTIONABLE ANALYSIS
Risk is broken down into how failure occurs and what must be done, not just described and scored
EXECUTABLE MITIGATIONS
Actions are assigned, tracked, and visible, with clear ownership and deadlines that are actually followed
OPERATIONAL INTEGRTION
Risk ties directly into change management and operational processes, not isolated records
CONTINUOUS MONITORING
Controls are tracked against the risk so effectiveness is visible over time
Ready to take your software to the next level?
Join our customers across the globe and say goodbye to the headaches and inefficiencies of managing multiple software programs and applications. Schedule a demo today and see the difference for yourself.
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