Catastrophic losses to life and property from bushfires / wildfires have emphasised the need for a more strategic approach to managing fire. A key requirement of such an approach is a means of quantifying overall bushfire risk and prioritising the work required to remediate the risk. Our PLP enterprise system allows for an integrated approach to wildfire risk analytics by leveraging a cloud-based, structural modeling big data platform, backed by advanced predictive algorithms.
Our solution is based on the principles discussed in ISO:31000:2018 Risk Management Guidelines, which provides a common approach for managing any type of risk. Our solution focuses primarily on the risk assessment and seeks to
- Develop capabilities in predicting an asset’s overall wildfire related risk; and
- Given an asset’s risk, prioritize work, repairs and/or replacements to minimize its risk potential