RiskWorks, NOSA's software subsidiary and a MICROmega Holdings company, recently signed its two largest offshore clients to date, based on its unique Miracles (multiple integrated risk assessment and control level evaluation and selection) software solution to risk management.
The clients in question are AST International and Alec, two international construction companies with contracts in Dubai.
"The Miracles solution instantly appealed to both companies, mainly because it is the only risk management software solution that is not designed around any one measuring tool," says Riaan Lourens, executive director of RiskWorks.
For contractors in Dubai that are required to implement various United Arab Emirates (UAE) standards rather than the traditional ISO or OHSAS standards, a multifunctional software program is the ideal risk management software solution.
In fact, following the launch in January 2009 of the Leadership in Energy and Environmental Design (LEED) standard in Dubai, the need for the Miracles solution is absolute.
"Software systems tend to be designed around a specific industry standard, such as the ISO or OHSAS standards," Lourens explains. "This means that they can only be used in conjunction with that particular measuring tool."
The problem with this system is that the field of respected industry standards is widening across the globe, with many multinationals even developing their own internal standards.
In response to this diverging market, RiskWorks created Miracles, a system able to identify dangerous tasks and areas and then devise controls based on any uploaded standard.
"Miracles has the unmatched ability to comply with any standard," says Lourens. "The relevant information just needs to be uploaded and the system does the rest, ensuring that any standard can be measured and complied with.
"This ensures that an effective and accurate risk management system can be designed for a specific company or project."
To date, over 200 risk assessments have already been completed across 12 construction sites in Dubai.
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MICROmega Holdings
MICROmega Holdings is a JSE-listed company (Share code: MMG ISIN: ZAE000034435) and provides services and products to an international client base across both the private and public sectors. The group's diverse portfolio clusters into four business groups, namely financial services, information technology, support services, and automotive components. Services and products include:
Inter-dealer broking
Revenue management solutions
Web-based software and information visualisation solutions
Importation and distribution of power supply solutions
Manufacture and distribution of automotive components
Employment outsourcing services
Risk management services
Occupational health and safety services
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