DNV Software is launching a new version of the world’s leading consequence analysis software tool for the process industries, Phast 7. Following the tradition of over thirty years of continuous development and innovation, this latest version introduces an array of new features for managing risk.

The management of risks from major accident hazard facilities has historically focused on safe operation rather than areas such as improved financial performance or increased productivity. But with major advances in information and communication technology and the maturing of technology in other domains, the emphasis has moved beyond straightforward compliance with safety legislation.

“Risk management is not merely about compliance with regulation, but also about improved efficiency. The use of Phast 7 has a direct impact on profit margins, in addition to safeguarding life, property and the environment. As risk professionals we know that good safety means good business,” says Are Føllesdal Tjønn, DNV Software Managing Director.

Tags: DNV