Australian Rail Risk Model (ARRM) 5.0 Released
Version 5 of the Australian Rail Risk Model (ARRM) has just been released.
The latest release of ARRM incorporates additional occurrence data from the National Rail Safety Regulator, estimates and other information from the Australian Level Crossing Assessment Model (ALCAM), the latest RTO normalising values, and other publicly available reports from the UK, USA and from the Australian Transport Safety Bureau.
The bigger our dataset
grows, the more accurate the model calculates risk estimates; we’ve now analysed over a quarter of a million railway occurrences! You won’t find another model in Australia with a larger sample size than ours and we’re proud to support this powerful tool for our members.
But don’t just trust us, query the model for yourself to:
· Identify the greatest risks to your organisation
· See how estimates in industry are trending
· Understand the
level of uncertainty in the estimates.
Also, don’t forget to check out the latest risk profile report (available on the landing page within ARRM itself) to understand how the COVID-19 pandemic has influenced risk estimates (or not).
For more information about ARRM please email arrm@rissb.com.au.
