The Heico Companies, a holding company with a diverse industrial portfolio, was facing challenges in identifying and managing Serious Injuries and Fatalities (SIFs) across its various firms. Traditional approaches to reducing SIF potential, such as Heinrich’s Safety Triangle, were proving inadequate as they often misidentified the fundamental issues causing SIF events. The company needed a more nuanced method to reduce SIF rates, especially given its global presence and mixed portfolio. The challenge was to identify tasks with high potential for SIFs rather than focusing on more common severe or non-injury events. Additionally, the company needed to understand industry or region-specific workplace situations with high SIF potential.