1. Slide 1 Objective: “To safeguard life, property and the environment” Foundation established 1864 Det Norske Veritas AS

2. Slide 2 Major innovation phases in DNV Managing Risk Maritime 1950 - 1970 Offshore 1970 - 1980 Internationalization 1980 - 1990 Diversification 1990 - 2004 Growing home market New markets built on existing maritime competence Looking for growing maritime & offshore markets abroad Looking for new markets abroad in other industries 210 employees1700 employees3000 employees 6000 employees

3. Slide 3 Structures & Hydrodynamics Materials Machinery LNG Supertanker Condeep Laboratories Nano- tech Sandwich unmanned engine room Petroleum services DNV growth strategy - build core competence and bring to new markets DNV had to expand or die 195019601970198019902000 Computers SESAM Quality, safety & security of software Nauticus General hazards: fire and explosion Probabilistic methods Managing risk → Biorisk Egil Abrahamsen Head of Research: 1954-66 CEO: 1966-85

4. Slide 4 ICT in an organisational context: Managing Risk in Software & Systems (MRSS) Challenges –Software is increasingly mission or safety-critical –Software replaces electronics, humans, and hydraulics.  to balance overall risks, an increased focus has to be on managing risks related to software intensive systems value proposition: Less costs by managed software risks The Software Crisis“… software related error killed two.. ” “… Ariadne rocket exploded due to software error… ” “…US blackout exasperated due to bad software…” “… electronic map was not up to date…” “…software error caused Bosch to recall 100000 devices…” “… ship drifted because of software... ”“infringement on software patent cost 25MUSD”“… signal system blamed for crash… ”“… bank liable due to software error.. ” Society is reliant on software. But can we rely our lives, our assets, and our environment on today’s software? Contacts: Lars Bratthall +47 6757 7127, Torbjørn Skramstad +47 6757 8175. Last update: 20 Feb 2004

5. Slide 5 Managing risk for software and systems Tricolor, Software error ?, 2002

6. Slide 6 Challenges for safety and environment Increased need for ship transportation Increased activity in arctic regions, e.g. oil transportation from Russia with new challenges: e.g. pollution, icing Increased short sea shipping with increased land – sea integration and competition. Need for improving shipping recognition regarding : reliability/punctuality, safety and environmental performance

7. Slide 7 R&D needs Need for new innovative technologies/solutions Need for cooperation within the Norwegian maritime cluster Fargis is a national instrument for cooperation