Bruce Power manages project risk and opportunity with Active Risk Manager (ARM) Tuesday 10 November 2015 PDF Print We were impressed with how easy ARM was to use and the powerful reporting Over 180 engineers and risk managers use ARM to keep Bruce Power’s nuclear stations powering Ontario’s electricity grid Maidenhead, UK. 10 November 2015 – Active Risk has announced that Bruce Power is using Active Risk Manager (ARM) to manage risk and opportunity across all of its capital projects at its two generating stations in Ontario, Canada. Bruce Power’s 2,300-acre site on the east shores of Lake Huron houses the stations which each hold four reactors and together provide power to one in three hospitals, homes schools and businesses in Ontario. Bruce Power uses Active Risk Manager (ARM) to manage risk and opportunity for its continuous capital equipment and IT upgrade projects and programs to ensure it delivers a consistent power supply to the area. Bruce Power selected ARM at the end of 2014, going live just three months later. ARM is now being used extensively by 180 project managers, engineers, planners and risk specialists for specific IT, refurbishing and construction projects. The company conducted a review of several competitor products, selecting ARM for its ease of use, clear implementation path and the fact that it was a complete standalone product, requiring no additional ‘bolt-ons’. Arnie Peña, Risk Management Specialist at Bruce Power explained; “We wanted to increase the use of project risk management and adopt a standard approach through the organization that could be scalable horizontally and upwards within business departments. “Our aim was to use an application that would improve our management of risk and opportunity across the organization, not just on projects but other business units as well. We needed a solution that was flexible and could be easily used by different departments within the organization – Active Risk Manager matched our needs. We were impressed with how easy ARM was to use and the powerful reporting,” said Peña. The reporting functionality, ARM Risk Performance Manager (RPM), provides a way to deliver the risk information needed for strategic decision making. The risk managers can create dashboards, tables and charts using information from the ARM risk register without the need for specialized IT or report writing assistance. “Before we had to try and explain risks just with numbers on spreadsheets, but RPM helps us present risk for projects and programs, our exposure and opportunities, something we just couldn’t do before. It is an excellent communications tool and helps us manage risks better and in a more cohesive way,” added Peña. Keith Ricketts, VP of Marketing at Sword Active Risk stated; “It is vital that companies like Bruce Power that operate in high risk environments manage safety and infrastructure well - both ongoing and proactively. Risk management needs to be kept at the forefront of all project activities. We have designed ARM to be user friendly and with a powerful reporting tool, to help companies embrace an entire risk approach across the business operations. The more that a company can assess risks from the start and actively manage them, they can ensure that projects meet required timescales and safety, legal and financial constraints.” -ends – About Bruce Power Bruce Power is a partnership among TransCanada Corp., Borealis Infrastructure (a trust established by the Ontario Municipal Employees Retirement System), The Power Workers’ Union and The Society of Energy Professionals. Bruce Power’s 2,300-acre site on the shores of Lake Huron houses the Bruce A and B generating stations, which each hold four CANDU reactors. Over the past decade, Bruce Power has refurbished all four units at its Bruce A station, returning 3,000 megawatts of low-cost, reliable electricity to Ontario consumers. Combined with its Bruce B units, Bruce Power generates 6,300 megawatts, providing power to over one in four hospitals, homes schools and businesses in Ontario. For more information please visit: BRUCE POWER About Sword Active Risk Sword Active Risk makes risk management simple, valuable and personal. Sword Active Risk provides the world’s first risk management software that drives business performance by enhancing visibility, accountability and confidence at project, program and enterprise levels. Active Risk Manager (ARM) is the first solution available which integrates Risk Management, Cost Management and Schedule Management to show the real impact of risk, to enable better-informed decisions, and the ability to leverage risk to create competitive advantage. Sword Active Risk is the project risk software provider of choice for the world’s leading Energy, Infrastructure and Defense projects, working with organizations like the US Air Force, Bechtel, Crossrail, US Federal Aviation Administration, Lockheed Martin, Rio Tinto and Skanska to manage project risk worldwide. Sword Active Risk has offices in the UK, USA and Australia, servicing customers worldwide directly and through a growing network of partners. In September 2013 Active Risk was acquired by Sword Group. For more information please visit: SWORD GROUP For further information and a detailed view of Sword Active Risk and ARM please visit: ACTIVE RISK Editors Contacts: Keith Ricketts Marketing Director Sword Active Risk +44 (0) 1628 582 500 Keith.Ricketts@activerisk.com Andreina West/Mary Phillips PR Artistry +44 (0) 1491 639500 firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of PR Artistry in the following categories: Manufacturing, Engineering & Energy, Computing & Telecoms, Construction & Property, for more information visit http://pressreleasewire.responsesource.com/about.