This proactive management has the potential to reduce spend on mitigation actions and to ensure project goals are achieved
Active Risk (formerly Strategic Thought Group), author of award winning Enterprise Risk Management software, Active Risk Manager (ARM), announced today that the Federal Aviation Administration (FAA) AJE-1 AKA program has selected ARM to support its risk management processes. FAA joins a growing number of US Government Agencies which have chosen ARM for risk/issue/opportunity (RIO) management across their contractors and federal staff.
Loren Padelford, Senior Vice President of Active Risk Group and Chairman of the Americas’ Board commented, “FAA plan to improve the management and sharing of risks, issues and opportunities to enable better risk-based decision making earlier in the lifecycle. This proactive management has the potential to reduce spend on mitigation actions and to ensure project goals are achieved. As ARM is also used by organizations within FAA’s contractor community, there is the opportunity to improve information sharing which will benefit everyone involved. We welcome FAA to the ARM user community which already includes the likes of United States Air Force, Department of Homeland Security, US Department of Energy and NASA.”
Active Risk Manager enables the identification, communication, analysis and mitigation of risks and opportunities within a single system to address enterprise-wide risk management (ERM), project risk and governance, risk and compliance (GRC) requirements.
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About Active Risk
Active Risk (formerly Strategic Thought Group)* (AIM:ARI) addresses enterprise-wide risk management (ERM) and governance, risk and compliance (GRC) requirements with advanced software and services that can be implemented across organizations in all industry sectors.
Active Risk Manager (ARM) is recognized as having the most extensive range of ERM software capabilities available today. ARM enables the identification, communication, analysis and mitigation of risks and opportunities available in both quantitative and qualitative formats. It covers project and portfolio risk, supply chain risk management, business continuity, controls management, reputational risk, health and safety, incident management, governance, compliance risks and more.
Active Risk has main offices in the USA and UK and services customers worldwide directly and through a growing network of partners. Active Risk will open a new office in Australia in early 2012.
For further information and a detailed view of Active Risk's products and services visit www.activerisk.com or call +44 (0)1628 582500 (EMEA/Asia Pacific) or +1 703 673 9580 (Americas).
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T: +44 (0)1491 639500
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