The Active Risk Blog


  The other day I came across an EY white paper called Turning Risk into Results that I first read a couple of years ago. What struck me is just how on the button the paper was, and we are certainly seeing many of the trends discussed reflected in our own customer base currently.   The paper is all about how leading companies use risk management to improve business performance. The original research was based on a global, quantitative survey (with 576 interviews and a review of over 2,750 analyst and company reports), that assessed the level of risk maturity and its relationship with financial performance.   It highlights some stark contrasts between the top performing companies (in terms of risk maturity) and those at the bottom. For example, companies in the top 20% of risk maturity generated three times the level ...  



Guest blog - Paul Leach – Principal of Commercial & Risk, JukesTodd.   In our business we provide professional services to improve outcomes and business performance for organizations in the mining, infrastructure and energy sectors.   We identified early on when working with our clients that good risk management practice is essential to the successful delivery of all projects including achievement of agreed budgets and timescales. In fact, risk management has always been fundamental to our services approach.   While skilled at identifying risk and opportunities, we recognized that we needed a disciplined approach to help us better manage and drive value from the risk management process – a system that would benefit both us and our clients.   For us Active Risk Manager is that system – it helps us to keep track of project risks, and holds us to account for delivery of effective risk ...  



Don't count on it   I was reading an interesting blog post the other day that stated that Risk Management is something organizations do, not something they buy. This struck a chord with me.   I found myself thinking about the pros and cons of this viewpoint. While simply buying a tool to manage risk clearly isn't going to do the job on its own, these days, you can't manage risk across a complex enterprise, or even a project, without some form of specialist technology.   When we boil it right down, organizations are made up of people who do their jobs to the best of their abilities. However, while you are a risk professional, most of the other people in your organization probably aren't.   As we all know, getting the risk management process to work across the company might work on paper, but is often hard ...  



Now that we are heading into autumn and, dare I say it, winter (at least in the UK), it's time for a quick bit of reflection on what has been a great summer. Our global customer conferences have attracted record numbers and ARM Risk Express received an industry accolade.   Among other appointments, we have recently hired a new Account Director for Australia, supporting expansion in the region and helping us to further strengthen our offering to our growing customer base. We have also made further new appointments across the business in the product areas of development and quality assurance, ensuring that ARM continues to deliver a robust solution to manage risk across the enterprise.   The release of ARM Risk Express during the summer has been very well received by all that have seen it, as well as winning a 2015 GRC ...  



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Our recent ARM User Conference in Sydney was a great opportunity to meet with customers and find out more about some of the work that you are doing in the field. Understanding about your businesses and the challenges that you face helps us to provide support during your project implementations and feedback development ideas for the future.   We know that many of you champion a risk management culture in your organisations and that your businesses are really seeing the benefits of adopting such an approach. Which is why we were particularly pleased to present our new Innovation Award at the conference to the team at Downer Rail for their outstanding approach to risk management in their business practices across their organization.   Ali Sawtell, receiving the Innovation Award on behalf of Downer from Tony Mullen.   What exactly is the Innovation Award and why Downer? As ...