Risk-adjusting corporate planning and performance is all about increasing the certainty in delivering the business plan and hitting more organizational objectives, more often.
ARM holds both qualitative and quantitative data and links key risks to strategic objectives and KPIs. ARM provides a ‘monetized’ view of risks which makes for clear comparisons between alternatives. In this way ARM supports better informed strategic decision making and provides an evidence-based approach to assessing the potential actions.
ARM enables a risk-adjusted view to show both upside and downside scenarios against the plan. ARM shows how to mitigate the risks and make the most of the opportunities, enabling forward-looking decision making. Controls, mitigation and fallback plans are held within one system to enable program, portfolio and enterprise-wide insight and action. ARM outputs can feed risk-adjusted balanced scorecards.
ARM simplifies and speeds up the whole data collection, preparation and presentation process. This is a significant saving in itself where traditionally the reliance has been on collating multiple spreadsheets and hand creating PowerPoint presentations. ARM automates information provision to support decision making at all levels from project through program to senior management and board level.