New Document Vault, Real Time Alerting, and significant updates to Schedule Risk Analysis and Cost/Impact Risk Analysis in ARM 9
Maidenhead, UK. 26 July 2016 – Sword Active Risk has announced the availability of Active Risk Manager 9 from 29 July. The latest version of Active Risk Manager (ARM), showcased to users and the wider risk community during the ARM Global Conferences (being held in Dubai, Chicago and London in June, and Sydney during September), delivers a raft of new functionality and continues the company’s stated strategy to remain at the forefront of the latest technology. ARM 9 supports more flexible ways of working, while also delivering significant new features that drive collaborative working and encourage more engagement with the business.
ARM 9 introduces a new module, Document Vault, which allows users to store documents within ARM. Key documents can be stored against Activity Structures, Portfolio Structures, Risks, Audits, Incidents or any component record tab simply and quickly, subject to ARM’s robust in-built security. Document Vault supports all commonly used file types including MS Word, Excel, PDF and image files.
Both ARM Schedule Risk Analysis and ARM Cost/Impact Risk Analysis engines have been re-implemented with the latest technology and now feature significant enhancements. They include more flexible outputs with a range of powerful display options, and an additional unique trending ability that gives a 360˚ view of project delivery from a cost and schedule perspective. This enables managers to avoid costly project overruns and ultimately, win more business.
ARM 9 presents data views that allow users to Risk Adjust for both project and enterprise levels, enabling adjustment to cost and revenue information and providing valuable business performance to support decisions at a strategic level.
ARM 9 includes enhancements to ARM Real Time Alerts that can be configured to call users to action and drive workflow around crucial Risk, Issue, Incident and Audit tasks, encouraging greater engagement with business users. There are now more choices on the data and events that can be alerted on, allowing businesses to execute processes with maximum efficiency, leading to competitive advantage.
In addition, there are many smaller improvements that when added together make ARM easier to use, including integration with MS Excel for Audit and support for Primavera XML file types. ARM 9 also includes a multi copy facility which when coupled with ARM’s powerful filtering allows Project Risk Managers to distribute risk registers across large project schedules quickly and easily.
Nick Scully, Chief Executive Officer at Sword Active Risk stated; “At Sword Active Risk we are committed to listening to our customers, and developing the best possible solution to meet their requirements. As the discipline of risk management has grown, so too has ARM. In ARM 9 we have delivered many significant enhancements across the product, and we continue to ensure that the very latest technology is exploited, enabling our customers to add value to their organizations.”