ARM’s high end capability as risk management solution for energy and power industries stands out from competitors
Maidenhead, UK. 1 March 2016 – Sword Active Risk has announced that Doosan Babcock, a specialist in the delivery of engineering, aftermarket and upgrade services to the energy sector, has selected Active Risk Manager (ARM) to manage risk across customer sites and projects. Doosan Babcock provides technologies to major organizations operating plants for nuclear, thermal power and for the oil and gas industries. The selection of ARM was as a result of its industry pedigree, having been deployed by many leading energy companies with large-scale infrastructure projects worldwide.
Darren McCartney, Senior Project Manager at Doosan Babcock said; “Our focus is to develop new commercial and technological innovations that add value, increase performance and enhance health and safety for our customers. Active Risk Manager is absolutely right for our business and stood out among its competitors for its overall capability as a high end risk management tool, yet one that is easy to use. We were impressed by Sword Active Risk’s proven use by world leading industry players in the energy and power sectors and this, and their understanding of the importance of risk management, was a key factor in our decision.
“We wanted a common process that could be used across all departments and projects that gives our management teams an overview of exposure, which ARM helps us to do. Plus the reporting functionality in ARM enables us to generate accurate reports for our parent company and customers. For us innovations like Risk Express also underline Sword Active Risk’s insight into how important developing a heathy risk culture is within a business.”
Doosan Babcock will roll out ARM to risk and project managers across the organization. Doosan carries out full risk assessment and evaluation on customer projects, from decommissioning and waste handling of nuclear plants, to supporting construction, operations and upgrades on large energy plants, ensuring that they achieve regulatory compliance. Using ARM Risk Performance Manager (RPM), Doosan Babcock’s managers will be able to generate comprehensive reports giving visibility of the risk information needed to meet health and safety, budget requirements and ensure optimum performance of plant equipment. It also provides the organization with an accurate audit tool to manage risks.
Nick Scully, COO of Sword Active Risk commented: “Enterprise risk management is absolutely critical for companies like Doosan Babcock that manage large scale, complex projects with challenging timescales and that also require rigorous health and safety and regulatory compliance. With the right risk analysis and assimilation of data, the high risks and safety issues in the industry sectors that the company operates within can be reduced to a manageable level. Using Risk Express a company-wide risk culture can be cascaded throughout the organization to include risk owners within the business, not just risk specialists, ensuring more comprehensive coverage of all known risks.”