The Active Risk Blog


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 ...  



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 ...  



With the Sword Active Risk Sydney conference taking place last month our series of global conferences is over for another year. We are already planning for next year, and in so doing, I got thinking about the feedback we had from our customer survey and the state of the risk industry in general. Without doubt risk management and its alter-ego, opportunity management, are gaining profile within the broader business community.   As businesses become more global and are more susceptible to a much wider range of risks including from within the supply chain, so management boards are looking to risk management to help with business planning.   However, it needs to be more than just a simple box-ticking exercise, or heaven forbid, reliant on spreadsheets. Achieving Risk Maturity, where there is an embedded risk culture within the organization is a journey. In our ...  



Recently I read a report, KPMG Internal Audit: Top 10 key risks in 2015, and it set me thinking. For risk professionals it’s great that our discipline is gradually being adopted across the business. It makes it easier for us to encourage our colleagues to engage with the risk management process and for them to understand the information that we need.   As we know, everyone should have some appreciation of risk management and its importance to the business. The report lists ‘Integrated and continuous risk assessment’ at number 8, something that enterprise risk practitioners would wholly applaud. It stresses the importance of on-going risk assessment, ensuring a common risk language and an understanding of company-wide risk. It even goes so far as to suggest that a holistic approach to ...  



At our recent Global Customer Conferences we asked our customers' opinions about a whole range of issues in our Customer Survey. Most of the questions were about their experience of working with Sword Active Risk and I'm pleased to say that the results were largely very positive.   We also asked about how the importance of risk is perceived within their business, and about the biggest concerns facing the organization at the moment. The results were very interesting.   The overwhelming response is that risk has increased in profile and importance during the last five years and is moving up the corporate agenda. Our delegates tell us that it has increased in importance at 92% or organizations in the US, 81% in the UK, and 70% in the Middle East.   Unsurprisingly the biggest risks are supply chain, cyber security and geo-political issues, however, the level ...