Active Risk (formerly Strategic Thought Group), author of award winning Enterprise Risk Management software, Active Risk Manager (ARM), announced today that the Federal Aviation Administration (FAA) AJE-1 AKA program has selected ARM to support its risk management processes. FAA joins a growing number of US Government Agencies which have chosen ARM for risk/issue/opportunity (RIO) management across their contractors and federal staff.
Loren Padelford, Senior Vice President of Active Risk Group and Chairman of the Americas’ Board commented, “The FAA plans to improve the management and sharing of risks, issues and opportunities to enable better risk-based decision making earlier in the lifecycle. This proactive management approach has the potential to reduce spending on mitigation actions and to ensure project goals are achieved. As ARM is also used by organizations within the FAA’s contractor community, there is the opportunity to improve information sharing which will benefit everyone involved. We welcome the FAA to the ARM user community which already includes the likes of United States Air Force, Department of Homeland Security, US Department of Energy and NASA.”
Active Risk Manager enables the identification, communication, analysis and mitigation of risks and opportunities within a single system to address enterprise-wide risk management (ERM), project risk and governance, risk and compliance (GRC) requirements.