News and Media
Interested?
If you would like to find out more information about any of our products or contact us to discuss how we can help you, then please click here.
Alternatively contact us on telephone number +44 (0) 208 410 4000 (EU) or +1 (703) 673 9580 (US).
Search our site
Latest News
-
Metcalf on risk-reward ()
CEO Martin Metcalf on how risk management must evolve to include risk and reward more
-
Teixeira In New VP Role ()
Tom Teixiera is appointed VP Enterprise Risk Solutions. more
-
2nd Half ARM Wins! ()
STG announces 14 new contracts in both the US & the EU in the second half of YE2008, including USAF. more
-
New Practice Head Appointed ()
STG appoints a head of the new Banking Payments Practice. more
News >
RACP launched (24/06/06)
Strategic Thought Group launches Risk Adjusted Corporate Performance to
simplify risk and performance management for central and local
government. The new process model and software system is to be launched at ALARM conference, 26 and 27 June 2006.
Strategic Thought Group has announced that its Risk Adjusted Corporate Performance (RACP) business solutions will be launched at ALARM at the end of June 2006. RACP is based on the principles of combining quantified risk assessment and cost of mitigation into the performance management and scorecard process.
RisGen, is an enterprise risk management system from Line International, a company acquired by Strategic Thought at the end of last year. RisGen will be integrated with the new Business Scorecard Manager product from Microsoft® to support Risk Adjusted Corporate Performance in a single software solution that can be purchased, hosted or rented.
This new solution has been developed to meet the specific needs of central and local government to provide a single system to help compliance and reduce the costs associated with increasing mandates for performance measurement. In particular the requirement to report on efficiencies through initiatives such as CPA, BVPI's, EFQM, CFR 2005-06, Regional Outcome Indicators and the Treasury's Orange Book for risk management.
Mark Brown, Chief Operating Officer at Strategic Thought said, "RisGen has a great reputation. It is one of the very few web based applications able to comfortably meet the Risk Management Standard laid down by ALARM, IRM and AIRMIC. The ability to support quantitative financial and non-financial analysis as well as a fully costed mitigation process enables it to offer a unique and very exciting innovation in performance management and scorecarding that will help ensure corporations meet their objectives and targets."
"The essence of this is that traditional performance measurements are modified based on the quantified results of the formal risk management process thereby presenting a far more accurate and managed linkage between actual performance and targets. We are also delighted to be working with Microsoft and the recently launched Business Scorecard Manager product to enable this single solution for performance management and risk to come together in a very cost effective package."
ALARM - The National Forum for Risk Management in the Public Sector www.alarm-uk.com
IRM - The Institute of Risk Management www.theirm.org
AIRMIC - The Association of Insurance and Risk Managers www.airmic.com