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News
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STG & CMCS launch first Risk Management Symposium in Middle East ()
Strategic Thought Group (STG) and Collaboration, Management and Control Solutions (CMCS) have announced that they will be co-hosting “The Risk Management Symposium” in Abu Dhabi on October 11th, 2010. more
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STG provides new easy to use and affordable ERM software options ()
Active Risk Manager (ARM) now includes: ARM Lite, ARM for Outlook and Collaborative Workshop Solution (CWS). more
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World's largest oil corporation selects ARM from Strategic Thought Group ()
Active Risk Manager selected by Saudi Aramco the world's largest oil producer. more
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ARM nominated in over 20 awards ()
Active Risk Manager nominated in over 20 awards, including Risk Management Product of the Year. more
Risk Case Study >
USAF
It is fair to say that “Nothing comes close” to the USAF in terms of other nations’ air forces. With over 7500 manned aircraft, 2000 air-launched cruise missiles and 800,000 military and civilian personnel it is the largest air force in the world.
The Air Force’s Air Force Material Command (AFMC) wanted to institutionalize rigorous risk management to enable on time, on budget and to high technical performance the delivery of acquisition programs and projects that equip the warfighter to protect the national interests of the USA. To ensure correct funding decisions are made AFMC needs to know the risk profile of each program. It can then decide whether additional funding is required to mitigate risk in one program while in another funds could be released as successful risk mitigation strategies have been deployed. To assist in achieving the goal of correct resource allocation AFMC installed Active Risk Manager (ARM).
Why Active Risk Manager?
ARM will be used to monitor the progress of current and future programs and help with the rationalization and allocation of resources across the USAF portfolio of programs. Current programs number around 500 with many thousands of potential ARM users.
ARM also supports the November 4th 2008 Guidance Memorandum: Life Cycle Risk Management, issued by the Assistant Secretary of the Air Force (Acquisition). This guidance, which is mandatory under AFI-63-101, Operations of Capabilities Based Acquisition System, stipulates that robust, rigorous, and standardized risk management must be done by all ACAT, pre-milestone/key decision point B, and Services Category I and II programs across the system life cycle. All risks and associated handling plans must be tracked in a risk management database that can operate across both lifecycle phases as well as other organizations and prime contractors.
Mr Blaise Durante, Deputy Assistant Secretary for Acquisition Integration for the United States Air Force sponsored the evaluation and subsequent purchase of Active Risk Manager. Mr Durante also entertained delegates at an US ARM Customer Conference in Washington as the Key Note Speaker. During his presentation Mr Durante told the audience that “Strategic risk is the threat or opportunity presented by changing conditions across the portfolio of multiple program/projects and that strategic risk is hard to measure.”
