Risk Management
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ARM now available on the USA GSA Schedule 70 ()
The U.S. GSA has awarded STG a five-year Multiple Award Schedule (MAS) contract for the supply of ARM. more
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Controls Management ()
STG has released major enhancements to support operational, financial and regulatory controls management. more
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CEO relocates to US ()
STG further demonstrates its commitment to its US customer base and the growing ERM market in America. more
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ARM 4 now available ()
STG announces the immediate availability of ARM 4 the latest release of Active Risk Manager. more
Risk Management >
Disciplines of RM
Strategic Thought focuses on helping organisations to generate value from their risk management activities. This means that we address how managing the risk of a business function (any business function) can generate value for the business as a whole.
In our opinion there are no neat categories or groups of risk management functions, such as the IRM’s categorization (which splits risk into 4 categories; financial, strategic, operational, and compliance), or the current industry buzz group of “Governance, Risk and Compliance”.
Rather, there are simply business functions, all of which will have risk issues to varying extents, all of which require management - and if a business is to gain maximum value from its risk management efforts, it needs to understand the management of risks across the entire enterprise, so that decisions can be made based on the full enterprise-wide picture.
As a result, at Strategic Thought, we talk about Enterprise Risk Management, and we look at the value that risk management can generate from the individual business areas that work together to deliver the goals and objectives of the organization as a whole.
Please find a diagram below illustrating all the different functions within an organization that we think will have a direct interest in the risk management process.
Please follow the navigation on the left to learn about how ARM addresses the risk management issues faced by a selection of the key individual business functions.