Hazard Management
Hazard Management is an example of the flexibility of Active Risk Manager. The capabilities and adaptability of the ARM software have enabled a number of our customers to manage hazards very successfully using the system.
The advantages of using ARM include the ability to identify hazards in a common repository which can share this information enterprise-wide if desired. Hazards can be linked to projects and risk related information such as the overall risk to the business, be that financial, health and safety related, reputational or whatever category is most appropriate.
ARM can bring Hazard Management within the wider enterprise-wide risk framework which includes controls, mitigation plans and fallbacks.
ARM Knowledge Base allows information to be built up and shared as to how the hazards are managed and associated risks addressed. So similar projects can benefit from best practice information which is shared across the business rather than trapped in siloed systems and spreadsheets.
