Process Excellence
ARM supports Six Sigma programs and the drive for process excellence. Six Sigma focuses on improving the quality of process outputs by minimizing variability and removing the causes of defects and errors. Six Sigma projects have quantified targets which relate to the improvement sought such as increased profits or cost savings.
Active Risk Manager’s enterprise-wide approach highlights the risks to achieving targets right across the business and puts in place the mitigation steps needed to reduce these risks.
ARM supports process excellence by identifying opportunities for improvement. ARM acts as a central repository to collate all types of opportunities to improve - from safety improvements through cost reductions and process efficiencies. ARM’s ability to rate opportunities on quantitative or qualitative criteria allows effective comparisons to show which opportunities will give the best ROI and should be pursued.
ARM helps drive the cultural change needed to embed a risk-reward aware culture at all levels and its Knowledge Base shares best practice throughout the business so that process improvements can have maximum impact.
