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Risk Decisions upgrades risk management capability for Lockheed Martin unit with Predict! 4.
OXFORD, UK, JUNE 2009 – Risk Decisions, a leading supplier of risk management solutions, has announced that Lockheed Martin UK – Integrated Systems (LMUK IS), a prime contractor with many years experience in managing complex defence programmes, is one of the latest organisations to deploy Predict! 4. This latest generation risk management and analysis solution is already in use with a number of high profile organisations including Soteria and Lend Lease.
“Predict! is highly configurable, and will easily support the needs of different programmes,” said Val Jonas, Managing Director of Risk Decisions. “It provides a complete view of all risks on a single screen at the touch of a button and enables organisations to focus on the most important tasks to manage across the whole enterprise.”
Risk Decisions has been supplying LMUK IS with risk management software tools since 1999 to support specific programme capabilities and ensured that the implementation phase went smoothly. It conducted a number of project planning meetings and configuration workshops to fully explore the new functionality as well as carrying out additional development to ensure that Predict! could successfully handle the largest MS Project schedules and generate risk reports as PDFs. Risk Decisions also delivered comprehensive training on the configuration and administration of this new suite of risk management tools.
“Predict! 4 has a highly intuitive, user friendly interface which supports pro-active risk management,” continued Val Jonas. “Of particular benefit is the ability to create baselined mitigation plans, with sets of detailed mitigation actions, and track risk reduction activities against these plans”.
Risk Management Clusters™ will help improve the level of control over risk management processes across the enterprise. This new feature provides an infrastructure for implementing and managing risk with full baselining for performance measurement reporting applications. It also includes the ability to escalate and delegate the management of individual risks to the appropriate level of the organisation.
“Predict! 4.0 enables organisations to achieve compliance with all risk standards including Sarbanes Oxley, Turnbull and Basel II. We plan to introduce a number of key upgrades over the coming months that will provide additional performance gains and further enhance the efficiency of the whole risk management process.” concluded Val Jonas.
