Risk Decisions Boosts Organisational Risk Success with Predict 5.1

Posted 26 April 2017 by Fiona Racher from RDL | 0 Comments

Press Release: Oxford, 26 April 2017: Risk Decisions today launches a new version of Predict 5 to help organisations improve business performance through risk insights. Focusing on enhanced reporting capability features, the platform will transform the way businesses use and apply their risk insights, enabling more clarity, control and confidence within risk management strategies.

Enhanced reporting capability

Predict! Risk Reporter is a brand new module within Predict 5.1. This enhanced reporting capability supports customers’ decision-making capability and places risk insights at the centre of organisational decision-making. Risk Reporter will improve the way businesses use their data via a flexible, integrated and embedded reporting system.

Other key additions include customisable report templates, which can be personalised for specific business needs and shared across the organisation. The integrated features are aimed to foster wider user engagement with risk management. The product’s dashboard has been further developed to encourage a proactive approach to risk management too.

Taking risk data to the next level

Predict 5.1 uses its integrated, embedded reporting capability means businesses have full visibility of their risk picture and risk management effectiveness; it empowers risk managers with to-the-minute data, which can be shared with decision-takers.

Long-standing customer Victor Astorga, Risk Management at OHL, the international construction group is piloting Predict 5.1 and comments, “I am really impressed by how quickly and easily we can create and report on lists of risks meeting the criteria that are important to us. This increased flexibility in reporting supports improved programme level and business decision making.”

“The organisation-based items for attention dashboard gives our managers greater control by enabling them to quickly identify which risks and mitigation actions they and their teams need to focus on: be they project, programme or business level.”

Understanding customer needs

At the heart of Predict 5.1 is creating an organisational step-change to shift how customers use risk management more proactively and strategically. Global Business Development Director Fiona Racher commented “As a programme or business manager responding to an increasingly uncertain and volatile world, our customers need to make data-driven decisions quickly. This requires reports at their finger-tips, with real-time access to the specific organisational risk information needed. Different programmes, functions, and stakeholders will have distinctive needs. Predict 5.1 accommodates that. Our customers can seize, absorb and mine that risk data, creating new ways to reach business goals and potential.”

About Risk Decisions
Risk Decisions is a leader in risk management and analysis software globally. Founded in 1985 it creates, develops and supports Predict! the leading global risk management software. Working with SMEs, government and corporate organisations across project, programme, enterprise and bid risk management, Risk Decision’s team specialise in the defence and aerospace, construction and infrastructure, and life sciences sectors. Headquartered in Oxford, UK, Risk Decisions also has an office in Australia. Customers include UK Ministry of Defence, Australian Department of Defence, Hatch, Navantia, KBR, OHL, Raytheon and BAE Systems.