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Active Risk ManagerARM (Active Risk Manager) is a widely deployed web based project / program / portfolio / enterprise risk management software. ARM enables identification, analysis, handling and monitoring of risks, opportunities and issues/incidents, both quantitatively and qualitatively.  ARM delivers visibility, securely, to all risk related information across the program /portfolio/ organization to ultimately improve program performance, optimize resources, and ensures a common, standardized, and integrated risk management process and culture are adopted quickly and effectively. ARM is easy-to-use, web-based with multiple user interfaces, promotes adoption and helps infuse a risk management-driven culture transforming risk management from a capability into a competitive advantage.

ARM integrates with many of the leading project management planning and requirements management applications, allows risk to be identified, assessed, managed and reported against any point on a work, requirements or organizational breakdown structure (WBS, RBS or OBS, respectively), includes a robust cost and schedule quantitative analysis engine, and allows for risk adjusted, and post mitigation, EAC’s to be reported.

ARM can help make your risk initiative more effective, highly demonstrable, and optimize resources so that more time is spent solving risk challenges versus beautifying risk charts.  The scalability, security, and accessibility of ARM are all factors that make it a leading enterprise risk management system within both Government Agencies and the Defense prime contractor community.

A large contengency of the Tier 1 defense contractors in the US and around the world use ARM because of its proven capability in the aerospace & defense industry.  Representative Active Risk’s clients include NASA, US Air Force, Northrop Grumman, Lockheed Martin, General Dynamics, Raytheon, EADS, United Technologies, TASC, Oshkosh, BAE Systems, Moog Aerospace and many others.

For more information visit www.activerisk.com or email us at info@activerisk.com

Active Risk

Active Risk is the provider of the enterprise risk management solution to the Federal Government and serves as the de facto gold standard risk management solution for DOD, Intelligence and Civilian agencies. We provide software, maintenance and implementation consulting to the Federal Government and its contractors to manage strategic, portfolio, operational and project risk.

Our products are certified in classified and unclassified network environments and meet or exceed all requirements for risk management systems.  We focus on providing a leading secure solution for Enterprise Risk Management — period. This laser focus enables us to be at the forefront of emerging issues and technology to deliver real-world risk management solutions.

Learn more: http://www.activerisk.com

ARM in Action

The US Air Force Enterprise Risk Management System (AFERMS) is powered by Active Risk Manager (ARM). ARM enables risk-based decision making for improved performance throughout program life cycles— deliver projects on time and on cost.

Learn More: USAF embraces ARM to Support Acquisition Portfolio Risk Management Program

Active Risk USAF Resource Center: http://www.activerisk.com/usaf/

ARM Community of Practice (CoP) AF Portal: https://wwwd.my.af.mil/afknprod/community/views/home.aspx?Filter=21505

Active Risk’s Enterprise Risk Management solution, Active Risk Manager (ARM), enables aerospace and defense organizations to institutionalize rigorous program risk management processes through one comprehensive system.

ARM Enables Inclusivity— everyone can participate in the risk management process at the level of detail and security required.

ARM Enables Visibility— ARM can be configured so that risks at IPT, Project and Program levels can be rolled up to the tiers above.

ARM Promotes Cost Savings— ARM’s breadth and depth of capability means that many other tools and in house developments can be replaced with one system.

 

ARM will enable your organization to:

Reduce unanticipated costs and schedule slippages – ARM provides a system to proactively identify and analyze risk at the beginning of a program or project and deliver real-time data to all stakeholders from proposal through completion.

Optimize resources across the portfolio – ARM provides a comprehensive, real-time view of risk from across your entire portfolio of programs.  Data is always up to date and available 24 hours a day.

Improve communication across programs – ARM makes it easier to identify and share best practices by providing a system of record for risk management.

Demonstrate and share an integrated risk management approach with your customers, many of which use ARM.

Learn More: ARM for Project Risk Presentation

 

ARM is the de facto standard for the aerospace, defense, and intelligence agencies. It meets all DoD requirements for qualitative and quantitative risk management for projects, programs and across entire organizations including:

  •  ISO 31000
  •  DoD 5000 Series
  •  DoD IMP/IMS Prep and Use Guide
  •  AF Pamphlet 63-5 IMP/IMS Guidance
  •  AF Pamphlet 63-128
  •  DI-MGMT-81650 – IMS
  •  ANSI 748 Risk Management Requirements
  •  NIST Risk Management Standard
  •  DAU guidelines
  •  OMB and GAO guidelines

 

Popular ERM Capabilities for Aerospace & Defense:

  • Program Management
  • Portfolio Management
  • Schedule & Cost Risk Analysis
  • Margin Improvement
  • Compliance Management
  • Incident Management

OtherARM Active Risk Manager - Active Risk
  

Barbecana's Full Monte Schedule Risk Analysis software provides very fast Monte Carlo simulation of project risk and uncertainty.  Full Monte can import existing Risk+ uncertainty information and can perform simulations many times faster.  This allows more simulation to be performed in a given time which can lead to a more realistic suggested project completion date. 

A cost effective and high performance simulation software to help provide realistic and achievable project completion goals.

OtherBarbecana Full Monte Schedule Risk Analysis
  

DecisionTools Suite adds a comprehensive decision and risk analysis toolkit to Microsoft Excel.  DecisionTools Suite is an integrated set of Palisade products that delivers Monte Carlo simulation, genetic algorithm optimization, decision trees, and sensitivity analysis all in one package.

DecisionTools Suite is an integrated set of products that provides Monte Carlo simulation, genetic algorithm optimization, decision trees, and sensitivity analysis all in one package.  DecisionTools Suite combines Palisade's leading risk and decision analysis tools for Microsoft Excel: @RISK for Excel, PrecisionTree, TopRank, RISKOptimizer, BestFit, RISKview, and @RISKAccelerator; for the most advanced analysis capability available today.

Benefit of Value

OtherPalisade DecisionTools Suite
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Software that supports the end-to-end risk management process.

  • Quickly embed best practice risk management techniques within the team
  • Enhance the ability of the team to identify risks in advance of their occurrence
  • Implement consistent quantitative and qualitative risk assessment techniques
  • Develop cost effective risk mitigation strategies
  • Produce instant reports including Heatmaps (PIDs), Risk Burndown / Waterfall Charts etc.
  • Create custom data fields and report templates for the specific needs of the team
  • Export data to Excel, PowerPoint, Project and other applications
  • Manage Issues and Opportunities alongside risks if required

Software that supports the end-to-end risk management process.

OtherFor more information visit our website
  

@RISK (pronounced “at risk”) performs risk analysis using Monte Carlo simulation to show you many possible outcomes in your spreadsheet model—and tells you how likely they are to occur. It mathematically and objectively computes and tracks many different possible future scenarios, then tells you the probabilities and risks associated with each different one. This means you can judge which risks to take and which ones to avoid, allowing for the best decision making under uncertainty.

@RISK also helps you plan the best risk management strategies through the integration of RISKOptimizer, which combines Monte Carlo simulation with the latest solving technology to optimize any spreadsheet with uncertain values.  Using genetic algorithms or OptQuest, along with @RISK functions, RISKOptimizer can determine the best allocation of resources, the optimal asset allocation, the most efficient schedule, and much more.

Benefit of Value

OtherPalisade RISK
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The attached Risk Card provides teams with a simple document to display identified risks, along with the likelihood / consequence and the proposed mitigation strategy.

Risk Card

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This is an example of a format for project personnel to submit risks for inclusion in the risk mitigation strategy. It is the Risk Mitigation Plans format used by UDLP for their Crusader Program to document the risk statement, solution options, selected approach, specific actions, schedule, risk reduction projection, estimated cost and associated metrics.
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Risk Radar Enterprise (RRE) is an easy-to-use Risk Management web based application for enterprise-wide  program and/or project level Risk Management. RRE enables effective management and communication of project Cost, Schedule, Technical and Performance risk in one or many projects within a common flexible and scalable enterprise framework. RRE gives managers and their teams the visibility they need to proactively Identify, Analyze, Track, Control, Mitigate, and Report risk.

RRE Version 3.0 includes Opportunity Risk Management capability and Association functionality to associate risk across projects, other risks and user defined fields.

RRE supports guidance from the PMI PMBOK®, IEEE, SEI CMMI and DoD Risk Management Guide for DoD Acquisition. RRE is Navy Marine Corps Intranet (NMCI) Certified!

Easy to Use - No formal training required

Scaleable - All licenses are perpetual and reusable - No license renewal fees. Buy additional Project and User licenses as your needs grow

Adaptable - Supports enterprise risk management in any domain. Built to be Domain independent.

Customizable - Tailorable Risk Matrix, drop down menus, risk triggers with automatic email notifications and ad hoc report generator

Affordable - Commercial, Educational, Government and Quantity Discount pricing available

Detailed, easy to use built-in User Guide.

Cross referencing of Risk Associations across projects, other risks and user defined fields

Executive Management Oversight Rollup filter

Robust user authentication and permission assignment. Permits PKI/CAC or standard userid and password authentication.

OtherPRO-CONCEPTS LLC Risk Radar
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This is an excellent example of a Risk Management Plan from the Texas Department of Human Services. It follows the 'Guide to the Project Management Body of Knowledge (PMBOKTM)'.
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The Program Manager's WorkStation (PMWS) is an electronic suite of tools designed to provide timely acquisition and engineering information to the user.
OtherThe Program Manager's WorkStation PMWS
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