Active Risk Manager

Riskonnect’s Active Risk Manager software helps you effectively manage risks from the project level up through the enterprise.

View risk from every perspective. Visualize risk at project, programme, and enterprise levels – as well as the relationships between risks – to make more effective decisions.

Understand the upstream and downstream impacts of project risks. Prioritize risk-mitigation activities that have the greatest reach.

Avoid small problems that add up to big disruptions. Aggregate risk data from frontline projects to spot trends and address threats from an enterprise vantage point.

Active Risk Manager

Product Highlights

  • Bowtie Cause-and-Effect
    Analysis
    Expand your risk view to prepare for deeper analysis of key events, which helps identify critical controls.
  • Dashboards
    Communicate the status of risks and other key indicators – including customizable KRIs and KPIs – quickly and effectively.
  • Heat Maps
    Present leaders with a meaningful visualization of your assessed risks to intelligently prioritize actions.
  • Risk
    Registers
    See risks across projects, programs, and portfolios – and quickly aggregate the data using custom filters.
  • Schedule and Cost
    Impact Analysis
    Remove uncertainty from projects with powerful risk cost and schedule Monte Carlo risk analyses.
  • Risk
    Assessments
    Collect critical business threat information – with lightning fast, automated tools, -- to make the best resource and process decisions.
  • Risk Analytics
    and Insights
    Easily customize reporting and dashboards to tell your story and inform decisions.

ERM Demo Video

Elbit America

ARM has matured our risk management programme by making sure that the practitioners know it can give them analytics with which to take proactive actions to mitigate risks or exploit opportunities. It has also allowed our leadership to have business intelligence information so that they can understand what an individual programme’s risks or opportunities may be doing to their overall portfolio.”

Steve Lundquist, Elbit America

Los Alamos National Labouratory

The single, best feature that Active Risk Manager brings to me as a manager is its single source of truth and the ability to propagate that across the organisation very quickly and very efficiently without having to do multiple transfers and data loads.”

Drew Slaton, Director of Risk Management for the U.S. Nuclear Weapons Programme, Los Alamos National Labouratory

Transport for London

Riskonnect has enabled a culture of risk thinking that wasn’t there before. The organisation now sees risk management as a value-add, not just a box-ticking exercise.”

Ajay Patel, Head of Risks – Projects and Programmemes, Transport for London

Windsor-Detroit Bridge Authority 

My favorite capability with ARM is filtering. When I’m in meetings, I can pull something up and help people think of something that they’re not thinking of. And I love the reporting. Once we have a custom report built, it can be run in under a minute. I like being able to do that part of my job very quickly and making everyone else’s lives easier.”

Sam Crebolder, Manager, Project Controls, Windsor-Detroit Bridge Authority

U.S. Army 

ARM is helpful throughout the whole lifecycle, from the risk identification level all the way up to the PEO MS leadership level.”

Tara Williams, Risk Management Database Administrator, U.S. Army

Ranstad
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Get a Bird’s-Eye View of

What’s Happening on the Ground

If you are only aware of individual risks to each project, how are you supposed to make the all-important connections between risks that impact multiple projects – or roll up critical risk data into a board report? Riskonnect’s Active Risk Manager software helps you understand risk at every level and easily aggregate the data at the enterprise level.

  • Seamlessly manage risk from project to enterprise level within the same risk register.
  • Spot growing risks and emerging trends across projects.
  • Easily collabourate on decisions to ensure that project goals are met on schedule and on budget.
  • Show collabourators relevant information based on security controls, not necessarily every data point.

Don’t Tie Up –
Resources Unnecessarily

How much should you set aside for contingencies? Riskonnect’s Active Risk Manager software uses sophisticated analytical tools to help you confidently predict project costs, time frame, and variability.

  • Capture data from construction managers, engineers, and other non-risk professionals with an intuitive interface that’s easy to navigate even for occasional users.
  • Optimize where and how resources are allocated to ensure your contingency fund provides a reasonable cushion without wasting resources.
  • Understand how risk affects the bottom line so your money can be effectively budgeted.

Stay on Track

from Start to Finish

Feeling the pressure to deliver perfectly to strict specifications on time and on budget? Riskonnect’s Active Risk Manager software automates every step of the risk lifecycle to help you proactively manage risks and successfully complete projects.

  • Streamline administrative tasks, easily make configuration changes (e.g., adding scoring schemes, modifying the folder structure, and creating new record options), and get to go-live quickly.
  • Use API integrations to seamlessly connect your risk data with other systems, including data warehouses and visualization tools.
  • Adjust project schedules based on risk data to minimize unanticipated costs and schedule slippage.
  • Maintain a library of risk information with past experience data and lessons learned to guide future projects.

Meet Special
Industry Requirements

Riskonnect’s Active Risk Manager software offers both secure cloud hosting and on-premises configurations to meet the exact hosting and security requirements of certain industries.

  • Standard frameworks – including ISO 31000, COSO, PMBOK, GAO
  • Industry frameworks – including DOD RIO guide, OMB A-123, OMB A-11, FAA risk management policy

Get Started with These Helpful Resources

EBOOK
Seven Risk Management
Habits for Successful Projects
What makes one project successful and another fail? The answer often lies in the way project risks are managed. This ebook dives into seven habits for manageing risk that will help your projects stay on track for successful completion.
CALCULATOR
Riskonnect Active
Risk Manager ROI Calculator
Take five minutes and answer 15 questions to find out how much you could save with Riskonnect’s ARM software.
RFP TEMPLATE
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project risk management software?
Download Riskonnect’s list of the most critical questions on project risk management-related questions solutions and customise it to suit your needs.

Expand Your Project Risk Management Programme

with Other Riskonnect Solutions

Enterprise
Risk Management
Combine insurable and noninsurable risks so you can anticipate, assess, mitigate, and monitor every threat from every corner of the organisation.
Third-Party
Risk Management
Collect all vendor information – including agreements, contracts, policies, and access credentials – into one place to efficiently monitor suppliers throughout the entire relationship.
Business Continuity
& Resilience
Prepare for threats and minimize disruption to operations.

Start anywhere. Expand everywhere.

Industry Recognition for Riskonnect

Redhand Advisors Forrester Wheelhouse Advisor

Start partnering with Riskonnect today.
Find out how Riskonnect can transform the way you view risk.

Quick Answers to Your Project Risk Management Software Questions

Project risk management software is a platform to manage risks to keep projects on schedule and on budget. It offers sophisticated analytics to predict project costs, contingencies, time frame, and variability. The software saves time and money by optimizing resources and fostering collabouration. And it makes it easy to see connections between risks that impact multiple projects and roll that data up for an enterprise view.

Project risk management software offers a variety of applications – like bowtie cause-and-effect analysis, job safety analysis, risk assessments, and schedule and cost impact analysis – to help you optimize resources and make more effective decisions.

The answer to this question depends on the number, size, and complexity of your projects. Companies with a limited number of smaller projects might find spreadsheets a perfectly adequate tool. As the number and size of projects grows, however, so does the amount of data and insight needed to effectively manage those risks.

You will likely benefit from project management technology if you have numerous complex projects or are struggling to keep your projects on track. Project risk management software helps you understand the upstream and downstream impacts of risks so you can understand risk at every level to successfully complete projects.

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Riskonnect’s flexible model allows you to start anywhere and go everywhere. You can build a solution that fits your needs today – and easily add and upgrade as your business grows and changes.

Riskonnect is designed to seamlessly connect data from multiple sources inside and outside your organisation. We also offer APIs (application programmeming interface) to easily import and export data and out-of-the-box integrations with specialized partners to help you get the most from your data as efficiently as possible.

Pricing depends on the size and complexity of the project and how much customisation you require. We offer three industry-leading implementation options at different price points to fit your budget, while achieving your business objectives as quickly as possible.