Best practice risk management solutions, helping you to reduce risks and exploit opportunities in your business, programmes and projects.
Predict! 4 delivers effective risk management to improve business confidence
January 2009
Risk Decisions has announced the immediate availability of Predict! 4, a new generation enterprise risk management and analysis solution. Predict! 4 provides a clearer understanding of risks and opportunities and how they impact on the delivery and profitability of projects and business initiatives across the enterprise. It will play an important role in helping organisations to survive the current economic downturn and raise business confidence. According to Nigel Vereker, Product Manager at Risk Decisions: “Predict! 4 makes it easier to identify risks and improve the understanding of their impact across an organisation. It provides a single, holistic view of risk enabling more intelligent business decisions to be made and significant cost reductions as well as giving stakeholders greater confidence in the organisation’s ability to achieve sustained and profitable business.”
Predict! 4 handles both project and enterprise risk management making it the only tool that needs to be deployed. New and unique features include Risk Management Clusters™ that combine local risk management accountability and measurement with enterprise-wide responsibility and performance measurement reporting. Another key feature is the ability to escalate risks to the organisational level where they are best managed. In addition, new role-based reports deliver information that enables more informed decisionmaking by relevant stakeholders, from practitioners to senior management.
Predict! Risk Analyser is a core part of this integrated suite providing cost and schedule risk analysis for setting contingency budgets and schedule reserve for bid submissions and new business opportunities.
Predict! 4 was developed as a result of feedback received from Risk Decisions’ customers around the world and has already been deployed by a number of important Predict! 4 Delivers Effective Risk Management To Improve Business Confidence organisations including Soteria, the consortium currently bidding to take over Britain's coastal helicopter search and rescue operations. According to Roy Logan of Canadian Helicopter Corporation and Programme Manager for Soteria: “Predict! 4 provides us with detailed insights into business performance and what we are doing to mitigate against risks. It helps ensure that risk ownership is managed in realtime across all partners in the consortium enabling management to rapidly react in a planned way to meet changing demands. This simple and easy to use system is also allowing us to demonstrate our understanding of all potential risks and give stakeholders greater confidence in our ability to submit a bid at the right price that can be delivered within the given timeframes.”
Predict! 4 meets the compliance requirements of all global risk standards. It also conforms with ISO3100, the new international risk standard, by ensuring that all perspectives of risk management work together using common processes and tools across the enterprise.
