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News

Risk Decisions Ltd - Predict!4 Released


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Risk Decisions Ltd
: 03 February, 2009  (New Product)
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 Val Jonas, CEO of 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 delivers 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 decision-making 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 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 real-time 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.”



As well as meeting the compliance requirements of all global risk standards, Predict! 4 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.



Risk Decisions is a pioneering global risk management solutions company, with offices in the UK, USA and Australia. The company specialises in the development and delivery of enterprise solutions and services that enable risk to be managed more effectively on large capital projects as well as helping users to meet strategic business objectives and achieve compliance with corporate governance obligations. It has introduced many innovative features that have since become standard features in the industry including risk hierarchy trees, combined threat and opportunity risk impact grids and automated schedule risk analysis. Risk Decisions also plays a significant role in influencing risk management policy and has made important contributions to APM, OGC and PMI risk management guides and standards. Risk Decisions has also made major contributions to interfacing risk with other disciplines, including Earned Value and Systems Engineering. Clients include Balfour Beatty, Mott MacDonald, National Grid, HSBC Rail, BAE Systems, Selex, Raytheon, AgustaWestland, UK MoD, Australian Defence Materiel Organisation and the New Zealand Air Force.
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