Strategic Thought

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 CTO

The CTO sits at the heart of every enterprise's operations. Whether it be managing the day-to-day information requirements of the organsiation, protecting client data, re-enforcing security measures, managing data storage or preparing for future delivery of IT solutions to assist the company in meeting it goals - IT is a central and vital part of the modern business and the associated risks must be carefully considered and managed. “I want to be able to make decisions today that won’t cost me tomorrow”

Here are some of the benefits that an Enterprise Risk Management system can deliver to you as the CTO:

• Monitoring compliance with COBIT and information security risks is vital to ensure your information remains where it should be - communicated to your decision makers but safe from your competitors.

• Being able to see the strategic risks to the business, ensures that the technology you employ today and in the future can reduce the impact or likelihood of occurence.
• Provide the business with the ability to deliver systems to help those parts of the business which are facing specific risks. (i.e. Our programs always have margin erosion due to schedule delays).
• Ensure the resources you utilize are best employed by having a view of aggregated risk information.
• Put strategic plans in place by having an instant understanding of where problems lie. This is delivered by ARM Reporting Services and ARM Portal Dashboards providing you with overviews of system performance statistics alongside key risk information against your key systems. These overviews also allow you to identify the detail behind the risks meaning that tactical decisions can be guided from the top management tier.
• Consolidate the tools that you use for risk management ending the use of multiple risk registers and quantitative analytical tools that can’t talk to each other and are not integrated to any other tools you use.
• Standardization across your department and in rolling out new systems will drive total cost of ownership down, and maximize capital efficiency (i.e. training for only one risk process and one risk system lowers training costs and improves operational efficiency and effectiveness especially when employees move around in the business or from project to project).

Active Risk Manager provides robust performance and security from a key business information system, integrating into other management information with the assurance of success available from the world’s most scalable and most deployed risk management software.