Sword Active Risk, a supplier of specialist risk management software and services, has been selected by Sydney Motorway Corporation (SMC) to manage Risk, Audit and Compliance for its Sydney road infrastructure project, WestConnex. The Active Risk Manager (ARM) Software-as-a-Service solution will be delivered via Amazon Web Services and will be rolled-out across the three different disciplines in a phased implementation. ARM was selected after a formal competitive tender process and will replace the current risk management tools within the project.
Darren Gustard, Chief Audit and Risk Executive of Sydney Motorway Corporation said; “After a rigorous competitive tender process Active Risk Manager from Sword Active Risk was selected as the best match for our requirements. Additionally we were impressed with ARM’s strong track record for managing risk within globally renowned infrastructure mega-projects.”
Keith Ricketts, Vice President of Marketing at Sword Active Risk commented; “Increasingly we are seeing forward-thinking organizations like Sydney Motorway Corporation moving towards a more integrated and holistic approach to risk management. The ARM SaaS delivery model is enabling organizations to implement in a fraction of the time of on-premise solutions.”
“With fewer operational overheads, reduced IT dependence and a move from capital expenditure to operational expenditure, more and more risk-aware businesses are looking to underpin successful project management, audit and compliance with a SaaS based risk solution that gives a much faster ‘Time to Value’.” Continued, Ricketts.
Active Risk Manager is used in mega-projects around the world including Crossrail, Downer Rail, Northern Gateway Alliance and Thames Tunnel.