Case Study about Network Rail Implements Active Risk Manager
Customer overview: Network Rail operates, maintains and enhances Britain’s railway system and associated tracks, signalling system, rail bridges, tunnels, viaducts, level crossings and major stations.Prior to the implementation of Active Risk Manager, spreadsheets and a legacy bespoke system were used to manage risk across projects on the rail network. There are now in the order of 20,000 risks held in Active Risk Manager ranging across the project, operational and corporate risks areas.Because of the large number of individual projects, which can vary from hard structural projects such as replacing level crossings and bridges to softer organisational change projects, Network Rail needed easy risk reporting for management at all levels.
operational and Corporate risk: At Network Rail both Operational and Corporate risk are also managed using Active Risk Manager. Operational risks are regarded as the day to day risks involved in running the railway within a defined geographical area, for example the Thames Valley. These operational risks from across the company are then rolled up to a bigger picture at corporate level.At Corporate level there are risk registers for all the major functions such as finance, engineering etc and Active Risk Manager allows all the disciplines to combine to give the Board of Directors an amalgamated view. This has lead to the development of consistent processes being introduced across the whole organisation again leading to greater visibility and accurate reports. The company won the 2006 Strategic Risk, European Risk Management Award for Enterprise-Wide Risk Management; Active Risk Manager was part of this implementation.
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