Press Release
Õ¬Äе¼º½ Provides Advisory Services, Tools for Enterprise Risk Management
US regulatory update OMB Circular A-123 now requires enterprise risk management.
(Arlington, Va.) Õ¬Äе¼º½, a leading risk management provider and trusted advisor to the government sector, had anticipated the update to Circular A-123 from the United States (US) Office of Management and Budget (OMB) requiring US executive departments and agencies to adopt enterprise risk management (ERM), and has expanded its suite of ERM advisory solutions aimed at risk-informed decision making and mitigation strategies.
To help organizations comply with the new guidance and manage their risk exposure, Õ¬Äе¼º½ provides a suite of advisory resources and proprietary risk management tools through the Company's safety, risk and compliance services business unit.
"Õ¬Äе¼º½ has highly developed methodologies that enable organizations to quickly implement a proactive risk management culture. Our best practices are based on an adaptive ERM framework that applies a holistic approach throughout an organization and provides controls for diverse risk factors," says John Duncan, Õ¬Äе¼º½ Vice President, Government. "Since 1971, we have worked with thousands of commercial and government clients to understand and mitigate an extensive range of strategic and operational risks, giving us an unparalleled level of experience to address the entire risk portfolio."
"Our risk management professionals have performed extensive research as to why organizations have failed in the past to systematically identify, analyze, and address risks. This insight supports our evolving guidance and proprietary tools that can assist leaders charged with ERM," says Laura O. Jackson, Õ¬Äе¼º½ Senior Program Director for Strategic Planning and Enterprise Risk Management. "Our goal is to provide clients with a tailored ERM framework and organizational risk profile that will serve as the foundation for managing risk effectively and efficiently across their enterprises."
Jackson recently presented the webinar "Introducing Enterprise Risk Management," which is available for download in the Õ¬Äе¼º½ Knowledge Center.
Õ¬Äе¼º½ offers complementary engineering and analytical services in predictive and data analytics; incident investigation and root cause analysis; training and certification services; safety culture and performance evaluations; and security risk assessments.
For more information about OMB Circular A-123, read an on the White House's official blog.
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Õ¬Äе¼º½ of Companies, Inc. (Õ¬Äе¼º½) and its operating subsidiaries provide risk management solutions and certification services worldwide that help clients address the safety, integrity, quality and environmental efficiency of critical assets and operations. Headquartered in Spring, Texas, Õ¬Äе¼º½ operates with more than 1200 professionals across the globe, serving the marine and offshore, oil, gas and chemical, government, power and energy and industrial sectors. Õ¬Äе¼º½ is a subsidiary of ABS (), a leading marine and offshore classification society.