Collaboration, Management and Control Solutions (CMCS) recently announced that Active Risk Manager (ARM), the leading enterprise risk management (ERM) software from Strategic Thought Group, a CMCS partner in the region, has been selected by the world's largest oil producer - Saudi Aramco.
Saudi Aramco supplies around 10 per cent of global oil demand, and has major proven oil and natural gas reserves. In addition to being the top ranked global producer, Saudi Aramco operates refineries, distributes domestically and markets oil internationally as well as owning a tanker fleet. The company has major global investments in refining, marketing and distribution ventures in countries such as Japan, China, South Korea and the USA.
"We are delighted that Saudi Aramco, the global number one in its field, has selected Active Risk Manager. ARM has the proven capabilities to enable the oil industry to take an enterprise approach to risk management," commented Lynton Barker, Executive Chairman of Strategic Thought Group.
Saudi Aramco joins a growing group of global players which use ARM to meet their project, program and enterprise-wide risk management needs. The list includes Rio Tinto, Nestle, NASA and SABIC.
CMCS, a leading provider of Project Portfolio Management (PPM) solutions, had recently partnered with Strategic Thought Group to promote broader use of its web-based Enterprise Risk Management software to enhance enterprise and project management capabilities in the Middle East region. Under the partnership, CMCS will act as the regional distributor and representative of Active Risk Manager (ARM), the most widely deployed Web-based ERM software in the world that is developed by STG. CMCS will be involved in the deployment of ARM in some of the region's largest and well known companies.
-Ends-
About Strategic Thought Group plc
Strategic Thought Group plc (AIM:STR) addresses enterprise-wide risk management (ERM) requirements with advanced software and services that can be implemented across organizations in all industry sectors.
Active Risk Manager (ARM) is recognized as having the most extensive range of ERM capabilities available today. ARM enables the identification, communication, analysis and mitigation of risks and opportunities available in both quantitative and qualitative formats. It covers project and portfolio risk, supply chain risk management, business continuity, controls management, reputational risk, health and safety, incident management, governance, compliance risks and more.
Strategic Thought Group, founded in 1987, is headquartered in the UK and its US operation, Strategic Thought Inc is based in Washington DC.
Collaboration, Management and Control Solutions (CMCS)
Collaboration, Management and Control Solutions provides advanced Project Portfolio Management (PPM) solutions to over 1,400 clients from various industries ranging from Engineering and Construction to Media and Entertainment. It is a registered education provider for the Project Management Institute, the Association for the Advancement of Cost Engineering, the Construction Specifications Institute, and the International Institute of Business Analysis. CMCS is an authorized distibutor of award-winning software solutions which include Strategic Thought Group's Active Risk Manager and Oracle's Primavera line of Enterprise Project Portfolio Management Applications in the Middle East.
For more information please contact:
DNA Communications
P.O. Box: 191117,
Dubai
T. 00971 4 3988490
F. 00971 4 3988491
E. info@dnacomm.com
W. www.dnacomm.com
© Press Release 2010
