The Airbus Group is one of the world’s leading international aeronautical, space and defense industry companies. The organization has a holding group governance structure based on four divisions: Airbus, Astrium, Cassidian and Eurocopter. Airbus Group is a multi-national and multi-cultural company which relies on a unique community of passionate people united under a common entity, driven by innovation and pride in its world-class products.
The Airbus Group was formed from a number of existing European companies all with a different approach to risk management. This resulted in numerous risk silos each with its own ecosystem, language and practices. This fragmented view of risk led to duplication of work especially when a group-wide view of risk was required.
Therefore in 2008, Airbus Group management introduced a mission for true enterprise risk management (ERM) to address:
One pillar to reach these goals was the decision to use a group wide IT tool to support the Enterprise Risk Management approach within Airbus Group. As a result Airbus Group selected Active Risk Manager (ARM) from Sword GRC to help consolidate and integrate enterprise risk management across the group, to present a meaningful view of risk and to assist management decision making.
Following a pilot phase, in 2010 ARM 5 provided the functionality and security The Airbus Group required to pull together risk management information across multiple networks and entities. Security was important to Airbus Group, because of its many government contracts in the military sector where certain principles have to be met.
Active Risk Manager is now the first group-wide standard software implementation with the same base configuration within Airbus Group. The solution achieves the objectives set out in the mission for enterprise risk management for integration both at a risk and company level.
Benefits from using Active Risk Manager:
The Airbus Group has built a strong risk management network based on Active Risk Manager. The Group has achieved greater transparency and as a result has reduced duplication and now benefits more from strong best practice and knowledge sharing. ARM provides a full view of risk in programes, functions and processes. Risk is aggregated to provide a meaningful picture to facilitate improved decision making, therefore maintaining business value while adding competitive advantage. ARM ensures that the corporate objectives set out in the mission for enterprise risk are being met for raised risk awareness, a common risk language and risk objectives and the ability to provide an accurate consolidated view of risk.
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