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Effective Risk Management
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"Recent research indicates over 70% of programmes are late, over budget or ineffective. Organisations employing effective risk management have reduced this failure rate significantly and gained a significant competitive advantage"

Colin Wheeler, Istria Technical Director and PMI Risk Liaison

"IRIS risk mangement software helped us to derive major financial and performance improvements. The combination of quantitative and qualitative functionality provides robust decision support and the ability to navigate through complex scenarios"

Mehender Rawat, Programme Manager, London Underground

"WFI searched for a risk management support tool for many years. With IRIS, we have finally found a product we can introduce to our clients and ensure they manage their risks effectively"

Michel Sabatier, Head of Consulting, WFI

"In developing the IRIS software product, Istria have successfully managed to integrate our leading-edge quantitative techniques within an extremely intuitive and user friendly application. With IRIS’s qualitative risk matrices, customers now get the best of both worlds"

Chris Marlow, European Sales Director, Palisade Europe

"The IRIS software tool provides us with a rigorous methodology and our clients are able to generate a competitive advantage through risk management"

Mark Cook, Managing Director, Persides Ltd

Istria - Our Partners

The Istria alliance network provides us with a global reach and the ability to provide clients with access to industry specialists in their local market.

If you are interested in joining our alliance network, please contact us

We set out case studies on some of our partners below:

Palisade Corporation

Palisade Corporation Logo

Founded in 1984, Palisade Corporation has been the leader in the decision analysis software industry. Since the introduction of PRISM, the first Monte Carlo simulation package for the PC, Palisade has refined and expanded the software tools available to executives and academics in the area of risk and decision analysis. Palisade’s decision analysis software includes the DecisionTools® Suite: @RISK, TopRank®, PrecisionTree®, BestFit®, and RISKview™. These programs analyse risk, run Monte Carlo simulations, perform sensitivity analyses, create decision trees and influence diagrams, fit data to distributions, and solve optimisation problems.

Palisade and Istria work closely together. The @Risk Developers Kit is fully embedded within the IRIS software product, combining leading edge quantitative risk assessment with a user friendly intuitive application based on practical management of risk "at the coal face"

The Project Management Institute

PMI Logo

The Project Management Institute (PMI) is the world’s largest community of project managers, representing more than 200,000 professionals in 125 countries. PMI professionals cover every major industry including, aerospace, automotive, business management, construction, engineering, financial services, information technology, pharmaceuticals, healthcare, and telecommunications.

The PMI has asked Istria’s Technical Director to be an official risk management expert on their behalf. Colin Wheeler joins as the UK Liaison for the PMI’s Risk Special Interest Group (SIG) from January 2006. The Risk SIG is set up to promote best practice project risk management principles, processes, techniques and tools for project managers across the globe.

The Office of Government Commerce (OGC)

OGC Logo

The Office of Government Commerce (OGC) works with public sector organisations to help them improve their efficiency, gain better value for money from their commercial activities and deliver improved success from programmes and projects. Following the release of a new version of the Orange Book by the Treasury in 2005, the OGC has been tasked with updating its guidance on the Management of Risk (M_o_R).

M_o_R sets out a framework for taking informed decisions about risk at a strategic, programme, project and operational level to ensure that key risks are identified, assessed and that action is taken to address them. It has been adopted by government organisations and commercial companies throughout the world.

Istria is working with the Office of Government Commerce (OGC) in the update of their Management of Risk guidance for practitioners during 2006.

WFI

WFI Logo

WFI is an independent provider of systems engineering, network services and technical outsourcing for the largest wireless carriers, enterprise customers and for government agencies. It has nearly 2700 employees around the globe with office locations throughout the US, APAC and EMEA. It provides the design, deployment, integration and overall management of wired and wireless networks which deliver voice and data communication, and which support advanced in-building automation and security systems.

WFI have fully embedded the Istria Risk Management methodology within their client offering and are currently using IRIS v2.5 on their engagements.

APM Group

APM Logo

The IRIS Risk Management software has become a tool approved by the Association of Project Managers as supporting the OGC Business Change Guidance covering Programme Management, Project Management and Risk Management. The software was reviewed by the APM Group (APMG) in January 2006 and passed the assessment at the first attempt.

In addition to gaining accreditation for the OGC guidelines, the APM Group assessor confirmed that IRIS is fully compliant with the PRINCE2 Methodology.

APMG specialises in the accreditation and certification of organisations, processes and people, within a range of industries and management disciplines. Through the design and implementation of tailored accreditation solutions APMG is focused on helping organisations achieve their corporate goals, and enabling individuals to develop to their full professional potential.

Persides

Persides

Persides has joined the Istria alliance network to provide risk management services to the Aerospace and Defence Industry.

Persides' management team experience extends to over 80 years in the defence and defence-related market place and covers a wide variety of programmes and clients including the Ministry of Defence, Thales, Raytheon and Rolls Royce. The common theme throughout is the design, development, integration and support of complex hi-technology systems against fixed price contracts and demanding timescales.

4D Inc.

4D Logo

In its 21st year of innovation, 4D, Inc. is a worldwide leader in software solutions that simplify the development and deployment database applications. This technology is called relational database management systems (RDBMS). 4D’s software tools allow programmers for small, medium and Fortune 500 companies to build better database and Web applications more quickly, more accurately, more securely and with greater ease than with any other product on the market.

Read more: Find out about the Industry Sectors that Istria provide services to»