OMV Group selects Active Risk Manager for integrated Audit Assurance

International Oil & Gas company extends its use of Active Risk Manager to combine Audit Assurance with Enterprise Risk Management
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Risk Management
OMV Group
Oil And Gas
Sword Active Risk
Audit Assurance


April 1, 2014 - PRLog -- Maidenhead, UK. 1 April 2014 – Sword Active Risk, a supplier of specialist risk management software and services, has been selected by international oil and gas company OMV Group to supply an integrated audit assurance solution. An existing user of Active Risk Manager (ARM) for enterprise risk management, the new solution, ARM 7 which was officially launched on 31 March, will replace the company’s current audit solution.  ARM 7 will be used for audit assurance globally from three hubs in Vienna, Austria; Bucharest, Romania; and Istanbul, Turkey.  ARM 7 was selected for its automation of audit recommendations and its full integration with enterprise risk management which will provide the organization with ‘one source of the truth’ for all audit and risk information.

SVP Ernst PETRI, CAE at OMV stated; “Sword Active Risk’s commitment to the oil and gas sector means that they are in a good position to develop this combined solution.  ARM 7 will help us to streamline the management of our audit recommendations and enable us to combine risk information to support management decisions.”

Nick Scully, COO of Sword Active Risk commented; “We are delighted to be working with OMV to supply a solution for their audit requirements. For organizations looking to bring their audit and risk operations together, Sword Active Risk now has the ideal solution. Furthermore, this latest agreement within the oil and gas sector reinforces the fact that Sword Active Risk is fast becoming a market leader in this industry.”

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About OMV

With Group sales of EUR 42.42 bn and a workforce of around 27,000 employees in 2013, OMV Aktiengesellschaft is Austria’s largest listed industrial company. The Exploration and Production business segment has a strong base in Romania and Austria and a growing international portfolio. 2013 daily production stood at approx. 288,000 boe/d.

In Gas and Power, OMV sold approximately 425 TWh of gas in 2013. OMV operates a gas pipeline network in Austria and gas storage facilities in Austria and Germany with a capacity of 2.6 bcm.

In Refining and Marketing OMV has an annual refining capacity of 17.4 mn tonnes and as of the end of 2013 approximately 4,200 filling stations in 11 countries including Turkey.

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About Sword Active Risk
Sword Active Risk makes risk management simple, valuable and personal. Sword Active Risk provides the world’s first risk management software that drives business performance by enhancing visibility, accountability and confidence at project, program and enterprise levels. Active Risk Manager (ARM) is the first solution available which integrates Risk Management, Cost Management and Schedule Management to show the real impact of risk, to enable better-informed decisions, and the ability to leverage risk to create competitive advantage.

Sword Active Risk is the project risk software provider of choice for the world’s leading Energy, Infrastructure and Defense projects, working with organizations like the US Air Force, Bechtel, Crossrail, US Federal Aviation Administration, Lockheed Martin, Rio Tinto and Skanska to manage project risk worldwide.

Sword Active Risk has offices in the UK, USA and Australia, servicing customers worldwide directly and through a growing network of partners.

In September 2013 Active Risk was acquired by Sword Group. For more information please

For further information and a detailed view of Sword Active Risk and ARM please visit:

Editors Contacts

Keith Ricketts

Marketing Director

Sword Active Risk

+44 (0) 1628 582500

Andreina West/Mary Phillips

PR Artistry

+44 (0) 1491 639500
Source:PR Artistry
Tags:Risk Management, OMV Group, Oil And Gas, Sword Active Risk, Audit Assurance
Industry:Energy, Software
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