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City of Sydney selects Enterprise Risk Register

FOR IMMEDIATE RELEASE: Sydney, Australia, September 26, 2005.


The three biggest risks any organisation faces are poor risk management culture, poor delegation of risk management, and poor risk management tools.

Good risk management tools can’t do much about the culture of an organisation, but can provide enterprise-wide systems that support risks being managed where they are best able to be controlled. That is why Incom added the web-enabled Enterprise Risk register® to its range of risk registers. Enterprise Risk register®, developed in Australia, uses the same proven RiskEasy® approach to risk reduction, supporting AS/NZS 4360 and other international standards.

Enterprise Risk Register® is a web-enabled multi-user Microsoft .NET application using SQL Server relational database supporting hundreds of decision makers across the enterprise. It includes Microsoft Windows single sign-on authentication, role based security for risk management in context, Internationalisation, and translatability to any other natural language.

Incom recently won a contract to supply The Council of The City of Sydney with an enterprise risk management system across all council’s operations, from strategic risks right down to each business unit. The implementation will support 400 business users in eight divisions and be accessible using a Web browser. Incom is working with Sydney council to ensure the system supports the requirements of local government.

If a business does not have adequate risk management, it may incur loss of corporate reputation or loss of profits, personal injury or loss of life, and court orders, fines and jail terms. An Australian Electrical Safety Act states that if a breach of obligations caused death or grievous bodily harm the penalty may be $75,000 for an individual, $375,000 for a corporation or two years’ jail. States are progressively increasing the penalties for workplace negligence.

Incom risk registers are being used in health services, emergency services, police services, local government, federal government, engineering, aerospace, manufacturing, mining and exploration, construction, insurance, financial, major sporting clubs and events, fire protection, universities and by audit, OH&S, project and IT departments. Incom has nearly 100 installations world wide - Australia - USA - Canada - Germany - France - UK - Indonesia - South Africa - New Zealand - Malaysia - Kosovo - Croatia - etc.

Incom provides a free demonstration system via their web site at www.incom.com.au

For further details contact David Watson.
Web site www.incom.com.au