Smiths Aerospace Chooses WelcomRisk for Next Generation Commercial Aircraft Program
Leading Transatlantic Aerospace Equipment Company Aims to Improve Risk Management While Developing Internal Computing Systems for New Super-Efficient Airplane
HOUSTON, TX -- 03/23/2005 -- Welcom, a global leader in project portfolio management solutions, today announced that Smiths Aerospace has chosen WelcomRisk™, Welcom’s formalized risk management tool, to use on a major next-generation commercial aircraft program. Smiths Aerospace is a leading integrator and developer of airborne computing systems.
Smiths is using WelcomRisk to enhance their project management processes on this program and to assist in the evaluation of alternative paths in the development of cutting-edge aircraft technology. WelcomRisk is being used to identify risks and plan mitigation strategies, as well as to provide reports to upper management on risk exposure.
Smiths was chosen by a premier manufacturer of commercial jetliners to provide the computers, networks, and interfacing electronics for their next generation of airplanes.
“We continuously look for ways to add value and implement processes that are more lean within our programs. We realized that there was room for improvement and developed a solution,” says Kent Shepherd, project manager for the evaluation of WelcomRisk. “From what we have seen so far, WelcomRisk is meeting our requirements.”
WelcomRisk is a formalized risk management solution for the systematic identification, mitigation, and reporting of project risks.
“We have a formal risk management process and WelcomRisk supports that process,” says Ron Postema, Department Manager for Engineering Project Administration. “This was one of the key reasons for the selection. Another reason was WelcomRisk’s built-in integration with other Welcom products.”
Smiths Aerospace also uses Welcom’s other project management applications for scheduling (Open Plan®), cost management (Cobra®) and collaboration (WelcomHome™). WelcomRisk integrates tightly with all Welcom products as well as Microsoft Project® and Primavera® P3e®, allowing companies to link risks to entities within the underlying project structure.
“We are delighted that WelcomRisk has been chosen for this major aircraft program by one of the world’s leading aerospace equipment companies,” says Steve Cook, President and Co-founder of Welcom. “Smiths has a well-established risk management process, for which we can provide solid support and integration to the other Welcom tools already in use on the program.”
WelcomRisk is a formalized risk management tool for the proactive identification and mitigation of project risks and opportunities. WelcomRisk combines a user-friendly interface with a higher level of flexibility and granularity than other products. Its flexible integration capabilities and tight security provide companies with a better solution across the enterprise.
About Smiths Aerospace
Smiths Aerospace, a part of Smiths Group plc, is the leading transatlantic aerospace systems and equipment company, with more than 10,000 staff and nearly $2 billion revenues split between Europe and North America. The company holds key positions in the supply chains of all major military and civil aircraft and engine manufacturers and are world-leaders in digital, electrical and mechanical systems, engine components and customer services. More information at www.smiths-aerospace.com.
Welcom (www.welcom.com) leads in the invention, development, and implementation of the world’s most advanced project portfolio management solutions for the enterprise. Welcom translates global experience, industry knowledge, and innovative technology into software solutions that help people plan more effectively and better manage business-critical projects.
Established in 1983, Welcom has two decades of leadership and a worldwide customer base. Welcom is a privately held company that maintains its corporate headquarters in Houston, Texas, with offices in the United Kingdom. Its primary channels of distribution include a direct sales force and a network of resellers located around the world.
Welcom, Open Plan, and Cobra are registered trademarks of WST Corporation. WelcomHome, WelcomRisk and WelcomPortfolio are trademarks of WST Corporation. All rights reserved. All other product names are trademarks or registered trademarks of their respective manufacturers.
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