February 28, 2013

Alexandria, VA—TransVoyant announced today that it has been awarded a continuation of its contract with the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC), under prime, Alion Science and Technology, for ongoing support and maintenance for the Risk Recon Risk Management Tool.

Initially developed by Program Executive Office Ground Combat Systems (PEO GCS) in partnership with TransVoyant, Risk Recon is a custom developed, government owned application used to enter and track risk associated with projects and programs.

It is currently in use across the TACOM LCMC, Army and Marine Corps programs. Designed to be used by all Program Management Offices, Integrated Project Teams and any other groups performing organizational risk management, the Risk Recon tool enables standardized capture of risk data in a collaborative environment with security features that maintain confidentiality of information, while ensuring that all program and project teams use a consistent Risk Management process.

Benefits of Risk Recon include:

  • No cost—it’s free for DOD and maintained on a secure DOD server
  • Easy to use—training of personnel takes approximately one hour
  • Easily accessible—can be used offline and online
  • Uniform data capture with unlimited data storage—captures data in a centrally accessible, secure location
  • Customizable, imbedded reporting with integrated workflow
  • Promotes communication and lessons learned

“While this tool satisfies the requirement to have an integrated risk management software process and database to capture, manage and report on risks, a gap still exists to track and monitor program issues and opportunities,” stated TransVoyant Program Manager, Robert Missig. “In partnership with Alion, TransVoyant developers are working on advancing this tool into a risk, issue and opportunity management resource through the integration of a Failure Mode and Effects Analysis database, project management schedule integration and Lessons Learned search and tracking components.”

In addition, TransVoyant is providing Systems Engineering software support and training for Project Recon and the Advanced Systems Engineering Capability (ASEC) suite of tools, including help desk support and mobile training. The ASEC is a collaborative suite of Systems Engineering tools whose basis is decision management, which allows a user to trace decisions to requirements, solutions and tests; perform design trade-off analysis; and manage requirements. The purpose of the ASEC is to make it easier for Systems Engineers to work in a single web-enabled collaborative framework where all program data is brought together in the context of a decision—enabling stakeholders to make decisions with confidence.

About TransVoyant
TransVoyant predicts the future. By continuously learning from the past and present, the company and its technology predicts future behaviors and events to improve outcomes for its customers. From satellites, radar, sensors, smartphones, social media and other devices that make up the Internet of Things, TransVoyant collects one of the world’s largest living repositories of real-time big data—over one trillion events per day. We then apply patented technology and proprietary algorithms to this massive big data to produce live and predictive insights that enable companies to transform business performance and governments to protect life and property. Our insights and predictions drive value in the areas of operational efficiency, risk management, consumer insights, resilience, asset optimization and security for national security and enterprise customers.

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