Pelican | Quantitative Integrated Risk Management Software
Integrated Risk Management

Why your Risk Management System should be Quantitative

Traditional risk management takes a siloed approach allowing each department or business unit to manage its own risks and measure them in different ways. Some may use probability distributions, most will use risk matrices – often of different dimensions and scales making them incompatible.

The result is that executives commonly worry that they have a very poor overview of the risks facing the organisation that they are charged with running, greatly limiting their decision-making abilities. Enterprise risk management standards like COSO and ISO31000 emphasise that a risk management system should:

  • Be structured and comprehensive
  • Use the best available information
  • Seek continual improvement
  • Focus on decision-making
  • Improve operational effectiveness and efficiency
  • Be integrated across different functional roles
  • Create value for the organisation
  • Improve organizational resilience

Each one of these goals can only be achieved if one has a consistent, quantitative evaluation system for risk across the different roles and responsibilities within the organisation. A quantitative risk management system allows one to sum and compare risks:

  • Sum risks to get an aggregate view by entity, region, product, etc.
  • Compare aggregated risks to see where risk is concentrated
  • Compare the risks of different decision options
  • Balance risk against reward
  • Compare the cost of risk treatments against the added protection they provide
  • Track changes in risk exposure and efficiencies

Pelican IRM is a fully quantitative integrated risk management system providing all these benefits with built-in modules to minimise the need for any knowledge of probability and mathematics.

Trusted by

Pelican Integrated Risk Management system client Orsted company
Pelican Integrated Risk Management system client Merck company
Pelican Integrated Risk Management system client Access company
Pelican Integrated Risk Management system client Edison company
Pelican Integrated Risk Management system client Verizon company
Pelican Integrated Risk Management system client AirLiquide company
Pelican Integrated Risk Management system client UOB company
Pelican Integrated Risk Management system client Fidelity company
Pelican Integrated Risk Management system client De-Gray-Mining company
Pelican Integrated Risk Management system client Ericsson company
Pelican Integrated Risk Management system client The World Bank company
Pelican Integrated Risk Management system client Virgin company

Pelican IRM Use Cases

Chief Executive Officer

Pelican IRM use cases character Gillian picture


Gillian uses Pelican dashboards to verify that the business focuses on the risks that most threaten the corporate objectives

Chief Financial Officer

Pelican IRM use cases character Tom picture


Tom uses Pelican to keep the financial exposure within tolerance and retaining sufficient capital reserves

Chief Operations Officer

Pelican IRM use cases character Tina picture


Dashboards show Tina if the business will stay within targets for performance metric like production, availability and emissions

Chief Information Security Officer

Pelican IRM use cases character David picture


David uses a FAIR-style analysis in Pelican to ensure that resources are used most effectively for managing cyber risk

Chief Investment Officer

Pelican IRM use cases character Dan picture


Dan finds investment opportunities that collectively optimize the profitability within agreed risk tolerance limits

Chief Audit Officer

Pelican IRM use cases character Jane picture


Jane needs her audit team to check on the risk reduction measures the company most depends on for its success

Chief Risk Officer

Pelican IRM use cases character Matt picture


Pelican helps Matt maintain a consistent approach to risk evaluation and reporting throughout the business

Human Resources Director

Pelican IRM use cases character Mary picture


Mary uses Pelican to ensure the business maintains its excellent safety record by avoiding dangerous activities

Project Portfolio Director

Pelican IRM use cases character Victor picture


Pelican helps Victor ensure that project critical to the business are delivered on time and within budget

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Pelican IRM features overview

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How much does the Pelican IRM system cost?

The following prices are indicative, based on the number of Pelican users we typically see for different company sizes. Organisations with a larger than usual fraction of employees involved in manual labour, lower regulatory restrictions or operating in a low risk environment will have fewer Pelican users relative to its size, and vice versa. The actual cost will depend on the number of registered users, technical aspects associated with installation, and any customized configurations. Training and consulting are available and priced separately. Please contact us for a precise quote.

Number of employees One-off installation and configuration Annual license fee Time to go live (weeks)
< 5000 10k - 20k 30k - 80k 3-5
5,000 – 20,000 15k - 30k 60k - 180k 4-8
20,000-100,000 20k - 40k 90k - 240k 6-12
100,000+ 30k - 50k 120k - 360k 9-15

The Pelican IRM system requires that the Pelican Risk Register is already installed. Indicative prices for the Pelican Risk Register are provided here.

Get a better idea of how much Pelican IRM would cost you

The Pelican Advantage

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Focus on what matters most

Pelican allows a business to focus on the risks that are truly important, and to assign responsibility of specific risk management activities to individuals.

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Collaboration in managing risks

Pelican provides the facilities to ensure that anyone in the company can contribute to risk management, being able to demonstrate the level of risk the business faces.

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Consistency of risk estimations

The Pelican integrated risk management software ensures that risks are evaluated in a consistent framework, yet still retains the ability to review risks within the scale of each business unit or project.

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Auditable risk management history

Pelican stores all information, current and past, providing an audit trail of the risk and risk evaluation management processes.

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Complete understanding of risks

Each manager, from the CEO right down through the management structure of the enterprise, fully understands the risks (and opportunities) that can impact the part of the business for which they are responsible.

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Consistent evaluation of risks

The evaluation of these risks is based on a methodology that is consistent throughout the enterprise and allows the portfolio of risks to be aggregated up through the entity structure of the enterprise.

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Coordinated management of risks

The control and mitigation strategies for these risks are coordinated across the enterprise and seek to protect and enhance the value of the enterprise, not just one element of the business..

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Shared responsibility for risk

The responsibility for executing the risk management plan is shared appropriately amongst the employees of the enterprise. In essence, employees work as a team. Risk (and opportunity) identification, assessment, management and communication is a shared responsibility and an integral part of the enterprise’s culture.