MITRE Licenses RiskNav®, a Decision Aid for Prioritizing, Displaying, and Tracking Program Risk

FOR IMMEDIATE RELEASE:

McLean, Virginia, April 1, 2008 — The MITRE Corporation's Technology Transfer Office has licensed its RiskNav® technology to Sycamore US, Inc., of Frederick, Maryland. RiskNav is a well-tested tool developed by MITRE to facilitate the risk process and help program managers manage their risk space. RiskNav lets users collect, analyze, prioritize, monitor, and visualize risk information in a collaborative fashion. It provides the ability to view the consequence, probability, and the status of managing each risk, in a single space.

RiskNav is a Web-based risk management software tool that supports the identification, prioritization, and management of project risks. RiskNav, originally produced for the U.S. government, was designed to capture, analyze, and display risks at a project level but has been successfully used to support larger programs. The MITRE Corporation has published numerous papers and briefings on the theory and concepts behind the tool. RiskNav is currently being used by a diverse group of government program managers and is recognized by the Air Force as a best practice for program and project management. The tool has been used successfully on Air Force programs at the Electronic Systems Center at Hanscom Air Force Base and other locations.

Sycamore will provide RiskNav support, upgrades, and services to Federal, State, and local government clients, as well as to the commercial sector. Sycamore provides practical solutions through a systems engineering approach. Sycamore provides expertise in requirements management, security management and technical risk management.

Sycamore Executive Vice President, Gordon Steever, said, "RiskNav provides an excellent foundation for improvements in risk management tools and technology. With Sycamore's ability to maintain and improve applications, RiskNav will continue to be a best value to government program executives and managers."

Sycamore.US, Inc., (www.sycamore.us) is an information technology company that specializes in software for Internet, client-server, and standalone environments. Sycamore provides software integration services to the government, aerospace, and financial markets and is located in Frederick, Maryland.

MITRE (www.mitre.org) is a not-for-profit company that provides systems engineering, research and development, and information technology support to the government. It operates federally funded research and development centers for the Department of Defense, the Federal Aviation Administration, and the Internal Revenue Service, with principal locations in Bedford, Massachusetts, and McLean, Virginia.

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