Enterprise Risk Management (ERM) System
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Key information
Overview
Transport for Wales (TfW) is undertaking preliminary market engagement in relation to the procurement of an Enterprise Risk Management (ERM) System. The solution will support a modern, integrated approach to identifying, recording, assessing and managing risks, opportunities, issues, controls and actions across strategic, operational, portfolio, programme and project levels. The system is expected to include capabilities such as configurable workflows, risk escalation, reporting and dashboards, Key Risk Indicators (KRIs) and analytics, Quantified Risk Analysis (QRA), AI-enabled insights and automation, alerts and notifications, document management, application programming interfaces (APIs), Microsoft 365 and other system integrations, robust security and hosting arrangements, and an intuitive user experience. This engagement will help TfW understand current market capabilities, emerging technologies, implementation approaches, support models, commercial arrangements and indicative implementation timescales. Engagement will be undertaken initially through a supplier questionnaire, with potential follow-up discussions with selected suppliers if required. Any such discussions will be at TfW's discretion and participation in this engagement does not imply selection for, or progression to, any subsequent stage of a procurement process.
Procurement Act 2023
The deadline for responses has been extended to 23rd October 2026, to allow additional time for market engagement, specifically to support and facilitate maximum participation from Small and Medium Enterprises (SMEs). This ensures a level playing field and allows the contracting us to capture a more diverse range of market insights before shaping the formal procurement requirements.
Please respond by completion of this questionnaire linked below. https://forms.cloud.microsoft/e/qTmHc5K5S6 Please copy and paste this URL to your browser if the link does not work. The deadline to submit your response is 23 October 2026. Thank you for your interest in working with Transport for Wales.