How we help
In an ever-changing commercial environment, organizations face an increasing number of uncertainties and challenges to decision making processes. These can significantly challenge even the well managed organizations, jeopardizing their ability to achieve set objectives through losses or lost opportunities. Because of this, organizations are now giving much greater priority to identifying key risks and managing these risks on an on-going basis.
We provide specialist enterprise risk management (ERM) consulting and advisory services that identify risks proactively.
Framework
The establishment of a dynamic ERM framework that fits each business’ needs is critical for organizational sustainability and overall growth. We assess the operating environment and design a framework that integrates with existing business and management processes.
As part of our framework, the organization’s risk appetite and maturity will be determined and supported by clearly defined risk management policies and procedures that will safeguard service quality, finances, resources and reputation.
Awareness
For an ERM framework to be robustly successful, organizations must embed their risk management philosophy throughout all levels of the business. Board members, senior management and staff must all understand, and ‘buy into’, an organization’s specific risk management approach. As risk management responsibility starts to be devolved and managed throughout the organization, it is also important that all those involved in the process are fully trained, and aware of their part in the ERM framework. We can identify mentoring, coaching and training needs that will suit the specific requirements of an organization.
Risk identification and evaluation
Organizations are increasingly being expected to demonstrate that they have effectively identified, assessed and evaluated the risks they are exposed to, and have put in place appropriate mitigation measures to try to prevent the ‘worst case’ scenarios becoming a reality. We can provide tailored expert advice to help organizations identify and mitigate these risks, including formulation of enterprise-wide risk management policies.
