Enterprise risk management
Enterprise risk management is the identification, assessment, and prioritisation of risks followed by coordinated and economical application of resources to minimise, monitor and control the probability and/or impact of events, or to maximise the realisation of opportunities.
We follow an integrated approach to assess and assist you with your risk management journey. Depending on your risk management maturity and the complexity of your organisation, we will craft a risk management solution that fits your organisation’s unique requirements.
Risk Professional solution
Our Risk Professional solution provides large organisations with detailed feedback around risk management maturity, risk equilibrium and includes facilitated risk workshops, reporting guidance and assurance of the complete risk management process. Strategically integrate effective governance and reporting based on the latest risk management standards.
Risk Practitioner solution
The Risk Practitioner solution includes a selection of advanced risk management services that can support the organisation and enhance specific components of the risk management process, this includes risk assessment workshops and/or assurance reviews of your (Enterprise) Risk Management.
Risk Novice solution
The Risk Novice solution is focussed on foundational risk management and provides a starting point for organisation that are at the beginning of the risk management journey.
Benefits include:
- Increased consistency and communication of risks within the organisation
- Enhanced reporting and analysis of corporate risks
- Creation of risk-based internal audit programme
- Reassuring stakeholders
- More efficient and effective activities related to regulatory, compliance and audit matters
- Improved focus on attention to and perspectives of risk data
- Assurance of the internal risk management process
The framework, processes, and principles around risk management are constantly evaluated to determine the optimal risk architecture for enterprise-wide risk management initiatives. This includes, but is not limited to, the risk management process defined by ISO 31000, and follows the global governance standards to ensure ongoing compliance with relevant codes and regulation for organisations across the world.
Complexity continues to increase and emanates primarily from constant changes around strategy, operations, technology and regulations. Managing risk emanating from a complex environment is a central part of the way organisations function. Getting it right is not easy or straightforward. Our team of experts has a passion for understanding your business to ensure that the best risk management solutions are identified and implemented.
