RISK PROFILING
Does your organisation exhibit any of the following?
There have been attempts to adopt risk management resulting in a mindset that ‘risk management is an overhead, doesn’t work, is too bureaucratic, boring or difficult’. You now struggle to involve and motivate stakeholders.
Risk management activities are carried out piecemeal, in ‘silos’ or ‘cylinders of excellence’, using a variety of approaches. You are concerned that the lack of integration leaves your organisation exposed and to an unknown extent.
There is an acceptance that an enterprise risk management framework will add value to your organisation, but you don’t know where to begin.
If you can identify any of these ‘symptoms’, you will benefit from discussing your Enterprise Risk Management (ERM) requirements with Riskwest. We will review your risk management programme and tailor a comprehensive enterprise risk management framework for you, taking into account unique organisational factors, including but not limited to:
• Governance and Management;
• Documentation and Data;
• Technology and Tools;
• Reporting and Communication;
• Competency and Capability; and
• Culture
We will work with you to identify interfaces and gaps. We will devise an implementation plan, broadening the scope of risk management to include every key business risk impacting your organisation. All aspects of behaviour and management of risk will be transparent – from strategic and business planning to operational and project activities.
Realisable benefits that you can expect ERM to deliver include:
• Integrated operations;
• Improved cross-organisational collaboration;
• Increased recognition and uptake of opportunities;
• Informed decision-making;
• Achievement of organisational objectives.