Enterprise Risk Management

This is a business strategy that aims to identify, assess and prepare for any potential risks that may interfere with an organization`s operations and objectives.

  • identification and prioritization of enterprise-wide risks
  • assessment of an organization's risk capabilities
  • development of the tools, processes, and organizational structures needed to build a robust and sustainable risk management program.
  1. Establish an enterprise risk methodology
  2. Conduct the risk assessment.
  3. Assign responsibilities.
  4. Define risk treatment plan.
  5. Decision making through risk reporting and risk monitoring
  1. Access to risk information across the organisation in real time
  2. Faster decision making
  3. Well managed threats and successful opportunities
  4. Improved confidence and trust across the stakeholder community
  5. Reduced cost, better use of resources and improved morale
  6. Stronger organisations resilient to change, ready to exploit new opportunities