Risk Evaluation & Planning
- Risk Profiling – we examine an organisation’s structure, management systems, culture, work practices and processes, and operational relationships to determine the risks of the organisation based on a broad range of established risk criteria.
- We utilise the international standard ISO 31000:2018 – Risk Management Guidelines to assist in defining an organisational risk profile.
- Comprehensive Risk Management Assessments – assessments are undertaken within each of the business units of the organisation in order to expand the comprehensive strategic risk management picture of the organisation obtained through the risk profile.
- Creating a Risk Register – the key element in defining an organisation’s strategic risks is to develop a comprehensive Risk Register taking into account the Risk Profile and business unit Assessments. These sources of information are the building blocks of the Risk Register, which becomes a comprehensive tool for effectively managing the organisation’s risk, as well as being utilised as an integral element of the operational and strategic reporting and planning for the organisation.
- Business Unit Compliance Feedback – report templates are developed and utilised for each business unit so that progression of risk management within each of the Business Units can be monitored and measured.
- Facilitating Risk Management Strategies – at an operational level, risk management strategies and action plans are set out in order to control the identified risks specific to the organisational requirements. Client input and ownership of the process is critical during this phase, as the system needs to be managed by the client once the consultant has phased out of the process. Ongoing assistance is provided even after the phase out process should the client require it.