Risk Management
Never be surprised
any business has its embedded risks. Why worry about hidden risks and their consequences? We will work with you to identify, mitigate and manage your risks to ensure you won’t be surprised of the unexpected.
here is how we can help:
Risk Identification: Identify potential sources of risk across the levels of your organizations (Strategic, operational, financial and environmental risks) and functions (Information Technology, Finance, Human Resources, Operations and others).
Risk Mitigation: Identify and evaluate risk mitigation options and their associated actions. Develop a mitigation plan that reduces your exposure and cost to risk in following sequence (Elimination, reduction, transfer and acceptance). Implement time-bound action plan to execute mitigation actions in an orderly fashion to ensure smooth flow of your strengthened processes.
Risk Registers: Keep your identified and mitigated risks well documented. Risk registers also provides you with easy to review and follow up visual presentation of your organization current efforts and progress in managing its risks. Introduce and lead the development of Risk Registers (Organizational and departmental) and how to complete, follow up and update a register.
Risk Management Framework: Risk Management Framework (RMF) is a powerful document that allows all members of your organization including stakeholders understand and appreciate your efforts in managing your organization’s risks. It provides overview of how the organization approach risk management process from A-Z including reference materials to support your risk management processes. Develop Risk Management Framework that is aligned with internationally accepted ISO 31000 standards.
Work breakdown structure (WBS): drill down into your process to sub processes using WBS to understand dependencies and interrelations among different processes across organization’s units. Associate time and cost to each component to understand your value production and associated risks. Develop a WBS definition manual to further documents your processes. WBS is key in any project success.
Positive Risks (opportunities): identify which risks may hold potential benefit for your organization and exploit them.