Assessment
Understanding Risks and Developing Capabilities
Successful risk management programs use standardized processes to ensure that risks are identified, prioritized, analyzed and reported. Whether for the enterprise, business unit or management function, our approach creates a thorough understanding of risk exposures to support development of improved management capabilities.
Our process:
- Engages management to understand current challenges, uncertainties and emerging issues
- Links organization objectives and strategies to enterprise risks
- Creates a custom enterprise risk inventory with an analysis of underlying drivers, potential consequences and how the risks are relevant to the organization
- Uses survey or workshops for management to prioritize risks
- Supports development of risk monitoring and reporting, deep-dive analysis and risk plans
Risk assessments should provide useful information and drive action.