Enterprise Risk Management

Risk management is a process aimed at achieving an optimal balance between realizing opportunities for gain and minimizing vulnerability and loss, this is normally accomplished by ensuring that the impact of threats exploiting vulnerabilities is within acceptable limits and acceptable cost. 

 

Risk is inherent in all activities we undertake typically higher level of risk will be taken to achieve higher returns, each Organization needs to decide what level of risk is appropriate in order to achieve the financial and organization results it wants to accomplish. 

 

The foundation for any effective risk management is a comprehensive risk assessment based on solid understanding of the Organization risk universe, threat vulnerability, risk exposures and potential consequences of compromise.

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Effective risk management serves to reduce the Incidence of significant adverse impacts on an organization by addressing threats, mitigating exposures, reducing vulnerability and impact to a level where risk management provides a level of predictability. 

 

The ultimate aim of risk management is achieving an acceptable level of risk across the enterprise resulting in an acceptable level of disruption to the organization activity.

 

We help Organization in Implementing Risk management program to identify the desired outcomes and objectives, understanding the context and scope of risk management, integrate with the risk management activities in the Organization various departments and then determining the risk appetite and tolerance considered acceptable to the management.  The risk management process flow would include a series of processes that takes into account the end-to-end requirements of identifying, analyzing, evaluating and maintaining risk at an acceptable level.