Risk Management

Risk taking can be very beneficial and profitable but risks that are not managed can have serious detrimental impacts on cash-flow, share price, profitability, reputation and ultimately the viability and survival of your business.

Risk management in the enterprise provides a framework for managers to effectively deal with uncertainty, risk and opportunity and thereby enhance capacity to build value.

Important questions

• Have you explicitly identified your top revenue drivers - how you create value?
• Have you explicitly identified the top hazards associated with each revenue driver?
• Have you taken appropriate steps to address top hazards?
• Have you considered business continuity planning and risk transfer options?
• Have you communicated your risk management approach both internally and externally?
• Effective risk management actions are crucial for the security of your business operations as well as measuring value and influencing financial performance.
  [from Protecting Value Study 2004]

We can help

• Prepare a risk framework of key risks.
• Prepare Risk Assessment Scales aligned with your risk tolerance.
• Develop meaningful risk profiles through facilitated workshops.
• Develop risk treatment strategies.
• Provide quality assurance on risk management actions.
• Develop risk monitoring and reporting.

Our approach is consistent with the processes outlined in the AS/NZS 4360:2004 Risk Management Standard.