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managing risks is the name of the game
Enterprise Risk Management (ERM) is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives.
We help you identify those potential risks which include both strategic and operational risks, in a user-friendly Risk Register and prioritized using a Risk Matrix. Then we help you identify and design effective strategies to mitigate those risks. We also help you develop concrete action plans with accountability to reduce any residual risks to bring them within your entity’s risk appetite (Risk Response Plan). Finally, we help you in making risk-management an integral part of your business by helping you formulate the Risk Management Framework, Policies and Procedures. This enables you to manage your business risk in a pro-active manner and continue your business operations in a sustained manner. Some of the key benefits of implementing an effective ERM process in your organizations are:
We have helped companies in developing comprehensive ERM systems in the following industries: