Service Type: Enterprise Transformation
Project: Enterprise Risk Management Assessment
Context:
Our client was unclear on performing an Enterprise Risk Assessment and needed project team specialists to undertake the task. Areas of needed support included individual assessment of the power transacting line of business, transmission line of business as well as broad based management training on risk management framework, concepts, and definitions.
Approach & Results:
Approach: We designed a custom implementation plan. Our recommendations outlined a plan to build a sustainable ERM function consistent with the agency’s mission and objectives. Suggestions included alternative risk management programs consistent with the proposed ERM framework and function. A customized risk management curriculum was prepared for the agency’s management team to effectuate solid risk knowledge transfer.
Results: A sustainable ERM program and process, aligning the agency’s strategic goals and objectives across the organization. The Executive Team and business line management communicated more effectively after training was delivered.
