Service Type: Enterprise Risk Management
Project: Enterprise Risk Management Program Design
Our client lacked an ERM program. Though familiar with ERM, they were short on the internal resources and experience needed to bring concept to reality. They needed grass-roots help designing, developing, and implementing an ERM custom-made for their organization.
Approach & Results:
Approach: We provided a team of ERM specialists to design an ERM program which included initial risk assessments across the company, with identification of key group risks. The team also developed a formal risk mitigation plan that was reviewed and approved by Executive Management and the Board.
Results: Prepared an ERM framework, policy, and manual for the Company. Identified risk appetite and quantified tolerances. Constructed a key-risk register based on multiple risk assessments conducted within the Company. Approved the risk mitigation plans for budget. Analyzed links between the client’s risks and their strategic objectives.