You will hear risk management being used in many different areas – compliance, financial, operational, reputational and strategic, but, whatever its label, it is a simple concept. We are all natural risk managers, this is an inherent human mechanism and we carry out assessments every day of our lives. However, some people are more risk averse and others better at managing their risks. This can lead to what is said as some people having “more luck” than others.
We have all heard of risk versus reward; Risk Management is the process of how we determine the outcome of the risk versus reward case. Managed correctly this should lead to “more luck” or in commercial terms “increased profit”.
Think about major strategic issues that could affect your entire business, ask yourself:-
“When was the last time we thoroughly risk reviewed our systems and processes and used the information to increase profit?”
By applying simple cost effective procedures to your strategic plans and around your operational controls, we can assist you in managing the risks of your organisation whilst identifying opportunities. This will help increase the value of and secure your organisation.
At MWi Forensic Risk Consulting our consultants have experience holding senior managerial/board positions within corporate organisations, where their efforts have been focused on delivering Enterprise Risk Management as a commercial benefit helping to increase the value of organisations.
- Operational Risk Management
- Crisis Management
- Due Diligence
- Regulatory Compliance