Enterprise Risk Management

 

Contact us today for your free trial of EPRisk:

 
By E-mail : info@ep-consult.co.uk 
 
By Phone : +44 (0) 20 7582 5555
 
 
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Enterprise risk management (ERM) in business includes the methods and processes used by organisations to manage risks and seize opportunities related to the achievement of their objectives.

 

Enterprise risk management needs to be conducted within the framework of a complete risk management system consisting of:

  • a policy statement approved by the board of directors
  • a risk management manual
  • a risk management tool

EPEn personnel have the qualifications and experience to assist your in all of the above areas of risk management.

Our purpose-built software, EPRisk covers the entire life of risks including:

  • Identify risk;

  • Assess the risk (using a three stage process);

  • Assign mitigation actions;

  • Monitor mitigation actions;

  • Identify recovery or contingency measures;

  • Re-assessment;

  • Close-out.

We have also developed a modified opportunity/risk matrix where risks are shown negatively below the X axis whilst opportunities are shown positively above the X axis.

 


 

EPEn personnel are multi-disciplinary and have very diverse backgrounds giving great depth and breadth to our risk assessment capability. In addition to facilitating risk management workshops, other specialist risk assessments include:

  • Cost Risk assessment;

  • Schedule Risk assessment;

  • Decision Risk Assessment using Event Tree Analysis.

Typical categories of risk that might impact an organisation include:

  • Strategic
  • Financial
  • Commercial
  • Operational
  • Organisational
  • Political
  • Legal
  • Technical

Assessment of risks needs to be undertaken bearing in mind the risk appetite of the organisation. Companies preferring to be seen as 'rock solid' may be very much risk averse whereas others are more prepared to take risks in order to maximise returns for the stakeholders.

EPEn’s experienced personnel will help your organisation to identify its top risks - and determine the overall risk exposure. Based on projections of scope for improvement and effectiveness of the mitigation actions, a forecast of the risk reduction profile can then be made.