- Who we are
- Business Risk
- Property Risk
- Health & Safety
- Insights
- Contact us
Establishing a risk framework is a critical piece of work for any organisation, as it guides how risk will be approached and managed. It is a series of documents such as risk policy, assessment and management procedures and processes that guide how risk will be managed. Learn more about the key stages in the development of the risk framework.
A risk strategy sets out what you want to achieve as outcomes for the management of risks and how you intend to achieve it. Your risk management strategy can cover all aspects of your business, from safety, financial, operational and reputational risk goals. The risk strategy should also include the way in which the organisation will consider risk and enjoy the same importance and frequency as other key organisational planning events. Connecting your risk strategy with your organisations vision and key objectives will help to align your efforts toward achieving outcomes.
Risk identification is a methodical approach to understanding the risks that might stop you from fully achieving your business objectives. The formal review of all risks, not just those that are immediately apparent, is a critical stage in the risk management process that is often overlooked. Riskcom can assist you to develop this capability in-house, or our experienced team can work with you to uncover all the risks that might impact your business and achieving your goals.
A risk register is a critical tool that captures information about risks and risk management and provides a dashboard view of the effectiveness of risk management for a particular topic. A risk register contains information about the risk, the causes of the risk, the controls in place to mitigate the risk, and the rating for that risk. Risk registers can also be developed to identify future mitigations and the progress to implement them.
Risk controls are the actions or activities that you are able to put in place to help reduce the likelihood or consequence of a risk occurring. Our expert consultants can help develop control frameworks that are tailored to your business and that can help to control your risk.
To be effective, a risk management framework and the output from a risk process needs to be well considered. It must be relevant and meaningful to the organisation, representative of the business and have the ownership of the executive, management and staff. Riskcom places great emphasis in working closely with our clients to help ensure this can be achieved.
Developing a business continuity plan can present a challenge to a business, as it requires specialist skills that may not be present or needed in the business on a day-to-day basis. At Riskcom, we have extensive experience in partnering with you to develop cost-effective business continuity plans that allow you to respond quickly, no matter what the cause of the business interruption is.
While well-documented risk policies and procedures are essential, it is not enough to ensure that organisations achieve the benefits from their risk management efforts. Based on our extensive experience and expertise in organisational culture, change and risk management Riskcom is able to provide a range of tailored risk culture and maturity review and development services to suit your needs.