Making the most informed and appropriate decisions during these challenging times – the need for a Covid-19 Risk Deep Dive.
The impacts of Covid-19 are clearly far reaching for many organisations. These times require difficult decisions and implementing various measures in an effort to maintain their existing level of production or service, or at least, continue to operate at reduced levels of service and production. As is widely reported many businesses unfortunately have had to close.
Organisations are responding the best way they can with huge amounts of thought and consideration and action. Are you confident that you’re making the most informed and appropriate decisions? Do you completely understand the range of impacts that Covid-19 is having on your business and have you comprehensively identified, and prioritised, the necessary actions to meet your short to long term business objectives? In addition, are you capturing the range of potential business improvement opportunities that may arise as a result of doing things differently during these extremely challenging times?
To respond positively to these questions Riskcom are strongly recommending that organisations complete a Covid-19 risk deep dive. That is, undertake a specific risk assessment on the impacts of Corona virus that will systemically identify the range of risks associated with the virus, assess how effective your current controls are in managing the risks, and will determine any additional actions necessary to further mitigate the risk(s). Only then can you be completely confident that your response to the impacts of Covid-19 are well considered and comprehensive, and contributing significantly to the achievement of your short to long term business goals.
Riskcom has extensive experience in working closely with organisations to undertake strategic, enterprise, operational and project risk assessments and have significant capability to assist you to embed any changes. Riskcom is able to work closely with you to facilitate the completion of a meaningful Covid-19 Risk Deep Dive.
A key mitigation response to effectively manage the risks associated with Covid -19 is the development and implementation of a business continuity plan. Business continuity provides the availability of processes and resources in order to continue delivery of products or services at acceptable predefined levels following a disruptive incident. This ensures the continued achievement of critical objectives to ultimately maintain the viability of an organisation. Find out more about our Business Continuity Planning here (https://riskcom.com.au/business-continuity/)
If you’d like to know more about how we can help you, contact us at info@riskcom.com.au
