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Strategic Risk Management
Your anxiety You recognise that if certain external events occurred they could seriously and adversely impact your business – but what do you do about them? Equally you may recognise that key business opportunities could confer significant advantage upon you, if only you identified what they might be in advance. Senior management is regularly bombarded with escalated risks and opportunities from programmes and projects but often cannot see the wood for the trees. Do you handle these from within the programme or project or deal with them in some other way? How we can help you We recognise the strong linkages between risk and opportunity and consider your appetite for each. We work with your senior managers to identify the strategic risks and opportunities impacting on your business, be they political or regulatory, economic or financial, social or environmental, competitive or industry-related. We then analyse and prioritise these taking a holistic view to determine actions to avoid, mitigate or capitalise upon them, as appropriate. This may manifest itself in the identification of new projects whose primary objective is to mitigate a particular risk or seize an opportunity, or it may be that the necessary interventions are already incorporated into existing programmes or projects. We often create a small team, staffed from your organisation, to monitor and control strategic risks and opportunities, and to recommend action on an ongoing basis. This team can also consider escalated programme and project issues, thereby joining up this dimension of programme activity with business as usual. How we would work with you
We typically work in small, joint clientconsultant teams to create a robust approach to strategic risk management in your organisation. We also work closely Tools & training we can provide We have a number of simple and easy to use tools for the capture and analysis of strategic risks. Additionally, skills transfer is a standard part of our approach and this will grow your capability in this important area. Moreover, we believe in the importance of raising appropriate levels of awareness of strategic risks within a business – we therefore promote awareness training across the organisation. How this could deliver value for you Our approach to strategic risk and opportunity management embeds clear risk-orientated thinking throughout your organisation and the implementation of a central risk management group enables continuous control. You and your senior management team will gain the confidence that strategic risks to the business are being systematically identified and addressed and that opportunities are being taken in a considered way. At the same time skills transfer to your staff will reduce your need for our services and enable you to become more self-sufficient in the management of your strategic risks. Click here to download PDF
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