Enterprise Risk Management
Risk comes from not knowing what you are doing.
Delta Partners defines Enterprise Risk Management (ERM) as:
- A risk-based approach to managing an enterprise or organization.
- An integration of strategic planning, process management, and internal control.
- A strategy for managed risk response.
- A prerequisite for effective preventative actions.
- A systematic process for risk identification, prioritization and mitigation.
Do you know where the ticking time bombs are that could impact your organization?
By having a systematic approach to analyzing risk, you can:
- Prioritize the threats that will have the greatest impact on your organization.
- Predefine reaction strategies.
- Track issues over time.
Have you planned for reduced staff, decreased budget, and operational upheaval?
The structured analysis of future states can allow you to:
- Anticipate the impact on your stakeholders.
- Forecast issues that will impact the effectiveness of the strategic planning process.
- Appropriately assign resources to minimize organizational disruption.
ERM Training & Facilitation
Our training employs a variety of tools and client-specific case studies to ensure that your team actually acquires the skills that they need to implement ERM.
Our facilitation ensures that the application of ERM has a measureable impact on the bottom line.
To review our course outline click here.
For more information on course structure and pricing, click here.
Enterprise Risk Management Framework
Organizations manage risks every day - risk management should not be a once a month or once a year activity. An integrated approach to risk management builds on existing practices and provides you with tools to enhance planning and decision-making processes.
Your ERM Framework will ensure that:
- The corporate context, criteria and practices for managing key risks are defined.
- All risk management decisions comply with legal requirments and ethical policy, and that all activities are conducted with the view of maintaining your organization's reputation.
- All risks undertaken are related to the achievement of strategic outcomes.
- Risk management processes are documented and fully integrated with major strategic and operational processes.
- Risk management roles, responsibilities and authorities are assigned.
- Risk identification and assessment is conducted on a continuing basis and is integrated with existing long-term strategic business planning, as well as day-to-day operational decision-making.
- A risk escalation approach is used to ensure that timely decisions related to risk response are made at an appropriate level of the organization.
- The interests and perceptions of clients, the public, and other stakeholders are fundamental considerations in risk management.
- Risk management results are measured and monitored.
- Risk management experience and best practices are shared across the organization.
If you would like to learn more about how we can help you implement Enterprise Risk Management click here.
For information on Integrated Risk Management in the Public Sector click here.