Risk management

Risk management

Risk Management is relatively new discipline that is concerned with the formal procedure of identifying, quantifying, managing and limiting the effect of all risks associated with a particular process or project. Some of the benefits of taking a proactive approach to Risk Management are Improved Quality/efficiency, Protection of people and the environment, reduced losses/increased profits, protection of image/reputation. Which apply in your case will depend on your particular project but we are Risk Management specialists and will be able to identify what is possible .

Whether you are worried about the risks involved in the starting a completely new activity in a new field that is different from where you are currently operating, the takeover of a competitor or the adoption of a new sales channel model, we can manage the risk process for you and can identify exactly what pitfalls or benefits (= a negative risk) your new activity can bring.

There are various formal methods that have been developed and accepted internationally (such as ISO 31000 )but basically these all consist of identifying and assessing all possible risks, analysing them and evaluate their consequence, treating those risks that can be within the limits of the project and then monitoring and reviewing what happens over time. All of this needs to be documented and communicated to the teams involved, all part of our standard offering. Contact us now for more information on our Risk Management services.

Often where Risks are identified and changes need to be made to systems, processes or people. This is another new discipline that is referred to Management of Change (MOC) or Change Management. This is another area where we can help. Either as part of a Risk Management process or as part of our training activities where we can incorporate this into the packages we develop for you in order to achieve the desired improvements in the behaviour of your team.