Business Objectives Risk Management
Achieve business objectives through effective managment of risks
Value Proposition
- Increase likelihood of achieving business strategy and objectives by incorporating risk in the strategy definition and execution process
- Improve the quality of business decisions by identifying, analysing and evaluating risks
- Rapidly identify and escalate key opportunities and threats to board and senior management
- Actively monitor the key performance indicators (KPIs) to evaluate progress towards achieving the business strategy
- Enhance the level of strategic and operational resilience
- Pro-actively respond to unexpected events within the business environment to ensure adequate responses to changing risk exposures
Key solution features
- Define business strategy and cascade it into business objectives
- Manage objectives through monitoring of operational components such as processes, assets, products, third-partues and stakeholders
- Align objectives to risk components such as risks, risk appetite, controls and insurance policies
- In-built decision-making process to facilitate risk-informed business decisions by understanding the impact of decisions on the risk profile
- Prioritise risks through multiple methods to facilitate escalation of key risks to the board and senior management
- Out-of-the-box library of methods to facilitate assessment of risks for different business situations (e.g. complex business decision, strategic projects)
- Manage and monitor strategy execution through monitoring key performance indicators (KPIs) and key risk indicators (KRIs)
- Identify issues and weaknesses in the business environment and implement remediation actions to address these
- Pro-actively monitor emerging threats, trends and best practices within the internal and external business environment
- Facilitate the definition of extreme but plausible business and risk scenarios to assess key risk exposures and impacts to the business strategy
