Integrated Risk Management

Overview

We facilitate corporate risk consciousness and integration in all business activities from strategy, operations and projects.

  • Strategic risk assessment and integration
  • Operational risk assessment and integration including
    • Compliance
    • Business Continuity Management
    • Occupational Health & Safety
  • Project Risk Management
    • Programme and Project Risk Management support
    • Training, consulting and resource allocation

Integrated risk management

The rise in digital processes, the era of globalization and the trend toward third-party reliance are forcing organizations to evolve from a siloed risk management approach to IRM, requiring additional technology to support these complex processes.

What is Integrated Risk Management?

Gartner defines integrated risk management (IRM) is “a set of practices and processes supported by a risk-aware culture and enabling technologies that improve decision making and performance through an integrated view of how well an organization manages its unique sets of risks.”

  • Bridging the strategy/tactics gap to ensure that project delivery is tied to organisational needs and vision.
  • Focusing projects on the benefits they exist to support, rather than simply on producing a set of deliverables.

Related Articles

Strategy, Tactics and Risk

Current Risk Management Scope

Including Opportunities

So what exactly is Integrated Risk Management today?

Organisations must apply this “integrated” view across a variety of risk management activities that take on distinct perspectives of risk. By integrating these siloed risk constructs under one centralized risk management framework, an organization can view and analyze every risk metric simultaneously.

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