Risk management is the process of identifying, assessing and controlling threats to an organisations' capital and earnings. Threats, or risks, could stem from financial uncertainty, legal liabilities, strategic errors, accidents and natural disasters.
Risks come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
Risk management is the identification, evaluation, and prioritisation of risks followed by coordinated and economical application of resources to minimise, monitor, and control the probability or impact of unfortunate events or to maximise the realisation of opportunities. In ideal risk management, a prioritisation process is followed whereby the risks with the greatest loss (or impact) and the greatest probability of occurring are given priority. Risks with lower probability of occurrence and lower loss are handled in descending order. In practice the process of assessing overall risk can be difficult, and balancing resources used to mitigate between risks with a high probability of occurrence but lower loss, versus a risk with high loss but lower probability of occurrence can often be mishandled.
Our risk management consultants assist our clients in navigating complex risks that unlock opportunities to reduce cost, create brand value and mitigate risk, ultimately building more resilient organisations that can maintain secure operations in high-risk, challenging geographical locations and environments.
A Health and Safety Management System ensures an organisation complies with the occupational Laws and Legislation. It provides guidelines for implementing programs that will reduce workplace hazards, protect lives and promote employee health and wellbeing.
Security Management is the identification of an organisation's assets (people, buildings, machines, systems and information assets), followed by the development and implementation of policies and procedures that detail effective control measures.
An Environmental Management System is a framework that assists an organisation in achieving its environmental goals through consistent review, evaluation, and improvement of its environmental performance while minimising the risk of non-compliance.
Risk Management is the identification, evaluation, and prioritisation of risks or vulnerabilities followed by coordinated and economical application of resources that minimise, monitor, and control the probability or impact of unfortunate events or to maximise the realisation of potential opportunities.
Crisis Management is the process of preparing for and managing any disruptive or unexpected emergency situation that affects an organisation, its stakeholder, employees, customers or revenue. The process is designed to prevent or lessen the damage that can be inflicted on the business.
Business Continuity & Resilience Management is the process of creating systems of prevention and recovery to deal with potential threats and vulnerabilities to an organisation. An organisation's resistance to failure is "the ability to withstand changes within any environment and continue to function".
Cyber security is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. It's also known as information technology security or electronic information security.
Compliance and conformance audits gauge effectiveness and identify weaknesses inline with International Standards or in preperation for Certification. Audits include Internal, Contractor / Supplier & Certification.
Risk assessment during the coronavirus (COVID-19) pandemic requires businesses to identify what work activities or situations might cause transmission of the virus. To find out how your business maybe impacted please get in touch.
We deliver bespoke front-end and back-end solutions for our customers and clients, whether a small company or a large multinational corporation, we design, develop and implement quality desktop applications, web applications, and applications for mobile devices that fit your needs and stand the test of time.
Compliance and risk are always a challenge. Ensuring a balance is maintained is more important and ever with overlapping regulatory regimes extending their reach across multiple sectors.