TechLeaders risk management consulting services assist clients with implementing a practical approach to Enterprise Risk Management (ERM) that is integrated with existing management strategy, objectives, and processes — with the goal of providing an enterprise-wide view of risk, improving information for decision-making, and reducing the risk of costly surprises.
New Programmes or Improvement to Existing Programmes
Our ERM consulting services are flexible and are suited to either ERM establishment or improvement initiatives.
Alignment with TeachLeaders ERM and ISO 31000
Our consultants will assist to align your ERM programme with the COSO ERM framework and the ISO 31000 risk management standard’s ERM best practice guidelines.
Tailored to Your Needs
The scope and structure of an ERM programme can vary, and our effort expended will be tailored to the needs of your organisation. Our consultants will assist you to customise your risk management framework to include the components that provide the foundations and organisational arrangements for designing, implementing, monitoring, reviewing and continually improving risk management throughout the organisation.
ERM Programme Establishment – Elements
Depending on your specific requirement and the Scope of Work, the following elements may be addressed as part of the ERM project:
- Identifying executive sponsors for ERM
- Designing and documenting the risk management principles and risk management policy
- Developing an ERM framework and methodology that enables secure participation of all stakeholders
- Establishing a common risk language or glossary
- Describing the entity’s risk appetite (i.e., risks it will and will not take)
- Identifying and describing the risks in a “risk inventory”
- Implementing a risk-ranking methodology to prioritize risks within and across functions
- Establishing a risk committee and or Chief Risk Officer (CRO) to coordinate certain activities of the risk functions
- Establishing ownership for particular risks and responses
- Demonstrating the cost-benefit of the risk management effort
- Developing action plans to ensure the risks are appropriately managed
- Developing consolidated reporting for various stakeholders
- Monitoring the results of actions taken to mitigate risk
- Ensuring efficient risk coverage by internal auditors, consulting teams, and other evaluating entities
TechLeaders Risk Management consulting services will assist you to leverage Risk Management best practices to expedite the establishment or enhancement of your your Risk Management programme with experienced consultants.
We assist organisations to adopt and implement a Risk Management Framework, as part of it’s requirements to comply with its Corporate Governance obligations. This requires a Risk Management Framework and Policy to be developed and adopted by management, as part of Risk Management programme.