Businesses all over have priorities based on their own position compared with the market as well as the market itself. Attention is normally focussed onto the areas that the company perceives to have a higher business risk.
However, this is not so well structured and very often, business risks are not properly visualised or understood, especially as there is a lack of formality in understanding them. There is also a danger of not realising which are the greatest risks and which of them must be focussed upon by the organisation.
In order to improve business decision making, Risk Management today is rapidly gaining acceptance and is helping organisations manage their businesses better, which in today’s hypercompetitive environment is an imperative.
The Risk Assessment Workshop
A workshop format enables participants to both contribute and learn in a natural environment. The result is not only a ranked list of key risks, but a fascinating discussion about the control environment, risk appetite, and individual risk tolerances. As stakeholders walk away from the session their understanding of business operations, objectives and challenges has expanded and they are equipped with the knowledge and the detailed analysis to make improved business decisions.