We strategically assess, quantify, and plan to reduce organization-wide risk management. Many people say the buzz-word “Enterprise Risk Management” but do not do the leg-work for a comprehensive company-wide risk management approach to be effective.
The strategy can, at times, be sound, but the implementation and adjustment of the strategy is where most plans become obsolete over time.
At Fortify Risk, we help you develop a “living plan” for Enterprise Risk Management. In this plan, we will identify the top threats to your business, set up project leaders and partner with them as needed to implement on a schedule. We typically recommend a one-time fee for setup and an on-going engagement fee to keep the plan as up-to-date as possible.
Some of the general risk categories addressed in these plans include:
Executive & Investors
Operational
Catastrophic
Human Capital
Supply-Chain
Entrepreneurial
Governmental
Disaster Recovery
International
Credit
Vendors & Suppliers
Competitor
This process involves a complete review of your current programs and a S.W.O.T. (Strengths, Weaknesses, Opportunities, Threats) analysis, prior to any future work.
