Enterprise Risk Assessments
Business strategists. Trusted advisors.
Organizations continually employ a series of interrelated activities to achieve their objectives. Numerous internal and external events pose risks to an organization, both negatively and positively. Senior leadership and executive management is responsible for identifying these risks, assessing the likelihood and magnitude of impact, determining a risk response strategy, and progress monitoring. Instituting Enterprise Risk Management (ERM) within your organization has many benefits including:• Defining risk tolerances;
• Providing guidance on how to respond to threats and opportunities;
• Providing guidance mitigating risk;
• Enabling you to achieve objectives; and
• Facilitating value creation for your stakeholders.
Has your organization instituted ERM? MJLM can assist by facilitating ERM workshops, evaluating risk assessment methodology and assumptions, identifying improvements, and monitoring your ERM plan.