A central concern for any governing body is the management of risks likely to occur that could prevent the organisation from achieving its principal objectives. Not all business risks are financial and can include physical, reputational, legal compliance and industrial.
Many organisations create risk management policies that are just enough to achieve legal compliance but are inadequate to actually assist the business in predicting and averting problem situations. Having effective procedures to identify possible or emerging risks and putting in place controls to prevent or minimise their damage makes a significant contribution to overall corporate success.
Implementing quality assurance and internal control measures to prevent fraud, corruption, wastage, or just plain costly inefficiency can be a valuable investment for large and small organisations alike.
Our approach to developing risk management is based on the fundamental principles of Australian Standard AS/NZ/ISO 31000 with appropriate tempering for relevant practical application to the scale and resourcing of the particular organisation.
Call in Reinforcements to help improve your risk management profile.
In particular we have helped numerous clients in the field of: