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Enterprise
Risk Management (ERM)
ERM has gained significance attention
of the corporate world especially after the major corporate
scandals in US in the early 2000s. Even though ERM presence
can be traced back to much earlier, its importance and
contribution to the improved management of organisations
only gained attention recently.
At
Columbus Advisory, we assist organisations to embrace
a practical risk management framework and develop a
sustainable risk culture within the organisation. We
help clients on their ERM journey, not just with the
identification of risks but all the way through forming
a robust ERM framework encompassing risk education,
risk policy and procedures, risk action planning and
monitoring and continuous improvement in ERM.
Our ERM methodology
places significant focus on people as we strongly believe
that people are the most critical factor in any ERM
process. Many successfully implemented organisational
ERM frameworks have shown that commitment, knowledge
and skills of the ERM team members have contributed
substantially to the success of ERM framework implementation
and continuous operation in their respective organisation.
There is no amount of technology that can substitute
the ‘human touch’ to an effective ERM framework
in any organisation.
An effective
ERM process improves organisation’s understanding
of various potential challenges faced and therefore
allows organisation in taking-up more risks in the journey
of achieving their corporate objectives and targets.
Details of our methodology are provided below :
Our
services include:
- Risk Assessment and Action Planning
- Risk Monitoring Process
- ERM Maturity Assessment
- Risk Control Self- Assessment (RCSA)
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