Every decision you make for your organization has both upside and downside potential. The uncertainty that accompanies a decision can be managed – reducing the chances for large or unforeseen losses. The beliefs that risk is too difficult to measure and describe in numbers, that you always need extensive datasets to do so, or that expert experiences alone can estimate potential outcomes, are false.
CTR Consulting offers pre-defined discovery packages that will illuminate the current flaws in the management of the uncertainties that accompany your decisions.
Governance
Why?
- Stop flying blind and do away with placebo activities. Instead, focus on proactive problem identification & informed decision making
- Improved reporting and stakeholder value
- Regulatory compliance
- Provides action points for implementation plan
What to expect
- RM Governance discovery for your organization’s risk or compliance department, analyzing the following:
- risk identification,
- likelihood & impact measurement
- objective & risk tolerance setting
- risk event profile calculation
- decision process
- continuous results measurement & improvement process
Deliverables
- Actionable document scrutinizing current RM processes, providing items that require improvement, and how those improvements could be implemented
- On-demand add-on: drafted policy and procedure documents tailored to your organization
- On-demand add-on: risk reporting process and outputs analysis and, if required, risk reporting workshop for the team
High-level Risk Profile
Why?
- Insight in potential over- and underspending (e.g. on security or insurance premiums)
- Guiding financial budgeting and strategic decisions
- Serves as the basis for a well-founded action plan
- Provides a stable jumping-off point for deeper analysis and more targeted action
What to expect
- High-level risk identification and analysis in the following risk areas:
- Operational
- Financial
- Legal
- Compliance
- IT Security & Data Processing
Deliverables
- High-level overview of most impactful risk events and their potential bottom line impacts
- Easily reportable snapshot of risk profile (Loss Exceedance Curve or LEC)
Objectives & Performance Metrics
Why?
- Have realistic expectations for key metrics
- Know which metrics are most impactful to meeting your objectives
- Optimize resource allocation
What to expect
- Scrutinity and sanity-checking of objectives, targets, KPIs and internally tracked metrics, be it operational or financial.
Deliverables
- Side-by-side comparison of the most relevant metrics and variables, laying out their realistic values next to the required value for a given objective, target or KPI to be met.
Get in touch to learn more about how each of these discoveries would improve your organization’s decision-making and could pave the way for a long-lasting partnership.