Strategic Risk Management services involve the identification and evaluation of the whole portfolio of strategic, commercial, and operational risks facing an organisation, and then the decisions on how best to manage or treat the individual risks, in accordance with the risk appetite of the organisation, and in order to build resilience to potential threats and disruptions

Strategic Risk Management provides one of the principal drivers of the total Business Continuity Management (BCM) process, as it defines the relative prioritiesfor development of risk treatment strategies and contingency plans for the business.

Our approach benefits clients by integrating and coordinating inputs from a range of specialist disciplines in functions such as customer service, public and media relations, operations, legal, insurance, communications, information technology, and personnel, to provide total client solutions.

The output from this stage is typically a plan or programme, broken into components, but integrated with the business plan, and prioritised and resourced accordingly. The risk management plans typically involve choices between risk treatment approaches.

Components of the approach, in compliance with AS 4360, include:

• Context determination - establishing the strategic and organisational framework within which risk is to be managed,
• Risk identification - comprehensively identifying the risks to manage, including market, operational, technical, and commercial risks
• Risk treatment - identifying and assessing options for treating risk, and putting these into action across the organisation, including minimisation, share, or transfer options.