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Protiviti’s Enterprise Risk Management (ERM) professionals partner with management to ensure that risk is appropriately considered in the strategy-setting process and is integrated with performance management.
According to a 2008 study by CFO Research Services, 72% of senior finance executives are concerned with their risk management practices. Too often risk is an afterthought to strategy setting and risk management is an appendage to performance management. Recent events have reminded management and directors that a comprehensive view of their risks is no longer a luxury, but a requirement, so that they can provide the appropriate incentives and controls to counter the potential for individuals to discount risks that are significant to their organisations.
Our consultants assist companies with implementing a practical approach to ERM that is integrated with existing management processes, with the goal of providing an enterprise-wide view of risk, improving information for decision-making, reducing the risk of costly surprises and positioning risk management as a differentiating skill. We work with companies to design, implement and maintain effective capabilities to manage their most critical risks and address cultural and other organisational issues that can compromise those capabilities. We help them evaluate technology solutions for reliable monitoring and reporting, and implement new processes successfully over time.
Our services include:
- Enterprise risk assessment – Here we help you identify the risks that really matter to the execution of your strategy
- Performance and risk integrated management – Here we help you integrate risk with strategy setting and risk management with performance management
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