On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises.
Sep 15th, 2011
On time, on budget, in control, showing your leadership with sustainable capital expenditure, even during recessions and economic, financial crises. This is not just a motto! Riskope can indeed help you solve numerous issues related to that statement. For example:
- insurance denial situations,
- add value to you existing risk assessments,
- enhance risk registers,
- develop ERM in an ingenious way.
We could spell out as follows a subtitle. Let us take the best advantage of what you possibly have and deliver to you an incredible benefit. We will show how your “standard” risk approach, the one your peers and superiors already understand and “own”, can turn into a cutting edge competitive advantage. You will be able to free capitals for business and production development. You will have a more easily defensible, justifiable decision making process.
In other words, the mantra is: stop wasting moneys and efforts in security measures that do not pay off, over-investing in some mitigations and may be under invest in others, with, in both cases, potentially devastating unjustified consequences. Our metric is consistent, unambiguous, and provides context for better understanding risks for your organization.
Instead of splitting this post in sections, as we have done in several occasions for longer posts in the past, we have decided to publish it as a self standing paper or in PDF, as we would like our readers to get a feeling for the logical continuity, getting to the conclusions in one breath and easily download the paper for reference.
The post isn’t a thrilling Afghan terror or spy fiction story involving Bin Laden. However, when you will get to the end you will appreciate how you and your company could profit from these concepts. We hope you will be breathless and excited, as much as we are in our day to day consulting practice!
As you will see, we have used a real life case study, with names etc. changed to respect client’s confidentiality.
Benefits are key
Here you have a summary of the benefits yielded by the approach :
The prevalent critical risks show up in a clear, rational and defensible way
The number of critical issues turns out to be smaller than originally evaluated at Status Quo
The insurance portfolio rated as poorly balanced and we proposed reasonable adjustments
The new priority list let Management make better decisions in mitigative investments’ allotment. It freed moneys that found better allocated elsewhere
The methodology allow rational updating of the probabilities when new data are gathered.
Tagged with: alternative, assessment, holistic, management, operational, projects, risk, success, support, sustainability
Category: Mitigations, Risk analysis, Risk management, Tolerance/Acceptability