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Enterprise Risk Management

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All organizations are affected by risks that can impact their financial performance, their operations, their reputation etc. However, in an evolving threat landscape due to major strides in technology development and globalization, it is essential for an organization to ensure it minimizes the number of ‘unknown’ risks it faces. This standard provides principles and guidelines for organizations to design implement and audit their Enterprise Risk Management.

At Sentinel Africa, we provide Training, Consulting and Implementation support; understanding the organization’s operations environment, mapping enterprise risk, facilitating Risk Assessment and Risk Treatment Workshops, enforcing controls, documentation, deployment of tools to guide the organization, internal audits and improving the risk culture.

An effective implementation of ISO 31000 yields the following advantages for the organization:

  • It creates and protects the value of the organization’s assets
  • Establish and(or) improve the Organization’s Risk Culture; how risks are identified and managed in line with the organization’s risk appetite
  • An established ERM supports Management Decision Making
  • It explicitly addresses uncertainty
  • It facilitates continual improvement of the organization.

 

 

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