Risk Advisory & Support
Take Control of Your Risks - Schedule a Risk Assessment
Don't Gamble with Your Business - Master the Risk Management Game
Identify, Assess & Mitigate Risks for Long-Term Success
In its simplest form, risk can be defined as ‘the loss resulting from inadequate or failed internal processes, people and systems or from external events’. Risk management is therefore a priority for every organization. In broad terms risk management is the process of identifying, assessing and then taking appropriate steps to manage the key risks faced by an organization where it is practical and cost effective to do so. Thus, proportionate arrangements can (and indeed should) be put in place by all organizations to minimize the probability and impact of the risks they face or to deal with the consequences if an external risk cannot be fully controlled or eliminated.
The Risk Management Paradox - Protecting Against the Unpredictable
Risk management therefore presents numerous challenges as it reflects the inevitable fact that assets, processes and people can fail or can be damaged by external events. In turn this can lead to consequences that are both unplanned and unwanted.
Risk? We've Got You Covered - Automated Tools & Expert Training
Finskills Consulting offers a number of risk management solutions to help you manage risk as follows:
- Developing Financial Models and conducting Feasibility Studies
- Developing an inventory of applicable regulatory requirements and auditable entities
- Developing policies and strategies for managing risk
- Automated solutions to record evaluate and monitor risks and tracking how well risks are being managed and controlled
- Training for managers and non-executives to recognize and manage risks
- Seminars and workshops to facilitate the process of risk identification & evaluation
- Conducting interviews with key members of management and with process and control owners;
- Developing, deploying and assessing the results of management surveys