Risk Management: Design
Robust risk management frameworks for public sector, large organisations and global businesses.
"Risk Management: Design" is an advisory and delivery service providing comprehensive support to public sector, large organisations, and global businesses. This first-of-five series focuses on developing a solid risk programme, enhancing stakeholder awareness, establishing benefits management processes, and shaping communication strategies.
Key Features
- Expertly-crafted Business Case Development.
- Enlightened Senior Stakeholder Guidance.
- Strategic Policy Formulation.
- Appetite Exploration for Risk-taking.
- Benefits Identification and Management.
- Comprehensive Risk Management Framework.
- Communications Strategy Design.
- Customised Plan Development.
- Targeted Public Sector Assistance.
- Specialised Support for Large Global Businesses.
Key Benefits
- Enhances strategic decision-making via business case development.
- Guides senior stakeholders through risk landscape.
- Shapes robust policies for risk mitigation.
- Evaluates organisational risk appetite for growth.
- Streamlines benefits realization through effective management.
- Establishes a solid framework for risk management.
- Creates efficient communication strategies for risk awareness.
- Designs bespoke plans tailored to your needs.
- Delivers expert assistance for the public sector.
- Provides specialised support for large, global businesses.
Description
"Risk Management: Design" is a comprehensive advisory service, meticulously designed to provide support to public sector bodies, large organisations, and global businesses. As the first in a series of five services, it sets the foundation for a structured approach to risk management, paving the way for long-term sustainability and resilience.
The service aims to help organisations establish a robust risk programme, heighten stakeholder awareness, implement an efficient benefits management process, and create effective communication strategies. Each service line within "Risk Management: Design" plays a crucial role in empowering your organisation to navigate the complexities of risk management with confidence.
Expertly-crafted Business Case Development: The service commences with the development of a business case that reflects your organisation's unique needs. A compelling business case will provide a roadmap for your risk management journey, setting out the risks to be managed, the benefits of doing so, and the costs involved.
Enlightened Senior Stakeholder Guidance: The service ensures senior stakeholders understand their roles in the risk management process. This encompasses raising awareness of the risk landscape, providing them with the knowledge and tools to make informed decisions, and assisting in the development of a clear risk policy.
Strategic Policy Formulation and Appetite Exploration: A cornerstone of "Risk Management: Design" is the development of risk management policies. These policies will guide your organisation's approach to risk, taking into account your organisation's specific risk appetite. Understanding your appetite for risk is key to effective risk management, helping to strike the right balance between risk and reward.
Benefits Identification and Management: This service line focuses on establishing a benefits management process. This involves identifying the benefits that can be derived from effective risk management and developing strategies to realise these benefits. This process is integral to demonstrating the value of your risk management efforts.
Comprehensive Risk Management Framework: A solid framework is at the heart of effective risk management. "Risk Management: Design" will help you establish a risk management framework that is tailored to your organisation's needs. This framework will provide a structured approach to identifying, assessing, treating, and monitoring risks.
Communications Strategy and Plan Design: An important part of risk management is communication. "Risk Management: Design" helps organisations develop a comprehensive communication strategy and plan, ensuring all stakeholders are well-informed about the organisation's approach to risk management.
By availing of the "Risk Management: Design" service, organisations can better navigate the complexities of risk management. They will benefit from a structured approach to risk, helping to reduce uncertainty, protect their assets, and take advantage of opportunities when they arise. The service is delivered by a team of experts who will work closely with your organisation, providing support, guidance, and practical solutions to meet your risk management needs.
"Risk Management: Design" is the stepping-stone to a safer, more secure future for your organisation.
Service Lines
"Risk Management: Design" provides a comprehensive suite of services to guide organisations in crafting their risk management strategy. It offers expert advisory in business case development, stakeholder guidance, policy formulation, benefits management, risk management framework establishment, and communication plan design.
- Business Case development
- Senior Stakeholder Awareness & Guidance (Develop Policy, Explore Appetite)
- Establishing Benefits and Benefit Management Process
- Risk Management Framework
- Communications Strategy and Plan
Business Case Development
This service line assists in creating a compelling business case that encapsulates the costs, benefits, and risks associated with your risk management programme. Typically engaging with senior management and strategic decision-makers, it provides a roadmap to align risk management strategies with organisational goals. The output includes a comprehensive business case document, meticulously prepared following best practices and customised to your needs.
Senior Stakeholder Awareness & Guidance
Aiming to increase senior stakeholder awareness and provide necessary guidance, this service line demystifies the complexities of the risk landscape. It helps stakeholders understand their roles, responsibilities, and the value of a strategic risk management approach. Engagement typically involves workshops, training sessions, and ongoing support, resulting in empowered stakeholders who can make informed decisions.
Establishing Benefits and Benefit Management Process
This service line identifies and manages the benefits that your organisation can derive from its risk management efforts. Engaging with risk managers, project teams, and benefits realisation teams, it ensures these benefits align with your organisational objectives. The service delivers a Benefits Management Process Guide, providing a clear methodology for tracking, measuring, and realising the benefits of your risk management strategy.
Risk Management Framework
Offering a structured approach to risk management, this service line designs a comprehensive risk management framework. Working with risk teams and senior management, it includes risk identification, assessment, mitigation, and monitoring strategies. The output is a detailed framework document, which provides a roadmap for managing risks in alignment with your organisation's risk appetite.
Communications Strategy and Plan
Effective communication is key to successful risk management. This service line helps create a clear, comprehensive communication strategy and plan, designed to engage all stakeholders, from frontline staff to senior management. Deliverables typically include a Communication Strategy Document and Communication Plan, detailing when, how, and what to communicate about your risk management efforts. This service often includes training and support to ensure seamless implementation of the communication strategy.
Governance, Risk and Compliance
Specialist provider of Cyber Risk, Data Protection, and Corporate Risk Management services for digital and global organisations. Our services help organisations measure the cost, effort, time, and ROI controls to mitigate the impact of incidents, or reduce the likelihood of them occurring. Riskmanage.io provides a range of services, including advice, support, and tools to help manage and treat Cyber Security Risk, Data Protection governance, and Corporate Risk processes.
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