South Africa

Enterprise Risk Management  

Executives are under relentless pressure to identify the various risks facing their organisations. They need to understand how these risks influence commercial decisions and the formulation of business strategy.

Steven Briers

Steven Briers

Partner

+27 (0)11 647 5673

Our Enterprise Risk Management service is not a 'one-size -fits-all' proposition, it is a methodology that takes a structured, holistic approach to managing the uncertainties that businesses face. It relies on the creation of robust internal mechanisms for gathering, analysing, monitoring and understanding the relevant information.

 

  • Enterprise Risk Management (ERM) implementation
    ERM is an organisation-wide approach to the identification, assessment, communication and management of risk. Risk is a combination of external and internal events that constantly evolve or can be introduced to the business environment with a potentially negative impact. Recent examples illustrate that internal risks can affect stakeholder value as much as external risks, yet many organizations do not have a clear understanding of their overall risk profiles. All businesses invest in risk management, but often this is done in an uncoordinated manner and without clear results or returns.
    KPMG has developed a proprietary methodology for the structured implementation of an ERM plan in an organisation. The process has been field-tested and is based on our extensive, practical implementation experience.
    The methodology is based on each of the steps of the ERM implementation plan and contains a set of instructions and guidelines to execute the implementation tasks.

 

  • Control and Risk Self-Assessment (CRSA)
    CRSA provides a framework for businesses to review, assess and design optimal control frameworks to manage risks and achieve business and quality assurance objectives. The CRSA approach is increasingly being implemented by public and private sector enterprises which are committed to continuous improvement.
    Organisations rarely have the necessary resources to implement CRSA and our experienced professionals can facilitate the exchange of best practises and assist clients to develop and implement cost-effective control and risk management systems.

 

  • Comprehensive business risk assessment
    An organisation must be able to assess and manage the risks that might have the most impact on its success. Our ERM professionals can frame the issues for operating managers so they thoroughly understand what the risks are and mitigate against them through the development of suitable controls. ERM helps to ensure better decision-making, improved risk management and ultimately increased business performance management.