Enterprise Risk Management (ERM) should remain relevant and effective as a 'business as usual' process that is integrated in the day-to-day activities and core organizational processes. This allows organizations to efficiently and effectively adapt to the rapidly changing internal and external environment. As such, organizations need to put in place a sustainable framework for the continuous review and improvement of ERM framework and practices.
How we can help
ERM Transformation
- Redefine and enhance/transform existing ERM programs
ERM Quality Performance Review
- Establish gaps and areas of improvement in existing ERM practices
- Benchmark existing ERM practices to leading practices within similar industry/operations
- Risk audits
Success Stories
- Performed a desktop review of the risk management policies and practices against industry best practices for a number of clients within both public and private sector. This included the frequency and quality of risk reporting, use of risk information, etc.
- Designed and conducted a performance and quality review of ERM program, based on better practices for one of the statutory boards.
- Reviewed the risk governance structure, including Terms of Reference, roles and responsibilities, existence of the appropriate committees, etc. for one of the largest port operators in Singapore.
