Risk Management
Company experts specializing in risk and crisis management conducting design an integrated construction plan for risk management in any government or private institution. The plan includes in its construction on identify and limit the risks facing the institution, then develop a detailed description of each risk, and put mechanisms to prevent the risk before it occurs and confront it once it occurs, mechanisms for eliminating its effects, as well as setting measures for each risk, in addition to developing and designing a comprehensive system for managing risks electronically.
Analysis
- Study the current situation of the institution and determine the risks it faces
Manage
- Electronic risk management
- Impact measurement
- decision-making support
Build
- Integrated risk management plan.
- An executive plan to manage each risk
Define
- List of potential risks
- Building risk metrics
List of potential risks
Integrated risk management plan
Electronic risk management system
# | The Strategy | Description of the strategy |
---|---|---|
1 | Preparation and Arrangements | Risk management induction training for all employees of the institution. |
2 | Participation | Participation of all employees of the institution in all stages of defining and designing a risk management plan. |
3 | Keep up with | Alignment with all relevant regulations, and design the plan in accordance with current trends in risk management. |
4 | Capacity-building | Building experiences of employees of the institution in risk and crisis management. |
5 | Transparency | Highlighting the strengths and weaknesses of the institution, and notifying the leaders of the institution about it, while identifying the most important opportunities and challenges facing them in the future |
6 | Change | Building an integrated strategic system in the institution, concerned with changing work from the routine work cycle to managing work according to modern trends in management. |
7 | Measurement | Designing measures by which the institution can determine the level of risk for each risk, and the extent of its impact on the institution's business cycle |
8 | Competition | Building an integrated risk management system that achieves leadership and excellence for the institution compared to its peers. |
9 | Electronic solutions | Setting up an electronic system to manage the enterprise's risk plan that includes all the risks it faces, while training its employees. |
10 | advisory support | Provide advisory support before, during and after implementing the risk management plan and establishing its electronic system. |