RiskTech can provide:-
- Facilitated Risk Assessment methodologies to identify and measure risks and establish risk control frameworks to treat risks in a robust process that complies with AS/NZS 4360:2004 Risk Management Standard;
- Establishment of your organisations risk context through the development of a Risk Ranking Matrix specific to your business;
- Identification of business risks on a holistic basis reviewing sources of risk such as:-
- Commercial and legal relationships;
- Economic circumstances and treasury;
- Human Resource and industrial relations;
- Occupational health, safety and hygiene;
- Environmental impact;
- Political circumstances and legislative impacts;
- Legal liabilities and compliance;
- Product Safety;
- Assets and intellectual property;
- Technology and information systems; and
- Professional negligence
- Establishment of an organisation-wide Risk Register;
- Managing your risk control framework and identified risk control strengths and weaknesses; and
- An organisation’s risk profile ranked on residual risk incorporating a prioritised Risk Control Improvement schedule and action plan.
Some of the benefits of this process will be:
- Your organisation will be aware of where the major risks are, how big they are, what are the major contributors to them and whether they are appropriately treated and controlled;
- The risk assessment methodology ensures by-in to the risk management process by your management team, transfers risk analysis skills and helps embed the culture;
- The process meets the requirements of AS/NZS 4360 Risk Management Standard;
- Deliverables from the process provide documented evidence of good corporate governance and action plans for improvement opportunities; and
- The process provides senior management with the confidence that risks are being managed efficiently and effectively.