Leading the way in Enterprise Risk Management

Enterprise Risk management

Enterprise Risk Management (ERM) is also known as Enterprise-Wide Risk Management (EWRM). Successful implementation is contingent upon a well defined plan. A "Roadmap" is needed

At Corprofit, we are proud of our ability to assist our customers in the development of robust ERM Plans that we refer to as a Roadmap.

  • The Roadmap sets the goals
  • Provides a meaningful approach
  • Avoids wasted effort
  • Demonstrates commitment by the organisation

Makeup of a Risk Roadmap

Risk Management Policy
Owned by the Board

  • Mission (company with reference to risk management)
  • Risk Management Policy Statement (commitment)
  • Risk Management Plan (RMP) (endorse it)
  • Standards and Codes of Practice (sign up to some)
  • Risk Management Organisation and Responsibilities
  • Diagram of "Risk Universe" Risk Management Plan

Risk Management Plan
Owned by executive management

  • Introduction
  • Methodology (Risk Management Process Overview)
  • Establishing a Core Risk Management Model (break it down into its elements)
  • Gathering Data and Developing Action Plans (using automated software)
  • Risk Register
  • Training and Education
  • Terminology
  • Implementation Progress and Timeline
  • Risk Management Processes

    • Generic, broad-brush approach
    • Business continuity
    • Controls assurance
    • Compliancei
    • Information security risk….etc

Drawing on our depth of experience, we tailor our services to suit the risk management needs of each client.

CorProfit Systems, the final say in Consultancy, Training and Software

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