ISO 31000 provides for an organizational framework to drive integrated risk management implementation. Are the quality of your current Risk Management and its practical approach fit for purpose? DNV may be able to help.
Drivers
Stakeholders are pushing for integrated risk management. Contracts hold risk management requirements, credit rating agencies reflect on risk management and governments increasingly request risk management implementation as stated in their requests for proposal.
Risk Management also makes sense from a bottom-line perspective: scientific evidence suggests that a well-functioning integrated risk management system increases the company value on average by 16%.
But what is the definition of a well-functioning risk management system? Recent surveys demonstrate that 96% of the organizations with some form of integrated risk management are struggling:
Risk Management requires a different way of thinking
Competency issues are prevalent
Quality issues in risk identification, analysis, evaluation and treatment
Controls Management is not recognized
ISO31000:2009
The ISO risk management standard comprises integrated risk management principles, framework and associated processes. It can be applied to organizations of all types, to any part of an organization, to any type of risk and to all types of activities. The standard includes:
Principles for risk management to be effective;
A framework to ensure the risk management process is integrated into the organization’s overall values, culture, governance and management;
A detailed breakdown of the – continuous – risk management process.
Our proposition, your opportunity
DNV is able to provide you and your organization with:
Knowledge in all areas of risk management: strategic, operational, organizational, financial and technical risk pictures; from the detailed technical through to long-term business strategy
Practical suggestions for value-add improvements based on experience, in order to protect and improve your business, maximize opportunities and avoid or mitigate losses.
Quantitative benchmarking and gap analysis against industry best practice, peer groups, ISO 31000 and other risk management standards;
By combining technical and business understanding we focus on delivering added value to your organization, based on our broad experience through value-adding solutions with a fresh perspective. We utilize distinct perspectives and broad skills by assembling an experienced multi-disciplinary team to work with you. This is how DNV offers a unique approach.
Information
For more information please contact our BeNeLux Solutions Department
Datum: maandag 15 november 2010