Risk management
Identify, assess and manage risks
Risk management is all about revealing negative influences. We help you to identify all corporate and/or project risks and to develop a suitable strategy for avoiding and minimising them. Not rarely, a risk also conceals an opportunity.
What we can specifically do for you
- Recording of your individual risk profile
- Establishment of overall goals and strategies for risk minimisation
- Determination of suitable criteria for risk assessment
- Identifying, analysing and assessing operational, procedural and legal risks
- Monitoring and follow-up of existing risk factors
- Analysis of the potential extent of damage and the probability of occurrence of individual risks
What benefit you receive
- Overview and control of existing risks
- Avoidance, reduction and limitation of risks
- Reorientation or adjustment of the corporate strategy
- Conducting a task critique
- Active risk management instead of passive cover holding
FAQ RISK MANAGEMENT
In addition to the analysis of all important initial data, we have experienced that the identification of risks should not only rely on individuals, but on the know-how of as many qualified involved actors as possible. The methods for identifying the risks range from the widely used SWOT analysis to the so-called risk catalogue to the Ishikawa diagram and can be worked on excellently in joint workshops.
In order to be able to discuss the optimal handling of individual risks, it is mandatory to also assess the respective extent of damage and the probability of occurrence. Whether with simulations (e.g. Monte Carlo) or on the basis of concrete research and investigations - for optimal risk management, the potential effects of the individual risks should definitely be examined. In particular, scenario analyses combining different risks can serve as a basis for decision making.
Once the risks have been identified, the next step is to monitor and control them. A clearly defined risk management process is the only way to ensure that the main risks are properly addressed throughout the duration of the project or enterprise.
Once a risk has been identified, it is usually necessary to communicate it to appropriate committees or decision makers. The foundation for such communication should always be a good analysis of the risk in order to avoid both unrest and indifference. The extent of damage, the probability of occurrence and possible scenarios should be presented in a solid manner in order to ensure open communication and to be able to conduct possible discussions in a targeted manner.
