Our approach to risk management is based on periodic review and continuous improvement. We work with you to establish a framework that’s both flexible and effective in the way that it handles risk.
We first establish the context to determine your organisation’s strategy and objectives. We identify your business’ strengths, weaknesses, threats and opportunities.
Once the context has been established, we develop a clear plan of things that could potentially go wrong. How could operations be disrupted, and what are some of the dangers your organisation could be facing? These are all questions that guide and inform the process development.
We then validate and prioritise key risks as a means of finding opportunities for improvements to current organisational activities. We calculate the probability of risks occurring within a given timeframe and consider the potential outcome of the said risk event.
We develop a range of options and recommend action plans to mitigate the risk. Depending on the type and nature of the risk, the goal may be to avoid, reduce, share or even accept the risk. Our risk treatment plans come with realistic objectives and timelines for implementation.
We first establish the context to determine your organisation’s strategy and objectives. We identify your business’ strengths, weaknesses, threats and opportunities.
Once the context has been established, we develop a clear plan of things that could potentially go wrong. How could operations be disrupted, and what are some of the dangers your organisation could be facing? These are all questions that guide and inform the process development.
We then validate and prioritise key risks as a means of finding opportunities for improvements to current organisational activities. We calculate the probability of risks occurring within a given timeframe and consider the potential outcome of the said risk event.
We develop a range of options and recommend action plans to mitigate the risk. Depending on the type and nature of the risk, the goal may be to avoid, reduce, share or even accept the risk. Our risk treatment plans come with realistic objectives and timelines for implementation.
In the face of constant change, we regularly monitor and review our approach to ensure that we’re able to quickly identify new and emerging risks.
ABN 61 617 576 904 | Copyright © 2020 All rights reserved by Mindful Risk
