Corporate Boards, CEOs, CFOs and other members of the senior leadership team are facing unprecedented levels of business complexity, changing geopolitical threats, new regulations and legislation, and increasing Stakeholder demands. To address these challenges, business leaders are embracing the discipline of enterprise risk management in the planning and assessment of strategic objectives, and the monitoring and reporting on risks associated with those objectives.

Enterprise-wide Risk Management (ERM) is a structured approach to identify risk on a holistic approach and from a top-down perspective, from strategic through to operational risks. ERM seeks to align the business vision and strategy to key processes, people and technology.

How we can help

We understand the strategic importance of an Enterprise Risk Management (ERM) Framework lies beyond a basic Risk register or profile. It involves an integrated, holistic process, involving the use of technology to inculcate and sustain permanent culture change within the organization.  Ensuring risk management is embedded in a practical manner in all key areas within the organization is critical to ensuring there is a systematic manner in which business decisions are made.

Using our unique Roots ERM 6-Phase implementation program, we can take organizations at any ERM maturity level (from new through to matured ERM programs) to new heights in embedding an integrated ERM approach. Our ERM 6-Phase program is based on best practice principles driven from the AS/NZS 4360 Risk Management standards, COSO, and the upcoming ISO 31000 standard on Risk Management. Essentially, the implementation approach benefits from our experience in implementing ERM in more than 350 organisations in 10 countries. This experience enables us to quickly develop a practical, sustainable and cost effective ERM framework for organizations.

Our Services

At Tricor Roots Consulting, we can assist your organization with a wide variety of services:

Consulting and Advisory Services

• Build awareness of Enterprise Risk Management and create permanent lasting cultural shift towards a balance between Performance Management & Risk Management
• Setting up a structured framework and methodology for Risk Management using the Corporate Risk Scorecard Concept and customized to your organization's specific requirements.
• Develop a risk profile of your organization, providing for facilitated problem analysis and potential risk analysis.
• Develop and Implement a Control Self Assessment (CSA)  Framework and Culture within the organisation driven by Digital Risk Owner Assurance
• Quality Assurance or Diagnostic Health check of existing ERM programs or frameworks for benchmarking against leading practices
• Integrate ERM into Performance Management/Balanced Scorecard program

Risk Management Smartsourcing

For Organisations seeking to achieve best practice capabilities in Risk Management but without incurring the high cost of retaining your own Risk Professsionals, Tricor Roots Consulting also provides Risk Management Outsource/ Smart-Source Services. Click here to find out more.

Q-RADAR ERM Software Implementation

Critical to the implementation is the automation of the Strategic Enterprise Risk Management through the Q-RADAR System software. Click here to find out how the Q-RADAR supports the ERM Process.

For further information

For further information or to find out how Tricor Roots Consulting can help to enhance your Enterprise Risk Management, contact us