Risk Management

Due to a requirement for enhanced governance, security & compliance certain sectors e.g. Banking & Insurance have developed their own Risk Management regimes incorporated within accords e.g. Basel 3. These mandatory, industry specific regulations have become so specialised that only experienced Industry specific Risk Management Consultants can provide appropriate guidance. This is not a specialism that Transform Associates Network can boast although certain individual Associates do have experience in this.

Enterprise Risk Management is described as; applying an integrated approach to identifying, assessing, managing and monitoring risk in a way that maximizes business success. Enterprise Risk Management is a more generic concept that is applicable to those industries where Risk Management is not mandated therefore the uptake is patchier with some organisations setting exemplary standards with others barely starting the journey.

To encourage best practice in Risk Management the Best Management Practice (formerly OGC) published Management of Risk (M_o_R) a generic framework which considers Enterprise Risk Management from a strategic, organisational operational & project /programme perspective. M_O_R has not been adopted as well as perhaps originally perceived.

Whilst the Transform-Associates network includes Risk Management Consultants who are thought leaders in Enterprise Risk Management in a more general sense Risk Management forms a key discipline within every type of Project /Programme our Associates are engaged with.