pbsg services - risk management PDF | Print |  E-mail 

At present, each company to attain planned goals has to take risk. Free market presents not only an opportunity to achieve over the target profits but also poses a risk of significant losses due to unfavorable changes in the settings and within the organization. All business decisions bear certain risk. Such risk may have a specific dimension as it involves invested financial resources. That is why companies more and more often take decision to implement risk management systems.

Risk management approach recommended by PBSG defined as integrated risk management (ERM) allows to integrate risk management with existing company processes. This helps to define future events, which may affect company's future activities. Moreover, such an approach necessitates evaluation of adopted strategy of company management in the context of preparing it for future business events.  Integrated risk management transforms common static approach into proactive management, into value building with the use of working mechanisms of process management.

Another important issue that affects not only public administration institutions but also private enterprises is fraud and corruption. Corruption damages company's affairs. It is very costly not only due to the mistaken decisions but also to the loss of reputation. In order to prevent or eliminate such situations we recommend our customers implement prevention of corruption and fraud system , which by means of risk analysis allows for effective management of corruption sensitive processes.

 

created by conecto.net powered by joomla