Opportunity or Risk ? Gain or Loss ? Embarking on Enterprise-wide Risk Management enables a robust mechanism for your organization to effectively deal with uncertainty and associated risk and opportunity, thereby enhancing the capability to build value.

Beyond regulatory compliance and control, ELCO synchronizes Enterprise-wide Risk Management with Corporate Performance Management to ultimately provide assurance and value.

Risk Management Framework & Structure

• Diagnose existing business context, organization practices and needs.
• Establish risk management framework, structure, process and policy.
• Determine risk criteria of likelihood of occurrence and consequence on objectives

Risk Identification, Assessment & Ranking

• Identify enterprise risk events
• Assess relevant risk factors
• Risk register
• Risk profile matrix and Key Risk Indicators (KRI) ranking

Risk Control & Treatment

• Determine risk appetite and tolerance
• Determine existing risk controls
• Develop risk treatment options
• Determine risk ownership
• Develop Business Continuity Plan and Disaster Recovery Plan

Risk Monitoring & Review

• Establish the regular reporting of progress on risk control and treatment action plan
• Assign roles and responsibilities of risk owners
• Review and track risk register, continuous improvement