Rapid changes in the business environment and their impact on the risk landscape companies are facing have emphasized the integral role of effective Enterprise Risk Management (ERM). ERM serves as a crucial tool for management, enabling them to navigate the business landscape, make informed decisions, and support the achievement of strategic goals. It not only involves identifying potential threats but also explores new business opportunities within the established risk appetite and tolerance. Our goal at PwC is to assist our clients in establishing, implementing and maintaining tailored ERM programs that cater to their specific needs and organizational drivers, ensuring that risk management is seamlessly integrated into their management framework.
How we can help:
- Risk management framework evaluation, design, and implementation: Comprehensive assessment and establishment of risk management frameworks, including policies, processes, and operating models.
- Risk appetite and tolerance definition: Development of risk appetite and tolerance statements, and integration with the ERM framework to guide risk management and decision-making.
- Risk management tool selection and implementation support: Assistance in selecting and implementing risk management tools tailored to organisational complexity and future vision.
- Facilitation of risk identification and assessment workshops: Conducting workshops to systematically identify and assess risks across various business units and functions.
- Risk reporting development: Creation and enhancement of risk reporting practices to ensure relevant risk views at different organisational levels.
- Cross-functional integration: Increasing alignment and coverage of risk management practices across different organisational functions.
- Training and communication: Development and execution of risk management training plans and communication strategies to ensure awareness and alignment across the organisation.
Need help?
Contact our risk assurance experts
