Risk Management

Does your organisation have a co-ordinated approach to risks, which will allow it to respond well to challenges? If not, find out how Oakleigh can help with your approach to risk management.

We have found that many organisations have a risk management methodology at a corporate level which is mandated across the different divisions and departments. However at lower levels of the organisation there is little coordination of the process of recording, assessing and managing risks.

Silo Mentality

This is part of the 'silo' mentality so prevalent in many other aspects of organisational behaviour. This also leads to duplication, inconsistency and potential risk in and of itself.

This lack of coordination can result in different approaches to risk management being introduced by individual mangers, as they see fit, typically in isolation to the rest of the organisation with only headline risks being reported. The outcome of this is:

Overlap, duplication and inefficiency
Reams of risk reviews - reports filed on bookshelves
Risks are not effectively managed at an appropriate level
Focus is on the detail of completing registers at the expense of an holistic corporate view.

Enterprise Wide Risk Management

If this sounds like your organisation, why not consider talking to us? Oakleigh has introduced Enterprise Wide Risk Management (EWRM) - a means to achieving Effective Organisational Resilience.

Oakleigh's view, based on considerable years of experience and research, is that the key to truly effective EWRM, which will deliver the all important organisational resilience, is through managing risks from the perspective of Programme Management.

Control

By managing risks as a corporate programme, greater control across the organisation is achieved, with accountability resting with the Board for effective EWRM.

Oakleigh Risk Management Services

Effective Risk Management can only be successful if an enterprise wide approach is taken which ensures a high degree of consistency and coordination to avoid duplication and inefficiency.

The key features of EWRM are:

Lean and structured approach
Focuses on the major risks and their associated control measures, from across the organisation
Cuts out duplication at the detail level and reduces unnecessary levels of bureaucracy and effort
Quicker identification of major risks and the controls required to minimise potential losses
Integrates the often isolated Business Continuity and Emergency planning functions into main stream risk management

Why Oakleigh?

Oakleigh has a diverse set of risk management consultants, ranging from qualified auditors and accountants to ICT security specialists.

The team have considerable experience of assessing risks in major change programmes across organisations in both the public and private sectors as well as facilitating the development of organisational wide risk management frameworks.