Risk Frameworks

House of Cards

Risk management, as with any management system, has to have a structure.  Once the commitment is made to have a risk management system, the next step is to design a management framework which is cost effective and easy to maintain. Management frameworks always cost money which is why care has to be taken to choose systems which have the greatest cost/benefit ratios for your organisation.

A good starting point is to keep the systems “light” and embedded into your existing organisation or current projects at all levels.  That way you can keep costs down by using existing resources and avoid double reporting. We guide your through basics of Frameworks so you know the options open to you, so you can chose the best.

The program can address (in no particular order):

  • Business – Constraints, amount of details and effort
  • Improvement of the frameworks
  • Organizational involvement and cultural aspects
  • Ownership of the frameworks
  • People – attitudes, roles responsibilities and authority
  • Resources planning
  • Risk expectations on the supply chain
  • Risk reporting tied into corporate/project roadmaps
  • The integrative strategic risk management process
  • The need to look across risks
  • The tie-ins to corporate/project reporting systems
  • Tools – Toolbox, parameters, definitions
  • Risk standards
  • PRAM Methodology