Complexity, uncertainty and change are prevalent within all business functions. Consequently, every enterprise has a continually evolving and fluctuating risk profile. Identifying, assessing and managing risk will enable you to improve your business by maximising opportunities and reducing the time you spend on reacting to surprises.
Our approach
At DNV's consulting services, we define ERM as:
"A cross disciplinary approach to identify and manage opportunities and threats in relation to defined company objectives to create value for stakeholders as an integral part of the core business activities and processes across all business units."
We can help you identify, understand and manage each of the component risks and provide a complete view of your organisations total risk exposure. We then help you to manage these risks in an integrated way to allow you to maximise the opportunities and avoid or mitigate losses. We believe that the successful management of risk is dependent on a key principle: the application of robust systems by competent people.
We provide ERM services in the areas of:
Benefits
Our approach leads to the robust management of risks throughout all phases of an enterprise’s activities. This results in benefits such as:
- A clear understanding of the risks which could impact the enterprise and how these may be manifested
• Robust and well implemented systems for managing the risks - Employees who integrate risk management into their normal activities
- Demonstration of risk management performance to stakeholders
- Confidence that the risk profile is understood and being monitored in accordance with the enterprise’s risk management plan
