Pragmatic risk management - The bridge between strategy and execution

In various sectors, organisations struggle with implementing risk management. Risk management is seen by many organisations as a compulsory number that mainly satisfies the outside world (especially regulators and auditors).

In theory, the benefits of risk management are clear. Among other things, risk management can help achieve objectives, improve operations, set priorities and prevent siloing between departments. However, adding value is less successful in practice, risk management is quickly made unnecessarily complex and often associated with too much paperwork. Risk management even leaves a nasty aftertaste for many.

Taking into account the pitfalls of risk management, we offer our clients a different and new sound. We help our clients implement risk management so that it really delivers. Risk management, but in a new guise.

Our approach centres on our clients' strategy. By applying risk management, we bridge the gap between strategy and execution. In interactive sessions, we give our clients insight into key uncertainties that affect the realisation of the strategy. These are not only risks, but also opportunities. This way, risk management becomes fun for everyone!

In our view, risk management is therefore based on a learning organisation. Integral, step by step and appropriate to the nature, size and ambition of the organisation. We not only help our clients with implementation, but also create insight and help them to do it themselves. This is how we make the difference and achieve the desired improvement together with our clients.

Our approach is easy to understand and apply, even for those with little or no experience. We keep it simple and the behavioural side is always central. Our methodology is easy to tailor, allowing any organisation to start implementing risk management properly right away. The organisation then not only complies with laws and regulations and the expectations of the outside world, but above all has found an instrument to concretise the strategy, control risks, exploit opportunities and monitor this periodically so that adjustments can be made in time.

Our new approach has been implemented at several clients and the aftertaste from our clients is very positive! A common response from our clients is that they did not realise that risk management had been implemented, but mainly that they have made good steps in translating strategy into execution and in doing so have gained good insight into how to deal with uncertainties. As far as we are concerned, this is risk management as it was once intended, a means to achieve objectives.

For more information on this article or Risk Management? Contact us on (0) 88 276 3000 or at info@improven.nl.