Enterprise Risk Management
Every organization strives to align their strategy and business objectives with the appropriate level of risk – the biggest challenge is not avoiding risk, but identifying and taking the right risks needed to:
- Create and preserve business value
- Optimize performance
- Leverage opportunities
Whenever possible, in addition to communicating the results of the testing procedures, upon completion of our testing we recommend cost-effective suggestions for improvement for management to consider.
Enterprise Risk Management (“ERM”) links business strategy and objectives to risks to improve decision-making. Effective ERM helps organizations align their business with the appropriate level of risk, while effectively managing risks with the potential to impact achievement of their performance goals.
LerroSarbey provides ERM services to include:
- Conducting an ERM Assessment for your organization
- Establishing a new ERM program or recasting an existing program
LerroSarbey approach to ERM encompasses a system of processes to:
- Solidify the organization’s mission, vision, and values
- Establish supporting enterprise business objectives and cascading business unit objectives
- Establish the organization’s risk appetite – the type and amount of risk the organization is willing to accept
- Bring together your organization’s key personnel to identify and assess risks and their potential impacts to business objectives
- Evaluate and manage risks relative to risk appetite
- Use risk insights to drive adjustments to business strategies and objectives
An effective well-designed ERM program can help your organization:
- Align business strategy and objectives with the appropriate level of risk to drive business value
- Identify and manage the risks that impact achievement of performance goals
- Enhance decision-making relative to risk response
Satisfy compliance requirements - Communicate risks to leadership, business partners, customers, and other stakeholders
The LerroSarbey team of professionals bring knowledge and flexibility, skill, and responsiveness to your business continuity challenges. We combine years of business and technical experience and use advanced techniques and approaches to provide BCM services tailored to meet your organization’s unique profile – by getting to know our clients and their business we provide insightful solutions aligned with business value to drive your success.
Our Services
We provide a full spectrum of services for individuals, businesses, organizations, and municipalities.
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Learn how LerroSarbey can work for you and your business. Schedule a consultation to get started.