Risk management is the identification, evaluation, and prioritisation of risks followed by managed, effective and efficient application of resources to minimise, monitor, and control the probability or impact of unfortunate events (be they internally or externally generated) or to maximise the realisation of opportunities. Its aim is to ensure that uncertainty does not deflect from the achievement of organisational objectives.
Strategist Services uses in-house developed methodologies to:
- Identify, assess and rank risks facing your organisation.
- Work with you to develop, apply and manage processes that minimise organisational risk.
- Enhance the likelihood of attainment of organisational goals.
Over time organisations can embed poor practices or overly concentrate responsibilities in certain, often senior, individuals or job roles such that they become dysfunctional. This can become dangerously manifest in decisions being made for the self-interest of those in whom power is over-concentrated rather than for the organisation and its broader stakeholder community.
As part of a broader organisational review, risk assessment, strategic input, or as a discreet assignment, Turadh (Alba) can consider the organisation’s mechanisms, processes and relations by which it is controlled and directed, and whether they remain fit for purpose or require restructuring.