Synergy LLT Consultants can help your organization to implement the Enterprise Risk Management (ERM) Framework. 


In 2004, COSO defined ERM as follows:-


Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives. 


ERM is further defined in the following 8 components:-


1) Internal Environment

2) Objective Setting

3) Event Identification

4) Risk Assessment

5) Risk Response

6) Control Activities

7) Information & Communication

8) Monitoring




 

Here, Synergy LLT Consultants will assist you and your organisation (any small, small or huge) to build their respective ERM frameworks under a comprehensive package that will ensure the company covers all sufficient aspects of ERM. Our package (whether big or small) provides the following guidance on:-

1. Defining ERM parameters

2. Pre-Workshop

3. Identification of Risks and Controls

4. ERM Workshop

5. Risk Register Preparation

6. Risk Register Review

7. ERM Reporting

8. Risk Committee

9. Risk Reassessment 

10. Annual Review of Risk Register