Enterprise Risk Management (ERM)

Method has developed a holistic approach to identifying and monitoring all kinds of risks that could potentially affect the achievement of your strategic objectives. Risk management helps improve organizational performance and supports the achievements of your long term objectives. ERM is a coordinated set of activities an organization implements to manage risk. ERM enhances corporate governance, promotes resiliency in the face of a changing business environment, and reduces operational surprises and losses.

• Improved business performance and productivity

• Identification and risk assessment of potential unexpected losses

• Provide a more balanced approach to organizational decision making

• Responding to risks

• Monitoring and review

• Reporting and analysis

• Developing an organizational risk register

Small Business Risk Management

• Financial risk - Cash flows, access to capital, and a good CFO

• Legal liabilities - Insurance and bonding coverage

• Business interruptions - Business continuity and disaster recovery plans

• Strategic risks - External and internal capabilities

• Technological risks - Technical debt, security, and lack of innovation

• Representational risks - It takes 20 years to build a reputation and 5 minutes to ruin it