Enterprise risk management is an important mechanism for enterprise welfare. However, it might be quite hard to find proper consultants and create your own risk mitigation team. In this case, you can address to those, who’ve been mitigating risks for years – enterprise risk management consulting firms.
Enterprise risk management consulting firms
There are a lot of different companies providing enterprise risk management consulting, but here we want to show you five big companies that are quite famous for their glorious results. They are:
Marsh – a big consulting enterprise dealing with a wide range of non-issuable and issuable risks.
Quantitative Risk Management (QRM) – one of the oldest risk consulting companies on the market. They’ve been in business for more than 20 years and developed a lot of different efficient approaches to risk management.
Control Risks – independent risk consulting agency. Deals with such groups of enterprise risks as integrity, security and political risks.
PwC – a big US company providing different business consulting including risk analyzing and mitigation.
Pinkerton – the oldest company on our list. They’ve been on market for more than 1.5 century being specialized only in enterprise risk management. They have tons of experience and a lot of efficient decisions.
Enterprise risk management services
All these companies have different histories, experiences and approaches. Below you can find a list of several enterprise risk management services, these agencies can offer you. As for the price-tag, it can vary depending on your needs and thus it’s personally calculated for each company.
Among the great quantity of services, risk agencies offer you:
- Identification of enterprise current state and considering necessary steps that should be made before the ERM mechanism implementation. Comparison of current management image with the desired management image.
- Risk identification and assessment – this process is a pillar stone of the ERM mechanism. Specific risks for your organization are assessed and specified. As a result of this stage you’ll get a full image of your individual enterprise risks.
- Risks analysis – provides better understanding of risks and their impacts on different business processes.
- Risk evaluation – presentation of possible mitigation solutions and implementation of chosen option.
- Risk reporting – establishing and/or unification of across company risk reporting system for the better results of risk identification and mitigation.