Risk function review
Alternatively, you might have a very clear idea of where you want to begin, but you need some help building a business case.
The review might be enterprise-wide, or it might focus on a specific part of the business.
See how PAGER works below.
Your business
Do you need a risk function review? Some of these may sound familiar:
- You want to improve, but you are not sure where to start or what to prioritise.
- Enterprise risk management is not functioning effectively in the business.
- A major incident or risk event has exposed flaws or failings in internal risk management systems.
- As a risk manager, you may be able to identify the issues, but you need to build an evidence base to help others see it too.
- Your board is asking for a risk review.
- You want to know how risk in your business compares to others and to leading practice ideas.
- Your organisation is undergoing significant change – perhaps a merger, a newly acquired business, a new CEO or similar.
Our approach
In our risk function reviews, we cater to two main scenarios (and a range of businesses operating somewhere in between).
In the first scenario, an organisation’s board and executive broadly know and accept that risk needs to improve, and they have a relatively good understanding of how. In these cases, a simple ‘light touch’ review may be appropriate, where the main objective is just to help prioritise and plan improvement works.
At the other end of the spectrum, PAGER will conduct a comprehensive review of risk across the business. This may incorporate multiple site visits, detailed documentation reviews, interviews of key personnel, and presentations to directors and management to detail findings and work towards achieving aligned priorities on where to go next.
Outcomes
and outputs
Intro para text to go here Intro para text to go here:
- Define and agree ‘what good looks like’
- Current state assessment of risk management effectiveness
- Prioritised recommendations and improvement roadmap (shifting from ‘current state’ to ‘desired state’)