All case studies
PAGER provides a complete risk advisory and technology solution.
These real-world case studies will help you to gain insight into how PAGER can help your organisation.
Risk taxonomy, accountability and appetite
Client
Global steel company
Client challenege
- Risk accountability and oversight was not clear and the board wanted clarity.
- Standard risk categories were applied (e.g. (Finance, Compliance, Operations, Technology etc), but they were very broad and not specific to the organisation.
- The risk framework was restricting people’s ability to use risk intuitively.
- There was no methodology or conversation around opportunity or upside risk.
Our client says
“The experience has been a great way to educate on risk and I do not think we would be where we are today if not for PAGER.”
PAGERisk solution in summary
- Developed a custom risk taxonomy with ~10 parent and ~40 child categories
- Aligned the risk taxonomy to strategy (value chain) and function (operations)
- Defined executive accountability and ownership across the risk taxonomy
- Established a new risk appetite approach, using a ‘risk appetite matrix’ to define four levels of appetite and clear parameters for each threshold
- Guided board and business to set appetite for each category in the taxonomy
- Highlighted categories where the business wishes to take more risk to grow
- Clarified roles and responsibilities across the three lines of defense
- Opened up a whole new conversation on risk across the business