Risk assessment
We recommend a mix of qualitative and quantitative techniques to suit each particular risk, stakeholder or circumstance.
We can also work (or workshop) with second- and first-line resources throughout the business, alongside SMEs and leadership, to support high-quality risk analysis and output.
Your business
Do you need assistance with risk assessments? Here are a few considerations:
- The organisation does not have a clear picture of its risk profile or exposure.
- There are gaps or inconsistencies in risk information across your business.
- The risk information you do have is insufficiently detailed or not evidence-based – especially across your top risks.
- Business impact analyses need to be updated.
- A new material risk – or area of risk – emerges, which requires detailed analysis and insight.
- Your board has requested a deep dive on a particular risk.
- You are embarking on a comprehensive project to build out or refresh your risk register.
Our approach
Our expertise in risk assessment has been honed over decades of experience as practising risk professionals in a range of different industries.
Exceptional to PAGER is the variety of different assessment methodologies we offer. Our wide-ranging approach will help you to gain a deeper and wider understanding of risk across your organisation.
For example, in our strategic operational risk assessments, we focus on identifying and analysing key risks against your strategy to ensure we discover and prioritise the risks that could most materially impact delivery of your objectives. In our external and emerging risk assessments, we conduct detailed research and analysis of threats and opportunities, looking at external factors (geopolitical, economic), industry megatrends and relevant strategic risks.
In our country risk and supply chain risk assessments, we apply different lenses again, looking at political situations, security environments, relevant incidents and key vulnerabilities.
And we don’t just leave it there. Risk assessments are no use in isolation, they need to connect back into the rest of the business. That’s why our risk transformation work focuses on integrating risk ratings, controls and assessment content with appetite, escalation and assurance processes.
Outcomes and outputs
- Expert support to apply fit-for-purpose risk identification and analysis techniques tailored and suited to the nature of your risks, your team, and your context
- Strategic risk assessments – understanding the strategic uncertainties for the achievement of your corporate strategy
- Operational risk assessments – key causes, controls and consequences and prioritisation ratings
- Reprofiling – completed, refreshed or extended risk registers built up from business units to group level
- Deep dive risk assessments into a narrow risk of prioritised focus, applying a range of fit-for-purpose analysis techniques
- Risk workshops with directors, managers and the rest of the business
- Country risk assessments – threats, political situation, security environment, relevant incidents, alert level and significant dates
- Assessment results and risk information integrated into risk framework and broader business systems