Enterprise Risk Management and Assessment

Service Description

Risk Management requires specific knowledge on how to properly model the risks that will be encountered in your company’s processes, and design and implement specific controls that will effectively mitigate risks when necessary.

Service Value

By managing processes with risks and controls you get an accurate picture of how your company operates and how these operations must be improved. Our consultants will help you focus on preventative risk management, while focusing on the most value-oriented risks in order to increase total profit for you company. Let our team find the risks that your business faces and design the most effective controls to keep them out of your business processes.

Service Components

The Process/IT governance service consists of the following components:

• Process analysis and prioritization
• Process-centric risk perception analysis
• Control design and implementation
• Ongoing analysis of risk/control effectiveness

Service Deliverables

At the conclusion of each consulting session, ITC will create and present an implementation report which details:

• Risk cost analysis
• Process-centric Risk perception heatmap
• Control implementation cost analysis
• Control rollout roadmap
• Risk mitigation factor report

Typical Service Duration

Enterprise risk management and assessment can normally be completed during first six to 12 months via one-day monthly visits. Smaller scope projects may take as little as 4 business days total, where larger scope assessments can take up to 15 business days total. ITC will tailor the framework audit service to your specific organization and budget.