Service Snapshot: Risk Management

Evolving Risk Management to the next level is where organisations need to be. All commentators agree that management behaviour is a vital part of Integrated Risk Management. Penumbra moves risk management to the next level by introducing Eclipse Risk Monitor. Behavioural Risk – Measured.

Challenge

The challenge is to evolve risk management beyond current tools and embed this within organisations in a measurable and repeatable way.

Commentators agree that risk management needs to be part of Strategy to drive advantage and not just mitigate negative risk. Also identified is corporate responsibility which drives through to the boardroom.

We also now understand that risk management models and metrics do not hold the answer and that more often than not, management failings are identified as contributing factors when risk management fails.

Most agree that resilience is what is required, in order to be able to identify and respond to emerging risk.

Solution

Penumbras Eclipse Risk Monitor is a custom solution that is tailored to your company and needs, in order to help measure the behaviours that are contributing to risk, and to monitor them.

Eclipse Risk Monitor is unique in that it is situational, and allows you to monitor and measure the behaviours that you need to maintain competitive edge and take action quickly when things need to be controlled.

Eclipse Risk monitor allows you to add behavioural risk controls in to your corporate culture to add competitive advantage and to change culture to be more risk aware.

Eclipse Risk Monitor is cost effective, non-intrusive and has a lean footprint which means that it can be incorporated into an organisation seamlessly to work alongside other established procedures.

40 years of risk management: an evolution – the next step: Behavioural Risk - Measured

Benefits

The benefits for good risk management are:

• Business Performance & Cost Control

• Due Diligence & Compliance

• Brand damage control

• Measure the Immeasurable

• Employee Buy-in

• Cost Benefit

But at a fundamental level, getting the right risk culture to penetrate throughout the organisation is one of the most valuable investments a company can make.

Contact us to find out more, without risk.

Read more about Eclipse Risk Monitor>>