RISK MANAGEMENT

A robust, flexible risk management solution built on best practices that provides visibility across the risk landscape to support a risk-based approach to decision making and improving efficiency.

STAGES OF RISK MANAGEMENT

Maclear’s Risk Management Solution provides a structured automated approach to managing risk. A solution designed on best practices configured to your business processes to apply uniform risk assessment frameworks across the risk landscape. Built-in comprehensive dashboards with a wealth of qualitative and quantitative data that provide real-time risk insights. The data, reports and analytics can be used to across the enterprise to manage top-down and bottom-up approaches and roll-up scores based on business hierarchy, objective, product, process and more.

IDENTIFY THE RISK

Identify, describe and categorize the risks affecting your projects, processes, assets and any other criticalities of your enterprise. Use possible and plausible scenarios to measure and justify risks and capture the pertinent information on the risk register.

 

ANALYZE THE RISK

Determine the likelihood and impact or consequence of each risk based on complexity, criticality, frequency and other important metrics to develop a good understanding of the risk using a scenario-based analysis. Apply the controls that will mitigate the inherent risk and using the in-built risk calculator and quickly compute the residual risk rating.

 

TREAT THE RISK

Upon analyzing the risk, decide if the risk is acceptable and if not, which controls need to be added or enhanced to bring the risk to an acceptable level. Using auto generated findings assign actions to resources best equipped to mitigate the risks.

 

MONITOR AND MANAGE THE RISK

Track status of the risk mitigation activities and ensure they are on track or have quantified exceptions for future remediation to ensure that risks are not trending upwards. Get automatic notifications when risks start to trend upwards for identified key processes or assets in order to take immediate actions to minimize the impact.

 

RISK MANAGEMENT SHERPA SERVICES

OFFLOAD RISK ASSESSMENTS

Maclear’s Sherpas are experienced specialists well versed in enterprise and operational risk having performed hundreds of assessments. From creating risk scenarios to risk evaluation and prioritization, our Risk Management Sherpa Services become a natural extension of your team.

GET VALUE FROM OUR EXPERTISE

Maclear’s team of expert risk assessors follow a proven systematic process to illicit a timely comprehensive response from your risk subjects. Let us help you free up your internal resources to focus on the management of risk or move up the value chain.