Operational Risk Assessment
Navigating the intricacies of your business to pinpoint areas requiring process review or additional resources can be challenging. Our Operational Risk Assessment service eliminates the guesswork, providing clarity on which aspects of your business would benefit most from process consulting or other strategic efforts. Read more below.
Operational Risk Assessment
Conducting an operational risk assessment involves an examination of select facets of your business operations to pinpoint potential risks and vulnerabilities. Risks outlined include everything from brand/reputation risk to safety to financial, etc. Our process includes an analysis of workflows, systems, and key processes. The deliverable is a tailored report, offering a varying degree of detail based on the unique needs of your business. This comprehensive document provides a high-level list of identified risks and corresponding controls, empowering you to proactively manage challenges across different risk categories and determine where you may want to invest additional resources.
Control Testing
Following our Operational Risk Assessment, we extend our expertise with our Control Testing service, ensuring that the controls identified or documented in the risk assessment are not only comprehensive but also effective. Our testing process validates the functionality of the highest priority controls, offering assurance that they operate as intended. This additional layer of service provides a thorough examination of your risk mitigation strategies, ensuring a robust and reliable framework for safeguarding your business across diverse operational aspects.
