Enterprise Risk Management Services
Enterprise Risk Management (ERM) is a strategic approach that supports achievement of an organization’s Mission and Vision by addressing a full spectrum of high-level Risks, and their combined impact upon progress, with Communication, Consistency, and Continuity.
The ICA Difference
ERM is a traditionally complex process, born of COSO in banking and finance and ISO 31000. Moving ERM past complex, academic, and siloed approaches into successful implementation requires an intelligent, tailored approach. Adaptation of core ERM principles where internal Communication, Consistency, and Continuity preserve and add value with increased organizational resilience.
ICA’s ERM Practice
ICA does not overengineer or “productize” ERM, nor do we employ commercially available ERM software products that require extensive training and support. We understand the individual needs, goals, and culture of your organization to implement ERM complimentary to the way you do business and linked to strategic objectives…so you can get where you want go.
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See Below for How It Works:
Sustainable methods to identify, assess and monitor Risks, in support of organizational culture, to inform decisions.
Consider internal and external environments, systems and relationships recognizing that all Risks are connected.
Work with all Stakeholders – senior, middle management and Board members to identify Enterprise-level Risks.
Establish a Risk Culture that allows for qualitative and quantitative risk assessment to rank Risks and incorporate into strategic decision-making.