Combination of Factors to Assess a Company’s Risk Management Practices
Project scope
Categories
Accounting Operations Project management Market expansion Product or service launchSkills
consulting risk management advising benchmarkingThe goal of the Project is to understand the combination of factors that would give an understanding of how well a company understands its risks, and how well they are managing the risks. We are interested in factors to assess companies, not their actual risks.
Imagine that you are employed to a consulting firm advising a Multi-National Firm on the on the acquisition of an asset intensive firm such an Electric Power Company. The client has two options and needs to make a decision as to the best investment to select.
1. Kindly outline a combination of Factors that your firm can use to:
- Assess the target companies’ awareness of their internal and external risks, and
- Assess the effectiveness of their risk management approach.
2. Based on the factors selected above, develop a benchmarking scale that your firm could suggest to the client to use to do a 1-page side by side comparison of the two options.
I will have a planning meeting with the students to discuss the internal and external contexts of target companies and to outline the specific information that would be useful to us.
About the company
Greeman Asset Management Solutions is a firm that provides asset management advisory services, consultancy and training to asset-intensive organizations. Our solutions focus on helping firms to align their operations to their asset management policies and strategic plans and to benefit from the provisions of global standards.
We are staffed with certified asset management assessors and professionals who not only understand the provisions of ISO 55000 family of standards, but also understand asset systems and organizational processes. This unique know how, allows us to interpret your firm's organizational context, assess asset risks and develop solutions that are strategic enough to be appreciated and supported by top management, while also being granular enough to be implemented by front line staff and middle management.