Enterprise Risk Management

Your business has not gotten to where it is today simply because of luck or fate. We recognize that the success of your business is based on calculated risk-taking in the pursuit of specific rewards. We call this your "risk appetite". We also know that every organization’s risk appetite and the processes for managing this appetite are unique and dynamic and there is no one-size fits all solution. The fact that you are reading this means that you are looking for ways to improve the management of your risk appetite. This is the primary focus of our Enterprise Risk Management practice.

Just like in life, your appetite for risk-taking activities changes as your company matures. Because of this, we tailor our services and approach to consider your company’s relevant inherent risks. This includes considering the complexity and maturity of your industry/market position, chosen business model and transaction cycles. With this approach we can develop a risk management solution that can be applied across the entire organization or scaled down to meet a specific need at the business unit, department, or even a project level.

Our risk management services are centered on first taking credit for what you are already doing to manage your risks and develop a baseline risk management profile. This tailored top-down approach helps companies assess their current risk position and identify ways to align their management activities to better match their desired risk profile. This approach also considers both the down-side and upside of risk. We understand that risks should be managed and this does not necessarily mean minimized. We like to remind ourselves what every business person knows... No risk, no reward.

For more information on enterprise risk management and the risk management assessment process, view this link to read a white paper entitled, Unlocking the Unknown: The Key to Risk Management.

Please contact Chris Bowler at cbowler@pkm.com or 404-420-5929 to discuss how we can help you in crafting a right-sized risk management function for your organization.