
Enterprise Risk Management (ERM) is a comprehensive, systematic approach that helps organisations identify,assess, prioritise and respond to risks proactively in order to meet its most critical objectives and related initiatives and day-to-day operations.
In order to do this confidently, an ERM framework should be fit-for-purpose and provide a comprehensive overview of the risk profile. If not, the potential untimely response to pressing risks and unmet expectations could leave you exposed to increased scrutiny from stakeholders.
ERM protects business by avoiding surprises through identification of all risks that may hinder achievement of objectives. ERM allows for informed decision making through greater understanding of your risks. All of this helps in better allocation of organisational resources in pursuit of the greatest value for businesses and their stakeholders.
We conduct maturity assessments and audits of your current risk management capability, providing you tailored recommendations in a defined implementation roadmap on how to take your ERM function to the next level. Our PwC methodology assesses your capability in line with leading standards and practices, including ISO 31000 and COSO ERM.