Do you know the risks?
Most of us are faced with the challenge of identifying and managing risks in a global environment.
More over, compliance with specific programs, regulations, acts and quality standards has become a routine part of everyone's daily business.
Managers need to be aware of all threats that are constantly lurking and moreover, they need to assure that the company will react with resilience and efficiency when it is faced with changing circumstances. Particulary in today's climat. Although companies cannot eliminate risk completely, they need to be proactive in identifying, assessing and managing risk to their own advantage and reduce cost in doing so. To this purpose, structural measures have to be built into the company policy, allowing the detection, prevention and mitigation of the effects of risk.
Risk can be detected and managed by assessing business processes in a systematic way. Areopa has developed a Risk Assessment & Process Performance (RA&PP) tool that enhances qualitative as well as quantitative assessments of risk, leading to decisions in the Business Process Improvements area.
RA&PP focuses on Business Processes that are generic, sector/industry and customer specific. When using RA&PP the performance of a company is systematically assessed and compared to its internal objectives and to its sector and global averages.
RA&PP’s Risk Assessment puts performance on a scale, making sure that risk domains are highlighted by means of an advanced reporting system.
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