Strategic Risk Management

Historically risk management strategy has focused on risks to assets appearing on a company's balance sheet. However, increasingly chief financial officers and risk managers are seeking methods to provide protection against risks to earnings. After all, without earnings there is no business.

Ultimately managing risk is about managing uncertainty. There are both positive as well as negative results from uncertainty. Risk management has traditionally focused on the negative. However, risk strategies can play a major part in the identification and assessment of opportunity. Many companies miss opportunities through being over-cautious. The use of risk assessment tools can enable a company to truly identify the cost of risk and enable a scientific decision to be made about the acceptance of risk.

By embedding risk management within the management culture of a company the board can make true value based decisions about corporate strategy. This requires diagnostic options to identify the initial problem, and treatment options to provide solutions. It also requires a structure that is enabled to integrate the management of risk within the overall management strategy of the company.

Kingsbridge services include:

• Business evaluation (identify uncertainties around business operations. Implement improvement strategies and action plans)
• Process improvement (drive operational performance by identifying, assessing and reducing sources of process variation)
• Integration management (identify, assess and address the effects of implementing change on people, communication channels and information flows)
• Project management (improve confidence of achieving cost, time and quality targets via both pre-contract appraisal and real-time project delivery)