Business Risk Assessment

Risks affecting organizations can have both positive and negative consequences in terms of economic performance and professional reputation, and may also affect organizations’ overall objectives apart from environmental, safety and societal outcomes. Therefore, managing risk effectively helps organizations to perform well in an environment full of uncertainty.

What is BRISK - BRISK is the world’s latest risk management suite of services which helps organizations to Assess, Manage and also Mitigate risk using the standards based methodology. The strategic risks, operational risks and risks arising out of people and process due to ever changing global macro environment are assessed and mapped using this methodology.

Business Risk Assessment is a simple, systematic and effective tool to identify risks to the business at the given moment of time. It must be appreciated that the business risk itself undergoes changes and the risks increase or decrease. Thus for a company to have a clear understanding of its own position, and to create a management system to either reduce the risk or control it adequately, a formal analysis is essential. A second benefit of the business risk assessment would be the input available regarding the risk, to prepare a strategic plan for the organization.