Risk Management

Risk Management

Helping Clients design and implement Integrated risk Mangement solutions and bring a risk-reward perspective to strategic decision making and day-to-day operations.

  • Risk is a reality for business owners and managers regardless of the industry sector or size of the company.
  • Well-run companies will have a comprehensive risk management framework in place to identify existing and potential risks and assess how to deal with them if they arise.
  • Risk identification, measurement, mitigation, reporting and monitoring, and governance are the six key pieces of an effective framework.

What is Risk Management ?

Businesses today are unpredictable, volatile and seem to become more complex every day. By its  nature, it is filled with risk. Businesses have viewed risk as an evil that should be minimized or mitigated, whenever possible. However, risk assessment provides a mechanism for identifying which risks represent opportunities and which represent potential pitfalls. Risks can have negative impact, positive impact, or both. Risks with a negative impact can prevent value creation or erode existing value. Risks with positive impact may offset negative impacts or represent opportunities.Risk management acts like a guide in decision-making and planning to the company, in the event of an emergency. It helps to organize and allocate resources by setting up priorities.

The stronger your business is, the less likely it is to be affected by risks. Strengthening your business doesn’t just involve financial management. It also includes strategies to retain and broaden your customer base, market your business affordably, keep morale high amongst your staff and improve business practices. You should also look for opportunities to network and form alliances; this will help minimise your exposure to risks.

Grey space Risk Management  professionals partner with client companies to ensure that risk is appropriately considered in the strategy-setting process and is integrated with performance management. We work with companies to design, implement and maintain effective capabilities to manage their most critical risks and address cultural and other organisational issues that can compromise those capabilities. We help them evaluate technology solutions for reliable monitoring and reporting, and implement new processes successfully over time. Greyspace strengthen your business during an economic downturn or unforeseen events and help mitigate risk