RISK MANAGEMENT GAP ANALYSIS

Service: We deliver an independent high-level gap-analysis of an organisation’s risk management activity against known risk management standards such as Turnbull, COHSE, Institute of Risk Management, or alternatively against the organisation’s own standards.

Why should I buy it?

     -     To gain a clearer picture of the current risk management activity in comparison with known standards.
    -     To gauge the risk management activities undertaken by competitors in your field.
    -     To determine what RM activity needs to be done to take risk management forward.

Examples Deliverables

    -     A documented summary of existing risk management activity, with the identification of areas where an organisation is meeting, exceeding, or falling short of risk management best practice.
    -     A high-level action plan providing practical advice on improvement measures that will remedy any gaps that are identified.

Diagram explanation: The above is a one of the Risk Management Standards templates used in the analysis. The template includes the benchmark criteria with the standards the appropriate RM standard, observations and recommendations.

Benefits:

Financial
    -     Identifies the most effective areas for compliance and performance driven risk management investment.

Non-Financial
    -     Increased understanding of organisation's risk profile against RM standard.
    -     Improvement recommendations aligned to the organisation's needs.