Skip to main content

Enterprise Risk Management

Various risks are encountered while trying to reach commercial targets in businesses. Enterprise risk management systems is one of the most effective tools for managing risks.

From customer choices to access to markets from selection, purchasing new completion, technological calculations, futures of costs, information technology risks, risk assessments, comprehensive risks, accounting, audit, and review for the seemingly outward risks are only some examples.

Risk is not always a waste. There can be an opportunity in a well-managed time.

Risk management is an integral part of strategy setting and implementation.

Night-time preparations are necessary after the risk from company management: Taking risks, well-intentioned people and taking risks, not taking risks, using risks to prepare for the counter win-win received, preparing to take risks, leveraging the human performance while preparing to prepare for risks.

In its own global, it can be affected by many things, including today’s positive and negative goals in a country, such as speed in communication channels, comprehensiveness in monetary/service shorts/employment markets/employment, etc.

Enterprise Risk Management in Companies

 

Risk Management has a critical place in the corporate governance structure of companies, whether it works as a separate department or in a dispersed structure under the responsibility of different people. Company management should be aware of all the risks their companies face, develop policies and procedures within the framework of updated strategic plans, take precautions, and have a business continuity plan.

At Teolupus, we examine your company’s corporate controls and risks, create a risk map, classify, prioritize, and report the measures that can be taken against the open risk, and make the process permanent with you. Depending on what you asked for, we do these studies regularly.

Our work is carried out by our Certified Internal Auditor (CIA) experts, who hold the Certificate of Risk Management Assurance (CRMA) in accordance with international frameworks and standards such as the international COSO 2017 Enterprise Risk Management Framework and ISO 31000.

Institutionalization to Be Effective and Productive

Management with Process Perspective

 

A process is a chain of activities that transforms a certain number of inputs into useful outputs for the customer. We need management with processes to understand the current operation, measure and improve business results, and recognize responsibilities. Managing with a Process Perspective;

  • Define – Document
  • Measure-Evaluate
  • Solve
  • Redefine Document

can be schematized. If you, as a business management, do not recognize and document the processes, you will agree to an understanding that is defined and implemented by the employees. The components of Management with Process Perspective, in other words process architecture, are Strategy, Performance, Business Plans, Human Resources, Enterprise Architecture and Risk Management.

At the same time …

  • If the process is important due to your company strategies, but its current situation is bad.
  • If the same processes are handled differently in your competitors and they are successful.
  • If it is done cheaper, better, in a different way than your competitors.
  • If the current performance of the process is poor compared to benchmarks.
  • If your customers frequently complain about the process, expectations have increased and changed.
  • If the cycle time of the process is too long, it is necessary to increase efficiency, reduce costs.
  • If new technologies have emerged and new possibilities have come to the fore.

It means that the need for improvement in your processes has arisen and is waiting for a solution.

We, as Teolupus, help you define, document, measure and evaluate your processes when you feel the need for management with a process perspective, and also help you to improve them in accordance with your strategy and business plans at the most affordable cost for you when you feel the need for improvement due to the reasons mentioned above.

Frequently Asked Questions

What is Enterprise Risk Management?

Enterprise risk management can be defined as all processes that include identifying risks to the reputation, mission and strategies of the institution, identifying those responsible, creating action plans to reduce their effects, monitoring and reviewing developments.

What does Enterprise Risk Management do?

Enterprise risk management deals with the risks that affect the creation and maintenance of corporate value. Enables the strategic identification, analysis and evaluation of risks across the entire enterprise and the creation of a risk profile.

What are the risk management processes?

The risk management process consists of five interdependent process steps. These steps include: defining the risk, assessing and calculating the risk, choosing among alternative risk correction tools, implementing the selected alternatives, evaluation and control processes.

We Work in Alignment with Your Mission, Goals, and Strategies

Bu gönderi şu adreste de mevcuttur: Türkçe