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RISK
MANAGEMENT :
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Why
is risk becoming so important today?
Risk has been with us since
the beginning of the human race.
Why is it that addressing, comprehending,
analyzing and managing it has become
so important today. The most important
reason for the increased importance
of risk in our lives is that we
have now started appreciating the
fact that uncertainty and the resultant
negative impact of risk are growing
with globalization. Risk is becoming
more important than ever before
because changes are so rapid and
all pervasive that it requires preparedness
and quick reflexes to launch pre-emptive
moves to counter emerging, altered,
scenarios.
Strategic
Risk Management
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"Risk management
is the process by which executive
management, under board supervision,
identifies the risk arising
from the business and establishes
the priorities for control and
particular objectives..."
- The Cadbury Report, 1992. |
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There
is still no general agreement
on where the boundaries of the
subject lie, and a satisfactory
definition of Risk Management
is notoriously difficult to
formulate. For practical purposes,
therefore, the emphasis of risk
management tends to be on risk
awareness, assessment and mitigation
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Risk
Management consists, basically,
in altering in a desirable manner
the states a system may reach
and their probabilities or manages
their consequences. |
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Risk is a word of many meanings.
It means different things to
different people. |
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Risk
is an issue that could impact
(may be impair) your ability
to meet your objectives". |
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Risk
Management must be actively
and continuously promoted throughout
the organization. |
Services Rendered
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Awareness
Training & Orientation |
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Gap
Assessment |
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Risk
Identification |
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Risk Assessment
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Impact Measurement |
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Mitigation Strategies/
Risk Treatment |
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Managing Risks |
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KCPL offers one-stop "knowledge
partner and mentoring" solutions,
providing end to end services for development
of Policies, Procedures, Implementing
Systems, Training, Evaluation and Certification
of ISO based systems, Information Systems,
Cost Systems, MIS, Assurance & Certifications,
Valuations & a host of other areas
of discipline. |
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The Company
has a multidisciplinary team of professionals
employed and retained on consultancy
basis consisting of - Certified Information
Systems Auditors (CISA's), Certified
Fraud Examiners (CFE's), Cerified Information
Security Managers (CISMs), Chartered
Accountants, Management Consultants,
Cost Accountants, ISO Consultants, Lead
Auditors & Professionals, Doctors,
Software Programmers & Networking
professionals and other professionals. |
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