CRI’s comprehensive suite of governance and risk management services deliver bright solutions designed to protect your business.
We’ve all heard the famous quote, “The only constant in life is change.” And in today’s seemingly endless world of technological and regulatory change, it’s hard to keep up. The best idea regarding where to start is solid strategy clearly defining your objectives. Once the objectives are set, developing a risk management plan along with strong governance processes is critical to achieving objectives while simultaneously improving overall operational efficiencies. Why start here? Linking business objectives to risk and process allows you to take advantage of technology, information systems, and data (which are three keys now at the core of most businesses). And given the pressure from regulators—and customers themselves—to protect customer data, dealing with this challenge is a part of successfully operating a business.
Risk management is a four-step process:
STEP 1: Identify strategic objectives.
STEP 2: Pinpoint risks to meeting objectives.
STEP 3: Implement controls and processes to mitigate risk.
STEP 4: Assess and monitor risks and controls.
Our comprehensive suite of governance and risk management services is focused on shedding light regarding solutions to your needs throughout each of these steps.