According to Committee of Sponsoring Organizations of the Treadway Commission COSO, risk management is: process, effected by an entity's board of directors, management and other personnel, designed to identify potential risk that may affect the company, manage risk to stay within the limits the organization is willing to take (risk appetite), and to provide reasonable assurance regarding the achievement of objectives.
Our approach includes:
- Risk management model
- Creating a risk register and risk matrix
- Risk assessment