Today, businesses across all industries encounter various types of risks such as operational and financial risks. These risks, if not managed properly, can impact the organization’s bottom line. To carry out a risk analysis, businesses will need to analyze possible...
Realizing Savings in Operational Cost by $2.7 Million for an Oil and Gas Company | Operational Risk Analysis Engagement
Operational Risk Analysis for the Oil and Gas Industry Although the oil and gas industry contributes significantly towards the national GDP, factors such as market volatility and fluctuating oil prices are exposing oil and gas companies to a variety of operational and...
How to Increase the Efficiency of Your Risk and Compliance Management Strategy By 50%
The proliferation of new business processes and the changing government rules and regulations around the globe are posing challenges for small and big companies alike. However, many companies still rely on an old-school approach when it comes to risk and compliance...
5 Steps to Sustainable Digital Risk Management
Digital risk management is the next step in enterprise risk and security for organizations that increasingly rely on digital processes to run their businesses. Digital risk has a long-term effect on the initiatives, decisions, and actions of an organization....
4 Reasons Why You Should Improve Operational Risk Management in Manufacturing
Basically, risks are of different types and many of them are braided together like reputational risks, financial risks, operational risks, third-party or supply chain risks, legal or compliance risks, and several others. Operational risks, generally, are viewed...