CASE STUDIES

IRM

DIGITIZING RISK MANAGEMENT FOR ETHICS AND COMPLIANCE USING SERVICENOW

INTRODUCTION

An effective IRM program is the key to a long-term success for any business by helping organizations steer clear of risks and making smarter business decisions. We have solved a similar business issue for a Global Nutrition Giant which operates in more than 90 countries across the world. Our Key activities for Risk Management were:

To determine what level of risk the organization is willing to accept? Get risk data in place and then determine what is acceptable.
To develop a risk management policy, through risk frameworks and risk statements.
To develop risk assessment and response procedures.
To implement controls to reduce your organization’s exposure to risk. Repeat on a regular interval.
To measure the risk exposure and improvements.

CHALLENGES

SCOPE OF THE PROJECT

Risk Process Workflow

Risk Statements

Qualitative Risk Assessments

This is risk assessment which was generated in the assess state to the respondent and so on, like respondent, ECO, VP, CCO. Based on the assessment choices risk score were generated.

SAMPLE ASSESSMENTS