Traditional Risk Management focuses on preventing or reducing potential loses and on compensation for losses that do occur. Essentially it is mainly concerned with hazard and operational risk. Examples of traditional risk management may include reducing the risk of fire, property damage, vehicle fleet safety, avoiding lawsuits and the loss of key personnel.
Enterprise Risk Management
Enterprise Risk Management looks at all risks that an organization may face, regardless of the source or potential outcomes. Enterprise Risk Management includes traditional risk management but also look at financial, strategic and speculative risk. It considers all the potential losses an organization could face and potential opportunities that the organization may be able to capitalize on. Examples of Enterprise Risk Management include strategic direction, expanding into new markets, diversifying into new products, and capital risk.
- Risk Management
- Enterprise Risk Management
- Special Event Risk Management
- Risk Assessments and Audits
- Compliance Officers
- Compliance Audits
- Workplace Violence Risk Assessments