Risk Management is the set of coordinated activities to direct and control an organisation with regard to risk. It is aimed at ensuring a balance between risk and opportunity so that the organisation’s objectives can be met. In this ever more interconnected and increasingly complex world, risk is no longer limited to just one company or jurisdiction and many existing risk management systems may actually be inadvertently exposing organisations to greater liabilities.
Traditionally organisations view risk management as an overhead cost. Oakton demonstrates to clients the effective way that risk management protects or enhances organisational value and achievement of objectives.
Oakton helps clients in public and private sectors, and educational institutions to make smarter risk decisions, and has done so for over 20 years. We assess the methods, definitions and goals according to the context of the risks being evaluated before advising on the most suitable and practical ways to manage risk, ensuring the greatest commercial potential within the most appropriate levels of compliance and regulation.
Through detailed consultation and workshops, Oakton assists clients identify the key objectives and activities of an organisation (the ‘what you are trying to achieve’ and ‘what you need to do to achieve it’), and develop a customised approach to managing the risks that may prevent clients from achieving success. Our expertise is advice on risk management at the enterprise (whole of organisation) level or the operational/project level or the integration of both.
In short, we improve the efficiency and reliability of the systems and processes for managing risk. To find out more about Oakton’s work in this capability area please contact Tom Hughes and Craig Geddes.