isk is defined as the effect of uncertainty on objectives
Risk Management is a central part of any organisation's strategic and operational Management. It is the process whereby organisations methodically address the risk attaching to their functions with the goal of achieving sustained benefit within each function and accross the scope of all functions. Risk Management supports accountability, performance measurement and reward - thus promoting operational efficiency at all levels. This includes limiting the probability and/or impact of unfortunate events or to maximize the realisation of opportunities. It provides for an increased likelihood of achieving the organisations aims, objectives and priorities and assists in prioritising the allocation of organisational resources.
The Organisational Puzzle assist organisations in assuring that Risk Management is a continous and developing process which runs throughout the organisation's strategy and implementation of that strategy. We ensure that organisations methodically address all the risks surrounding the organisations past, present and in particular the future. We translate the strategy into tactical and operational objectives, assist in assigning responsibilities and monitoring of the plan. The process includes