Enterprise Risk Management (ERM)

ISO 31000 Consulting Overview

We offer comprehensive ISO 31000 consulting and implementation support, which involves understanding the organization’s context, mapping enterprise risks, prioritizing risks, conducting risk assessments, providing risk management options, implementing a risk dashboard, enforcing controls, offering policy/documentation support, providing training and coaching for chief risk officers, teams, and employees, conducting internal audits, and facilitating management reviews.

ERM | Onsecc

WHAT IS ERM?

ERM stands for Enterprise Risk Management. It is a framework and process used by organizations to identify, assess, and prioritize risks in a comprehensive and integrated manner. ERM involves identifying risks that could affect the achievement of an organization’s objectives, evaluating the likelihood and impact of those risks, and implementing strategies to manage or mitigate them. The goal of ERM is to provide a holistic view of an organization’s risk profile and to enable better decision-making to achieve its objectives.

ERM | Onsecc

Our Approach to Successful ERM Implementation

  1. Establishing Context: Understand the internal, external and risk management context of the organization.

  2. Identifying Risks: Document the material threats to the organization’s objectives and areas for competitive advantage.

  3. Analyzing/Quantifying Risks: Calibrate and create probability distributions of outcomes for each material risk.

  4. Integrating Risks: Aggregate all risk distributions, reflecting correlations and portfolio effects, and formulate the results in terms of impact on key performance metrics.

  5. Assessing/Prioritizing Risks: Determine the contribution of each risk to the aggregate risk profile, and prioritize appropriately.

  6. Treating/Exploiting Risks: Develop strategies for controlling and exploiting various risks.

  7. Monitoring and Reviewing: Continuously measure and monitor the risk environment and the performance of risk management strategies.

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Training

We offer bespoke training sessions ranging from 1 hour to 3 days, covering ISO 27001 requirements interpretation, awareness, internal audit, and implementation with hands-on exercises. Contact us for further details.

Documentation Toolkit

We offer ISO 27001 documentation templates aligned with all requirements, based on our consulting experience. Our project tracking tools and Q&A support facilitate the implementation. Contact us for further details.

Internal Audit

Our internal audit methodology assesses people, processes, technology, and measurements to provide a comprehensive analysis of ISO 27001 compliance in 3-5 days. Contact us for further details.

Risk Assessment

We have a comprehensive risk assessment methodology that covers all HIPAA requirements, including ePHI infrastructure, users, information assets, network services, policies and procedures, and breach response procedures. Contact us to learn more, and we'll provide further details upon request.

Program Management

Our ISO 27001 program management service enables businesses to outsource compliance responsibility and focus on customer delivery. Contact us for further details on our consulting methodology.