Risk Management and Crisis control

Controlling the Risk factor is one of the most significant parts of corporation. Even many companies think of restructuring the association arrangement or making mind for cost cutting throughout dissimilar techniques like lessen the figure of manpower or outsourcing the work but if these subject can be managed at appropriate time, it not simply put aside the company from blackout but also reduces the defeat incurred.

Similarly, many of these clients have found that the restructuring of their organizations or the continually changing situation in the area, have left them inadequately prepared to face incidents in far-away locations or crossways their association, with potentially devastating penalty for their standing and their operations. Control Risks’ information and knowledge in crisis organization and planning has enabled us to assess, develop or inform, and implement enterprise-wide crisis association and business continuity plans and teams in parallel with the risk organization tools for these clients. Risk and Calamity Management Case Study – India and the Caribbean Faced with growing opposition, a leading telecommunications company with operations in numerous countries in the region and additional than $1bn in yearly revenues began reorganizing itself to assume a more centralized model. As a result, the company was in need of an enterprise-wide means to identify, track and manage its operational risks across the region, and to respond in a coherent manner to incidents that often threatened the company all together in several countries. Control Risks carried out a broad vulnerability study and risk evaluation of its operations and developed tools with the client to manage its risks enterprise-wide under the new structure. The risks that the client faced were prioritized and incorporated into a comprehensive treatment plan addressing the risks in order of importance, with corresponding mitigation strategies focusing on health and safety, security, organizational response and crisis flexibility.

Among the strategies implemented for the client were:
Enterprise-wide crisis organization and business continuity plans, including training in managing crises and in crisis infrastructure.

An internal reply line accessible to the client’s personnel crossways all of its operations 24/7 for incidents and security concerns.
Business intelligence (due diligence) concerning key suppliers.

Global risk and security organization policies and security guidelines.
Advice on recruiting and developing its local security and business permanence team.

A live, multinational crisis organization exercise, focusing on several of the client’s most pressing crisis risks.

The project has allowed the client’s senior organization to understand and manage the risks they face across their region in a complete and coherent manner. It has prepared the client to respond quickly and efficiently to potentially devastating crises. At last, it has allowed the client to reassure its auditors, shareholders, personnel and clientele that their interests are well sheltered.