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Strong risk and resilience capabilities can be the difference between those that thrive and those that fight to survive. Augmenting your ability to manage risk in an increasingly complex environment, with the help of expert ERM consulting, will provide you with a strategic advantage and better position you to respond to disruption in a seamless, coordinated and efficient manner.
Enterprise Risk Management is the overall management of the risks that an organization takes to achieve its strategic objectives.
While risk is a necessary cost of doing business, the enterprise risk management consulting team at PwC Canada can help you manage your risks by:
of business executives surveyed are increasing their overall spend on risk management technology.
are increasing overall spend on data analytics (75%), process automation (74%) and technology to support detection and monitoring of risks (72%).
credit consulting with Risk professionals as the key reason they make better decisions and achieve sustained outcomes.
How you benefit by engaging PwC Canada ERM consulting.
When successful, an ERM program integrates risk management principles and business strategy to deliver tangible benefits:
Our Strategic Risk Management Model is enabled by ERM consulting expertise gained through supporting thousands of clients across different business sectors.
Our enterprise risk management consulting team will deliver:
While technology has greatly evolved, many risk functions are built on legacy systems. In helping you develop a strategic risk management process, our enterprise risk management consulting team helps you:
Ultimately, our erm consulting services will enable you to form an accurate picture of risk and make informed business decisions.
Originally developed in 2004 by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), the COSO ERM—Integrated Framework is one of the most widely recognized and applied risk management frameworks in the world. After a decade of experience with the framework, COSO set out to update it to further address the alignment of risk, strategy and performance. COSO re-engaged PwC to serve as the project team. The 2017 updated framework is called Enterprise Risk Management—Integrating with Strategy and Performance.
At PwC Canada, we provide end to end enterprise risk management services including but not limited to the following:
A good starting point is to self-assess your ERM activities in order to determine where you are and how you could improve your program. Our ERM consulting professionals have developed an automated tool that is easy to use, very cost effective and efficient. The tool produces a detailed assessment report where the only input required from you is to fill in a survey. Our enterprise risk management consulting professionals then lead a workshop with you to review the results and discuss the next steps in your journey. If you would like to know more, please contact us.