Industry: Listed Mining Client

Industry: Listed Mining Client

The challenge

The company required a service provider to facilitate their annual strategic risk assessment.

Key aspects of our solution

• Desktop review of prior year operational and strategic risk registers and key business documents.
• Review and update of risk management framework.
• Stakeholder engagement conducted to identify operational and strategic risks.
• Facilitation of operational and strategic risk assessment sessions.
• Consolidation of operational risks and finalisation of operational and strategic risk registers (rated and prioritised to show top risks faced by the organisation in a heat map).
• Facilitation of board risk management training.
• Development of key risk indicators.

Value derived

• Updated operational and strategic risk registers including risk ratings, current risk mitigations and future controls to be implemented to further reduce risk exposure.
• Top ten risk profile to focus management and the board’s attention on the most critical risks faced by the organisation.
• Key risk indicators for enhanced monitoring of key group risks.
• Key risk profile for stakeholder reporting.
• Updated best practice risk management framework.