All businesses are different in how they operate. But the end goal remains the same- to achieve the desired result. With the changing external & internal environment, businesses are under constant pressure to maintain the effectiveness of their processes and controls. Any failure in executing or managing critical operations can impact the organization in the form of value & business interruptions.
Benefits of Risk Management Support Services:
What are the Risk Management Services MBG offers?
We provide a full range of Risk Management services, which address your Business & Process needs. This includes Process Documentation & Optimization, Process Implementation, and Compliance Testing.
1- Internal Audit Support: Internal Audit Support deals with various challenging environments led by regulatory changes, competitiveness, and various macro-economic factors.
Internal Audit Support responds in a variety of ways through balancing between real-time audits & post-implementation audits.
2- Operational Risk Review Assistance: Companies big and small have to deal with operational risks at every step they take. These risks may occur in domains such as employee conduct, processing & controls of business, and third parties to ethics and technology. Operational risk management is required to ensure that nothing cripples or hinders your business operations.
Operational Risk Review Assistance includes:
3- Enterprise Risk Management Services: Insights about risks emerging from the process should be an important input to the organization’s strategic plan. MBG identifies the elements and works with you through the process. This involves Strategy, Risk Identification, Risk assessment, Risk Response, Communication & Monitoring.
The basic services for ERM that MBG Covers under this section are:
4- Business Continuity Planning Support: A Business Continuity Plan (BCP) is a document that maps how a business will continue to operate during an unplanned service disruption. It acts as a source of reference at the time of a business continuity event or crisis and the blueprint for strategy and tactics to deal with the event or crisis.
We cover 3 basic aspects of BCP support:
5- Grant Utilization Review:
The basic services for Grant Utilization Review that MBG covers are:
6- KRA Verification: KRA verification is an important process for the seamless workflow in an organization. It lays down a proper plan-of-action for different departments, its employees and their key result areas. The verification is important from time and again to ensure that all the key matrices are being met, as well as the required changes in the overall KRA is being implemented and carried out within the stipulated timeframe.
To know more about our Risk Advisory Services browse the below section-
Stay one step ahead in a rapidly changing world and build a sustainable future with us.
December 14, 2020
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