Risk Assessment

Getting risk management ‘right’ is an essential part of good business management responsibility.

Phoenix BCP believes that risk management should be about practical steps and procedures to protect people and business from harm and suffering. Our aim to find a balance between the unrealistic objective of complete safety and bad management of risk that harms lives and damages businesses. We provide a generic framework for the risk management across all areas of the organisation – strategic, schedule, operational and project. It builds in all activities needed to identify and control the exposure to any type of risk which may have an impact on your business.

Phoenix BCP has fully integrated risk management in to the Business Continuity Planning process; this means it relates all areas of the enterprise where potential risks have been identified, and plays a major part in a business interruption recovery process.

We help develop and maintain best practices and compliance with ISO 9000 and other quality and operational directives to ensure your service levels do not suffer as a result of business interruption.

We assess and analyse all potential risks; risk factors can be categorised and documented to enable the correct prioritisation of actions to the different forms of risks identified. This process presents a clear view of the organisations risk profile, and provides the information for management to define the right response strategies for the best possible outcomes.

The correct strategy can be defined as:
 • Accept the risk
 • Reduce the risk
 • Transfer the risk
 • Remove the risk

As an organisation you may decide to accept the risk if the cost of removing it is prohibitive, or reduce the risk by introducing new or modified business practices, or remove it completely by completely changing the process where the risk is located.

Risk management is not a one-time exercise; continuous monitoring and improvements are essential to the success of your risk management programme.

In every event, Phoenix BCP can offer help and advice, or completely control the risk management process. Our consultants have a wealth of experience at both enterprise and small operation business levels, and can offer the highest quality of consultancy to ensure your risk management is complete and effective.

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