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The
importance of recognizing and understanding Risks that can impact
your organization must be paramount in any operational endeavor.
The Rhiannon
Group believes that once you understand the risks you are exposed
to, you can then eliminate them from your operational process, establishing
solid contingency and business continuity processes.
Not identifying
and mitigating operational risks can:
- Create
vulnerability to
adverse situations, which could have been prevented
- Leave
the organization ill-prepared for
crisis situations when they do occur
- Increase
operating costs, as an effect of realized risks
- Negatively
affect
company reputation, products and share price
- Expose
organization to unfavorable criticism and harmful media coverage
- Reveal
lack of operating procedures to perform satisfactorily
- Increase
government regulation
- Result
in “knee-jerk”
reactions
to situations, leading to greater costs
- Generate
frustration and mistrust among personnel
- Pose
physical
threats to personnel and facility
- Poorly
impact relationships with key affected stakeholders
- Increase
exposure to negative litigation
Results
from active risk identification and mitigation include:
- Prevention
of high risk situations from impacting the organization
- Limited
operational impact from unexpected and adverse situations
- Decreased
costs
and
inefficiencies throughout the organization
- Foundation
of business continuity and contingency planning processes
- Improved
understanding
of overall operations by personnel and external partners
- Increased
confidence of staff, clients and shareholders
- Validation
that existing operational structures are equipped to deliver performance
- Introduction
of standardized, approved responses to operational challenges
- Creation
of effective communications throughout organization
The
Rhiannon Group will identify and reduce the risks within your organization
by:
- Assessing
and
evaluating internal operations
plans
- Initiating
feedback and observations from key management personnel and operational
partners
- Creating
a risk analysis model of your industry - past, present and future
- Providing
a greater ability to anticipate situations before they develop
- Categorizing
risks to allow more effective Executive Management
- Limiting
negative impact incidents can have on your organization
- Streamlining
operational
processes to create
efficiencies
and identify shortfalls
- Developing
Contingency and Business Continuity plans, to deal with adverse
situations
- Creating
comprehensive communications structures and protocols
- Educating
and training staff,
to increase risk awareness and their ability to successfully deal
with risk when faced with the challenge
- Incremental
evaluation
and analysis of identified risks and potential impacts
- Creating
a risk eradication plan to be a constant work in progress throughout
the organization
The
Rhiannon group recognizes operational risk has to be accepted, understood
and addressed.
Through our
experiences on three different continents, we are experts at identifying
risk within operations and limiting potential impacts to our clients.
We work with your executive management team to create and understand
necessary solutions to potential problems, while ensuring your goals
and visions are always relevant to the project.
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