RISK MANAGEMENT
What is Risk Management?
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Risk Management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives. - COSO
Why Manage Risks?
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“A prudent person foresees the danger ahead and takes precautions; the simpleton goes blindly on and suffers the consequences.” - King Solomon, Son of King David | Proverbs 22:3 and 27:12 (NLT)
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To lift an autumn hair is no sign of great strength; to see the sun and moon is no sign of sharp sight; to hear the noise of thunder is no sign of a quick ear. - Sun Tzu
We can help you to be prudent and succeed!
Christian Fusion Business Solutions (CFBS) is dedicated to help you succeed in achieving your most important objectives & goals by applying pertinent principles, methods & disciplines to enable you to exercise prudence by foreseeing the dangers that lie ahead along your path and give you the time & opportunity to think, plan and strategize appropriate actions to avert undesired consequences, thus enable you to effectively deal with uncertainty and dangers, including harnessing any underlying opportunities, if any, and enhance your capacity to build and optimize value creation. CFBS can help you, in many ways, to take heed of King Solomon’s words, whether you want these applied to your business &/or personal life. Some of these ways are as follows:
Risk Management
We can personally do the overall management of risks for you including its design, development, implementation &/or maintenance.
Risk Assessment
We can perform an assessment of pertinent risks, how are these being managed and the resulting residual risks.
Quick Diagnosis of Risks
We can perform an assessment of pertinent risks - identifying them for you &/or help you identify it.
Risk Management Assurance Review
We can perform an assurance review of your risk management processes including to determine whether it enables you to foresee the danger ahead and take precautions.
Risk Management Consultation
We can provide you advices regarding your risk management concerns, planning of appropriate and adequate actions, evaluating residual risks, etc.
Risk Management Training
We can train you how to apply the principles, methods & disciplines in managing risks.
Risk Management Systems &/or Solutions
In the future, we hope to be able to provide you with risk management systems &/or solutions.
~~~ In everything you do, put God first and He will crown your efforts with success! ~~~
Why CFBS?
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CFBS’ Risk Management will help you identify particular relevant events or circumstances, assess the dangers in terms of likelihood and magnitude of impact, determine response strategies, & monitor progress. Our principles, methods & disciplines when applied...
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Provide the rigor and enhanced capability to identify opportunities and risks the entity or individual faces in the pursuit of their objectives and goals and select appropriate responses to these opportunities and risks, allowing them to proactively seize opportunities and mitigate risks;
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Determine how much risks an entity or individual is prepared to and does accept as they strive to create value;
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Facilitate effective responses to the interrelated impacts, and integrated responses to multiple risks across the entity or the individual is facing;
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Allow the entity or individual to effectively assess overall capital needs and enhance capital allocation;
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Help avoid pitfalls and unwanted surprises that cause or consume significant time, energy & resources diverting the focus of the entity from its main objectives & goals and further prevents &/or reduces the negative impact of uncertainty &/or identified risks;
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Maximize value when management or individual sets strategy and objectives to strike an optimal balance between growth and return goals and related risks, and efficiently and effectively deploys resources in pursuit of the entity’s objectives;
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Provide reasonable assurance regarding the achievement of entity or individual objectives, i.e.
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Help ensure effective reporting and compliance with applicable laws and regulations;
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Help avoid damage to the entity’s reputation and associated consequences;
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Help management achieve the entity’s performance and profitability targets and prevent loss of resources.
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Help an entity get to where it wants to go avoiding unnecessary pitfalls and surprises along the way.
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Be prudent and contact us now for a FREE QUOTATION!
We’ll be glad to hear from you, including about your special or customize requirements.