Arowana views Risk Management as an attitude that will need to be embedded in every initiative across an enterprise. This includes identifying, classifying, analysing, tracking and planning on contingencies or mitigation for the specific risks. Arowana has expert managers in this space to work on client enterprises and initiative to deliver a risk free solution.
Risk Management tends to be pre-emptive, Business Continuity Management (BCM) was invented to deal with the consequences of realized residual risks. The necessity to have BCM in place arises because the most unlikely events occur if given time. Risk Management and BCM are often mistakenly seen as rivals or overlapping practices. In fact these processes are so tightly tied together that such separation seems artificial. For example, the risk management process creates important inputs for the BCM (assets, impact assessments, etc). Risk Management also proposes applicable controls for the observed risks. Therefore, risk management covers several areas that are vital for the BCM process. |