Enterprise Risk Management is a strategic, tactical and operational instrument to enhance and protect shareholder value while fulfilling regulatory obligations.

Enterprise Risk Management is a process, or framework, an organization can implement to come to a reasonable certainty that it’s strategic and derived objectives are achieved. Arowana’s Enterprise Risk Management enables an organization to change from managing risks in silos to another model where it is strategic in overall scope, viewing controls and risk initiatives in a coherent framework, thereby enhancing decision making and analysis to support growth.

Since 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 even very unlikely events will occur if given enough 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. However, the BCM process goes beyond risk management's preemptive approach and moves on from the assumption that the disaster will realize at some point.

Arowana’s expertise in implementing Risk Management framework and BCM has enabled its clients to realize the benefits in many ways including:

Reduced costs of compliance efforts

Increased availability of process and information systems

Cost-effective, coordinated and consistent BCM practice

Improved management of risk

Consistent assessments of environment