Enterprise Risk Management
Enterprise risk management is, in essence, the latest name for an overall management approach to addressing business risks. Precursors to this term include corporate risk management, business risk management, holistic risk management, and integrated risk management. Enterprise risk management is defined as:
“The process by which organizations in all industries assess, control, exploit, finance and monitor risks from all sources for the purpose of increasing the organization’s short and long term value to its stakeholders.”
Until now, construction companies had three choices for controlling enterprise risk:
- Expend their own internal resources to train an existing employee to function as a Chief Risk Officer.
- Hire a new full time employee experienced in Enterprise Risk Management (ERM), at a significant cost to the company.
- Ignore some risk exposures altogether
Now there is a better option. Druml Group personnel have significant experience in the field of Enterprise Risk Management, with over a decade performing risk analyses and guiding companies down the path of total risk control. We currently supply the following services to improve contractors and help them reach their true profit-making potential:
- Outsourced Enterprise Risk Manager/Chief Risk Officer Functions
- On site risk assessments and analysis of quantitative and qualitative data
- Risk Control Implementations
- ERM Process Implementations
- Enterprise Risk Manager/CRO Training
Contact us today and we’ll design a program just for your company.