Risk Management:

Framework for risk management

The overall objective of risk management is to help ensure a proper balance between creating value and avoiding accidents, damage and loss. Risk management will also contribute to our compliance with rules and regulations.

Proactima facilitates and develops governing principles and framework for risk management in the clients business. The framework addresses risk management in the functional line, from each project to business units.

The approach to risk management is anchored in the clients requirements and execution models, industry specific laws, regulations and standards and an international framework for risk management (ISO 31000 or COSO). Key elements in the framework for risk management can typically be:

  • Risk management objectives
  • Roles and responsibilities
  • Implementation of risk management
  • Risk matrices, consequence dimensions and decision criteria

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