All organisations face continuous pressures and influences that make the achievement of organisational goals, and objectives uncertain. 

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Uncertainty exposes the organisation to risk. All processes, operations and plans of an organisation involve risk.

Risk Management is the process of identifying, assessing and prioritising these risks, followed by a coordinated and economical application of resources to minimise, monitor and control the probability and/or impact of unfortunate events.

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Risen Star Advisory can help you implement a risk management process that is relevant to your organisations needs and size of operations.

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Benefits to managing risks

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• Increase the likelihood of achieving objectives

• Encourage proactive management

• Improve the identification of opportunities and threats

• Improve financial reporting

• Improve organisation resilience

• Comply with relevant legal and regulatory requirements

• Establish a reliable basis for decision making and planning

• Improve controls

• Minimise losses

• Alter behaviours

• Improve governance