Risk Management Toolkit: Strategy, Framework and Best Practices
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The risk management toolkit, developed by ex-McKinsey, Deloitte, and BCG consultants, provides frameworks, tools, and templates to help organizations define and implement effective risk management strategies. It includes resources for identifying, assessing, and mitigating risks, ensuring that companies can achieve their strategic objectives while navigating complex initiatives. Over 200,000 professionals trust this toolkit to enhance their organizational performance and risk management capabilities.
Risk Management Toolkit: Strategy, Framework and Best Practices
- 3. Introduction • This Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants. It will help you define your risk management strategy, and easily identify, assess, prioritize and mitigate the key risks & issues of your project or company. It includes all the Frameworks, Tools & Templates to help your increase your risk management skills and the risk management capability of your company. • Join the 200,000+ Executives, Consultants & Entrepreneurs who are already leveraging our Management Consulting Toolkits to improve the performance of their organization and boost their own career. • If you have any questions, send us an email at [email protected] and one of our ex-McKinsey, Deloitte & BCG Management Consultants will get back to you within 2 business days. Aurelien Domont Management Consultant Domont Consulting Managing Director Domont Consulting 3
- 4. Context and key definitions Context Key definitions Risk management is an important function in organizations today. Companies undertake increasingly complex and ambitious initiatives, and those initiatives must be executed successfully, in an uncertain and often risky environment. Risk management is the culture, processes, and structures that are directed towards realizing potential opportunities, whilst managing adverse effects. A risk is a measure of the potential inability to achieve a goal or target within defined safety, cost, schedule, and technical constraints. A risk has two components: the likelihood of failing to achieve a particular outcome, and the consequence of failing to achieve it. A risk is a future event and can often be managed proactively. An issue is a risk that has occurred and has become a problem. It is an undesirable event that has occurred and its occurrence cannot be stopped or directly controlled. Risk assessment is the qualitative and/or quantitative evaluation of the likelihood and consequence of a risk occurring. Likelihood is the probability of a specified outcome. A closed risk is one that no longer exists (i.e., the risk has evolved into an issue or is no longer relevant), is no longer cost-effective to track, or has been mitigated. A risk owner is an individual to whom a risk is assigned. The risk owner is responsible and accountable for identifying, implementing, and tracking the risk mitigation strategy and actions. Domont Consulting 4
- 5. Benefits of risk management 1 Increase the likelihood of achieving the organization’s strategic and business objectives 2 Encourage a high standard of accountability at all levels of the organization 3 Support more effective decision making through better understanding of risk exposure 4 Create an environment that enables the organization to deliver timely services and meet performance objectives in an efficient and cost-effective manner 5 Safeguard the key assets of the organization: human, property, and reputation 6 Meet compliance and governance requirements Domont Consulting 5
- 6. Our ex-McKinsey, Deloitte & BCG consultants created a Risk Management Toolkit to help you achieve your organization’s strategic objectives Frameworks Tools Templates Step-by-step Tutorials Video Training Real-life Examples Best Practices Advice from tier-1 Management Consultants What’s inside the Toolkit? Who created the Toolkit? The Toolkit was created by former McKinsey, Deloitte & BCG management consultants. Number of professionals leveraging our Toolkits There are 200,000+ Executives, Consultants & Entrepreneurs leveraging our Toolkits to improve the performance of their organization. Trusted by small and large organizations Domont Consulting 6
- 7. Our Toolkit will help you fulfill multiple objectives The Risk Management Toolkit includes frameworks, tools, templates, tutorials, real-life examples, video training, and best practices to help you: • Define and implement your risk management strategy: (1) Summary of the corporate and business strategy, (2) Risk appetite, (3) Risk management capability maturity model, (4) Risk management mission, vision and values, (5) Strategic objectives & KPIs to reach our vision, (6) Roadmap to reach our strategic objectives, (7) Risk management team and budget, (8) Governance structure, (9) Guiding principles, (10) Framework to manage risk • Build a robust 6-step framework to manage risk: (1) Risk identification, (2) Risk assessment, (3) Risk prioritization, (4) Risk mitigation, (5) Risk closure and issue escalation, (6) Issue management • Easily identify, assess, and mitigate the key risks and issues of your project or company by leveraging our risk management framework, risk log, issue log, risk assessment matrix, and risk and issue dashboard • Prioritize your risks based on the potential impact of the risk and the probability of the risk to happen • Automatically calculate your number of high, medium, and low priority risks and issues with our risk and issue dashboard • Present a robust risk management approach and risk assessment overview to your board of directors, executive committee, or program manager • Get a high-level view of all your risks with our 3-by-3 risk prioritization matrix and 5-by-5 risk prioritization matrix • Engage your stakeholders effectively: (1) Stakeholder analysis, (2) Stakeholder engagement strategy, (3) Stakeholder engagement detailed plan Domont Consulting 7
- 8. Scope of the Risk Management Toolkit Strategic Risks Long term Operational Risks Short Term Project Risks Medium term Domont Consulting 8
- 9. The Toolkit includes 3 key sections that we have built and refined over the past 20 years through constant trial and error I. Risk Management Strategy II. Framework to manage risk 1. Summary of the corporate and business strategy 3. Risk Management Capability maturity model 4. Risk management mission, vision and values 5. Strategic objectives & KPIs to reach our vision 2. Risk appetite 6. Roadmap to reach our strategic objectives 8. Governance structure 9. Guiding principles 10. Framework to manage risk 7. Risk management team and budget 2. Risk assessment 3. Risk prioritization 4. Risk mitigation 5. Risk closure and issue escalation 6. Issue management • Risk types and examples • Tools to identify risks • Simple risk log in Powerpoint • Comprehensive risk log in Excel • Probability of the risk to happen • Potential impact of the risk • Risk value • 3 by 3 risk prioritization matrix in Powerpoint and Excel • 5 by 5 risk prioritization matrix in Powerpoint and Excel • Response options • Examples • Actions, deadlines and responsibilities • Dashboard • Risk closure • Issue escalation • Simple issue log in Powerpoint • Comprehensive issue log in Excel 1. Risk identification III. Stakeholder Engagement Domont Consulting 9
- 10. Small preview of the first section ‘Risk Management Strategy’ Domont Consulting 10
- 11. Small preview of the second section ‘Framework to manage risk’ Domont Consulting 11
- 12. Small preview of the third section ‘Stakeholder Engagement’ Domont Consulting 12
- 13. The Toolkit includes multiple PowerPoint slides, Excel sheets and Video training that you can download on your device immediately after purchase 130 editable PowerPoint slides* 13 Excel sheets* 7 minutes of Video training *Please note that the number of Powerpoint slides and Excel sheets listed is the number of unique slides and sheets. For example, a Powerpoint slide that has been duplicated to facilitate our clients’ understanding only counts for one slide 1. Overview and Approach 2. Risk Management Strategy 3. Framework to Manage Risk 4. Stakeholder Engagement Domont Consulting 13
- 14. Our Management Consulting Toolkits include 9 key benefits Improve the growth & efficiency of your organization by leveraging Management Consulting Toolkits created by ex-McKinsey, Deloitte & BCG Consultants. Make a great investment for your career & organization. It cost us US$8M+ over the past 10 years to create all our Toolkits. Get them for a fraction of this cost. Get a competitive advantage. It’s like hiring Management Consultants to create all the practical Frameworks, Tools & Templates you need. Get the job done quicker and never start from scratch again with our ready-made and fully editable Frameworks, Tools & Templates in Powerpoint & Excel. Improve the capabilities of your organization by learning how the Fortune 100 and Global Consulting Firms do it. Get free support and advice from our ex-McKinsey, Deloitte & BCG Management Consultants. Decrease your costs. Hiring tier-1 Consultants for a project would cost you $300k+. Way more expensive than our Toolkits, which will last you a lifetime! Become your organization’s subject matter expert and impress your stakeholders with world-class approaches to resolve common business problems. Don't reinvent the wheel. We have already worked 30,000+ hours over the past 10 years to create all the Management Consulting Toolkits you need. Domont Consulting 14
- 15. What our clients say about our Toolkits Click here to see more reviews > Domont Consulting 15
- 16. Join 200,000+ Executives, Consultants & Entrepreneurs leveraging our Toolkits to improve the performance of their organization Trusted by small and large organizations Customer satisfaction Number of countries leveraging our Toolkits 160+ Number of professionals leveraging our Toolkits 200,000+ 4.8 Daily rate of our ex-McKinsey, Deloitte and BCG Management Consultants $3k-$4k Domont Consulting 16
- 17. Interested in more than 1 Toolkit? Access all our Toolkits for half the price with our Gold Access Gold Access Click here to learn more Domont Consulting 17
- 18. Need additional help? Send us a brief and we’ll find you the right talent from our network of 500+ tier-1 Management Consultants Click here to send us a Project Brief Domont Consulting 18
- 19. This was just a small preview. www.domontconsulting.com