{"id":47,"date":"2023-06-05T07:01:00","date_gmt":"2023-06-05T07:01:00","guid":{"rendered":"https:\/\/sentinelafricaconsulting.com\/?page_id=47"},"modified":"2026-05-10T20:19:37","modified_gmt":"2026-05-10T17:19:37","slug":"enterprise-risk-management","status":"publish","type":"page","link":"https:\/\/sentinelafricaconsulting.com\/?page_id=47","title":{"rendered":"Enterprise Risk Management"},"content":{"rendered":"\n

Leading organizations understand that risk is a source of competitive advantage. By managing risk more effectively, these organizations unleash their full potential, creating and protecting value for all their stakeholders. <\/p>\n\n\n\n

ISO 31000:2018 is one of the leading frameworks in the implementation of Risk Management and provides principles, a framework, and a process for managing risk. It can be used by any organization regardless of its size, activity, or sector. It helps organizations increase the likelihood of achieving objectives, improve the identification of opportunities and threats, and effectively allocate and use resources for risk treatment The process, as defined by ISO 31000, is \u201cmulti-step and iterative; designed to identify and analyze risks in the organizational context.\u201d Major elements of the Process, as seen in the diagram below, include.<\/p>\n\n\n\n

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ISO 31000 Risk Management Principles, Framework & Process<\/strong><\/h3>\n\n\n\n
\"Risk<\/figure>
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Every risk should have one or two things that you measure to determine how it\u2019s performing. These measures need goals and should be measured on a regular schedule.<\/p>\n<\/div><\/div>\n\n\n\n

Our Approach<\/a><\/h2>\n\n\n\n

In carrying out our engagements, Sentinel Africa utilizes a 4-phase Project Management Approach to ensure that the Enterprise Risk Management Framework is developed and implemented in a systematic manner that will enable it to successfully meet client’s requirements and expectations.<\/p>\n\n\n\n