Business Risk Management.

The realization of benefits derived from a business initiative is dependent on the successful completion of one or more projects. The secret to the successful completion of a project is the management of Business Risk inherent in every project. Market Ridge has developed processes and tools to assist in identifying, classifying and managing business risk. Market Ridge's risk management processes are driven by business strategies and objectives; these are overlaid with the specific objectives of each business initiative, which are used to identify specific business risks. Each business risk is catalogued, and is scored on:

• The impact the risk poses to the business initiative
• The probability the risk will eventuate
• The organisation's effectiveness in managing the risk
• The degree of control that can be exercised

This provides the business with a risk management matrix, with impact and probability as one axis and manageability as the second axis. Market Ridge adds a time dimension to the risk management matrix to provide management with a risk profile and management agenda. Market Ridge consultants work with a client's key staff to build the risk profile and mitigation strategy. In addition, Market Ridge's consultants are able to provide ongoing business risk management services which together with our other services, ensure successful outcomes for our client's business initiatives and projects. To reduce the client's effort in assessing its risk profile, Market Ridge is able to provide experienced consultants and automated tools to assist in the risk identification, assessment and management processes.