Risk Management Process Consulting  View Chart

Contact:  Greg Richey,  MS, CIH, CSP, CPEA, Principal
E-mail: richey@colden.com 

Colden Risk Professionals recognize that risk management is not only essential, it is crucial in today’s business.  Colden Risk Professionals provide guidance on each step of the process for a proactive risk management plan. 

Risk Identification and Assessments

Colden Risk Professionals will perform a detailed risk identification and assessment profile for your organization.Since identified risks may have varying impact on the organization, not all risks carry the prospect of loss or damage. During the risk identification process, further risk opportunities may arise, as types of risk with positive impact or outcomes are identified.

Colden provides risk metrics which will rank the risks of your business and the priority of treatments and mitigation.

Risk Treatments

Having identified and evaluated your risks, Colden Risk Professionals will provide guidance on steps involved with the identification of appropriate actions for managing these risks, the evaluation and assessment of their results or impact, and the specification and implementation of treatment plans. Examples of treatment strategies are:

Avoidance       Retention       Mitigation      Transfer

Avoidance- Not performing the activity that would carry the risk

Retention- Accepting the loss when it occurs

Mitigation- Efforts taken to reduce either the probability or consequences of a threat

Transfer- Means by which another party accept the risk (usually by contract)

Risk Mitigation Plan Assistance

Colden Risk Professionals will develop a Risk Mitigation Plan for your company that will define processes that are built into the controls environment, such as policies, frameworks, and accountabilities to lower the residual risks and soften the impact and severity of identified risks.

Risk Communications, Monitor and Review

Colden Risk Professionals will provide assistance on effective risk communication providing guidence on both written and verbal communitcation. In addition, we offer multiple options on how to monitor and review your risk management program.