What is Risk Management

The forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimise their impact.

Integrated experience in a number of cases

Project Closure involves releasing the final deliverables to the customer, handing over project documentation, terminating supplier contracts, releasing project resources and communicating the closure of the project to all stakeholders. The last remaining step is to undertake a Post Implementation Review to quantify the overall success of the project and list any lessons learnt for future projects.
The following sections provide a more detailed description of each phase and list document templates which provide the Project Manager with guidance on how to complete each phase successfully.

Charles JV Williams

Chief Executive Officer, Facet Underwriting

“I have known Tomas for nearly 25 years now since we were both at the start of our careers in the insurance industry and I helped him and the company he worked for (Ackermans SA ) to be appointed as Lloyd’s correspondents in Belgium. I have had the pleasure of visiting him numerous times in Antwerp over the years and he in turn has been over to see me in London. As a result of which we have become very firm friends. He is an honest, kind and extremely decent person. He is also entrepreneurial in his approach to business in his own unique way and I would recommend him to anyone who is looking to do business with him.”

Testimonial

1

OFFICE

346

ADVICE GIVEN

30

YEARS OF EXPERIENCE

At the end of 2009, the new standard for risk management, ISO 31000, was published. On the one hand, ISO 31000 offers a general framework for organisations that wish to put risk management into practice in the broadest sense, and on the other hand it serves as an umbrella for all kinds of sector-specific and subject-specific ISO standards in the field of risk management. ISO 31000 is primarily a framework and certification to this standard is not possible. Risk management is part of all kinds of management systems that organisations may or may not formally use. Often, these management systems are islands within the organisation, whereby usually only ISO 9001 for quality really impacts the entire organisation. In order to achieve integration of the various management systems, a framework for risk management was highly desirable.

ISO 31000

Have a challenging case? Get a free consultation by our experts