Risk Management

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Historically, many organisations manage risk within individual projects, divisions or departments. This approach limits the ability to communicate and manage risk across the organisation.

At Velrada, we help organisations adopt a more holistic approach that encompasses people, process, technology and culture where risk is part of the organisation's strategic plan and enables them to identify multi-dimensional risks that may impact the organisation meeting its objectives.


Managing Risks is not all about compliance it is also about identifying opportunities that create value. Risk also goes beyond the traditional financial and insurable risk into areas that many organisations have not fully developed including: information; health and safety; and environmental risks. Good risk management doesn't just allow an organisation to identify and avoid hazards; it allows organisations to creating value by seizing opportunities. 

Our Framework and Approach

Velrada's risk management framework is designed to relate risks back to the strategic and operational objectives of an organisation. We work with all levels of an organisation to understand their critical risks and appetite for risk. Subsequently, we re-aligning processes and design a structure to support enterprise risk management through an effective information- centric risk management methodology.  We help our clients embed their risk processes and behaviours into 'business as usual' activities to support an effective risk management culture.
 
Our approach to risk management is based on four key stages that are linked to an organisation's strategic objectives and drive value.
 
We work with the leading resource and engineering organisations across the country and local government agencies.

Our Experience and Expertise

Our experience and knowledge covers areas such as:

  • facilitation of risk workshops;
  • developing risk models that are fit for purpose;
  • designing enterprise risk processes that are simple and effective;
  • developing an organisation structure that supports enterprise risk management; and
  • knowledge of leading risk and incident management applications.

 

Our consultants are experienced in a range of risk tools including:

  • bowtie risk analysis;
  • scenario planning;
  • risk matrix;
  • root cause analysis;
  • cause and effect analysis; and
  • fault tree analysis.