A business risk management assessment is one that is made use of by a company to assess the capabilities of a risk management company. Many companies are hiring specialized risk management companies to study and provide solutions to the business risk faced by companies.
In such a situation it is essential that the competence and aptitude of a risk management company is assessed properly. This assessment precisely helps in evaluation of a risk management on various key parameters. A sample business risk management assessment is provided below for best use.
Sample Business Risk Management Assessment
Name of business risk management company ______________________________
Address of business risk management company ______________________________
Contact no of business risk management company ______________________________
Email id of business risk management company ______________________________
Please provide a rating for the parameters provided here in a lucid manner in the questions that follow :
1. Since how many years is your company engaged in providing risk management services?
2. What are the risk management assessments that your company undertakes from the following ones?
a. Strategic risk management
b. Operational risk management
c. Compliance risk management
d. Audit risk management
3. Does your company assess the risks faced by a company and then integrate them into strategic planning process?
4. Does your company undertake managing risk in business process by cushioning the key risk indicators into the business model?
5. Does your company take into account the infrastructure available with the company for assessment of risk well in advance?
6. Does your company evaluate the business risk in coordination with the annual performance goals set by the company?
7. Does your company do consistent measurement and integration of risk before implementation of key decisions taken by a company?