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Business Risk Assessment Surveys
Gain Information and Insight for Managing and Reducing Risk
Running a company is a risky proposition. Too much risk can be very costly, particularly when things go wrong. Too little risk can also be very costly, especially when smart risks are being avoided or too much money is being spent to limit risks.
Significant risks are often hidden or ignored by organizations. The best way to identify and assess these hidden and ignored risks is to survey managers at all levels of the organization. Quantisoft's Business Risk Assessment Surveys collect risk information and insight from managers and consolidate it by business unit and organization-wide.
Companies need a clearer understanding of the risks they are taking to protect the physical, financial, human and intellectual assets of their companies. The main goal is not to eliminate uncertainty. Instead, it is to be proactive in assessing and managing risk for your company's advantage.
Risk assessment surveys are a critical tool for any successful risk management process. It is all about identifying, assessing and managing a wide range of risks at acceptable levels.
What risks does your organization face? How do you know?
The Problem facing many organizations today
- Complex and broad risks threatening your business
- Limited tools and processes to assess risk
- Failure to identify and act on risks until it is too late
- Overspending to avoid risks
- Missed opportunities and profit due to excessive risk avoidance
- Losses due to risk failure
The Solution
- Quantisoft's Risk Assessment Web Surveys provide the solutions you need for assessing and managing risk at appropriate levels
- Gather information and insight from managers and decision makers across your company
- Connect the dots to understand where to focus risk initiatives
- Hone in on your organization's specific risk assessment needs
- Collect suggestions for identifying and managing risk
- Our standard Business Risk Assessment Survey includes 58 risk questions in the following 6 risk categories. We can customize the questions to meet your company's special needs:
- External Risks
- Operational Risks
- Financial Risks
- Sales, Marketing and Products/Services Risks
- Human Resources and Organizational Effectiveness Risks
- Management Risks
Business Risk Assessment Survey Metrics
Identifying and assessing risks and then managing the risks at appropriate levels can significantly increase profit and make earnings more predictable and consistent. For example, a few of the many risks that can be identified, assessed and managed using Quantisoft's Business Risk Surveys include:
- Risk of costly legal suits from employees, customers and competitors
- Reputational risk
- Competitor risk
- Accounting risk
- Investment risk
- Economy risk
- Customer risk (risk of losing customers, dependence on key customers)
- Insurance risk (too much or too little insurance)
- Business decision risk
- Risk of employee turnover
- Hiring risk
- Product risk / service portfolio risk
- Innovation / product development risk
- Risk of lost business due to product and service problems
- Business interruption risk / continuity risk
- Capacity utilization risk / availability risk
- Inventory risk
- Regulatory and legal compliance risk
- Fraud and theft risk
- Environmental risk
- Weather risk
- Health and safety risk
- Supplier risk
- Outsourcing risk
- Technology risk
- Information risk
- Bias, diversity and abuse risk
- Management and key employee succession risk
- Fiduciary risk
- Facilities risk
Benefits of Quantisoft's Business Risk Assessment Surveys
Quantisoft's business risk assessment surveys generate significant bottom-line benefits and a very strong payback:
- Reduce business risk uncertainty
- Protect shareholders, customers, management, employees, board members and the community from costly, embarrassing problems and catastrophic events that may threaten profit, reputation and survival
- Raise awareness of business risks across the organization
- Measure the importance and risk levels of each risk criteria in each business unit and across the organization, and track risk trends
- Reduce costs
- Increase revenue through smart risk-taking
- Risk survey comments and suggestions identify actions for achieving breakthrough improvements
- Identify hidden risks and possible solutions
- Create a roadmap for making breakthrough improvements in risk levels
- Focus managers' energies on the highest payback risk management opportunities
- Manage risk more effectively
- Strengthen the culture of risk management collaboration and change
- Facilitate smart risk-taking
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