Solutions - Risk Assessment

Risk assessment and management are two of the most important things you can do to ensure the survivability (and thrivability) of your business. Today’s world is filled with threats: competitors nip at your heels, accidents wait to happen, hackers want your data, and lawsuits lurk around the corner. We lack insight into the areas of our business that are at risk, and we lack the foresight to adequately plan for disaster.

Traditional risk assessment techniques typically include assessing a situation with a High, Medium or Low risk score, or perhaps using a 1-5 Likert scale. While these techniques may give an indication of risk, they typically provide insufficient insight into the risks and are often misleading if not outright wrong. Moreover, the traditional measurement techniques used in risk assessments – whether assessing business or project risk – tend to cluster things into large chunks that do not provide sufficient discrimination to be meaningful. These traditional techniques are often designed to be implemented by a lone analyst without gathering the richness of insight that a larger stakeholder or subject matter expert group might offer.

What we need is a solution to help us accurately identify and prioritize risks, and develop mitigation plans to ensure they are managed properly. We need solutions that can distinguish between one High Risk and another. And we need tools that help our teams collaborate and reach agreement on which risks are critical to address, and which are merely soft warnings.

At Synth Solutions we can help your team identify and prioritize your risks, then help you design and allocate a portfolio of mitigation projects to ensure your risks are successfully managed, and ultimately help you measure risk mitigation performance to ensure the job is done. Using our RiskSynth™ methodology, we take a systems approach to risk management that unites the identification and assessment processes with the mitigation planning, resource allocation, and risk performance management processes, to ensure that the full risk lifecycle is considered.

We offer several solutions to help your risk management process succeed:


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