Organisations of all kinds are being expected to get better at identifying, understanding and managing the risks they face. To varying degrees, all organisations are exposed to risks.Iconic Risk Management services include: Accounting Advisory Services, Financial Risk Management, Forensic, Internal Audit, Risk and Compliance services, IT Advisory. Our Risk Management consultancy process is summarised on the table below:
It is an iterative process that, with each cycle, can contribute progressively to organisational improvement by providing management with a greater insight into risks and their impact.
Risk management should be applied to all levels of the University, in both the strategic and operational contexts, to specific projects, decisions and recognised risk areas. Risk is 'the chance of something happening that will have an impact on objectives'. It is, therefore, important to understand the objectives of the University, work unit, project or your position, prior to attempting to analyse the risks.The process of making and implementing decisions that will minimize the adverse effects of accidental business losses on an organization.