Enterprise Risk Management System (ERMS)
Our Enterprise Risk Management System (ERMS) is a structured and comprehensive approach used by organizations to identify, assess, manage, and monitor risks that could impact the agency's ability to achieve objectives. ERMS works in conjunction with the Hall and Harrison Risk Management Principles to provide broad oversight to the organization.
Purpose of our ERMS System:
To help leadership make informed decisions, allocate resources wisely, and protect and create value for the organization by proactively managing personnel and opportunities for success.
Key Components of our ERMS System:
01.
Risk Identification – Use proven strategies to intervene at the earliest possible opportunity to support employee wellness, performance, and development, against external risks (e.g., financial, operational, reputational, legal).
02.
Risk Assessment – Evaluating the impact of identified risks. Challenges to employees' careers, advancement, public interactions, and financial implications due to civil litigation.
03.
Risk Response – Employing early intervention strategies, to avoid, mitigate, manage and in some cases accept risk.
04.
Dashboard Monitoring & Reporting – Continuously tracking risks, employee thresholds, and communicating real-time updates to stakeholders.
05.
Integration – Embedding risk management into strategy, planning, and daily operations.
