From a purely business standpoint, the effectiveness of investing in risk reduction measures lies in ensuring that the savings from loss reduction surpass the total life cycle cost. Evaluating whether to enhance asset protection with added safeguards can be accomplished through financial examination of cash flow over time. Icarus-ORM is your trusted partner in navigating investment decisions, offering thorough cost-benefit analysis to guide you effectively.

Numerous operational risks exhibit a high degree of correlation, meaning the occurrence of one may trigger others simultaneously or shortly thereafter. SRM Advisor specializes in assisting companies in comprehending and delineating these risk correlations, crafting pertinent scenarios, and devising mitigation strategies to fortify organizational resilience. Our services extend to providing insights into financial ramifications, exposure to reputational harm, accidents, and safety concerns.

Enterprise Risk Management (ERM) is a comprehensive framework for addressing the volatility associated with many factors: overall operational and financial variables, expected trends in supply and demand, macroeconomic variables, and exposures to commodity prices, interest rates, exchange rates, and credit markets.

Operational Risk Management is a subset of Enterprise Risk Management.  Identifying operational risk between those caused by internal and external factors, and putting the right management team in place is the key to successfully implementing an effective risk management strategy.