FAQ
WHY RISK MANAGEMENT?
Risk management is a valuable tool for organizations in general but is essential during disruption. When transitions cause increased uncertainty and limit resources, effective risk management is critical to successful outcomes. SHP has built on international best practices from ISO 31000 and COSO and developed a methodology that is specifically designed to benefit organizations in transition. Our methodology realizes the greatest value where multiple departments or subsidiaries are simultaneously preparing and enacting policies and when government entities are transacting with private sector entities during transitions. In these situations, our approach to risk management can improve policy design and implementation, create and protect value worth USD billions, reduce risk premiums, and avoid costly delays. This approach also benefits compliance, stakeholder management, performance and capacity development.
WHO ARE SHP'S TYPICAL CLIENTS?
Our government clients are government entities in countries undergoing significant reforms, that have recent natural resource discoveries or are in the midst of other country-wide disruptions from another source. They typically have a small number of highly committed and qualified staff that have enormous demands on their time. Institutions and staff are often in a period of transition. In all cases, our clients are managing demands from a myriad of stakeholders at a quickening pace.
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Our private sector clients are organizations with internal disruption or disruption in the environment or industry. Significant uncertainty exists both internally and externally and senior leadership acknowledges that risk management is an essential tool for success.
These are the clients we enjoy working with. Our methodology assists in integrating the cross-cutting issues and provides government managers with tools more efficiently and effectively execute their responsibilities. Our teams are flexible and can meet the clients unique and changing needs. We help our clients streamline their activities, improve control and shorten decision cycles and response times to stakeholders.
WHERE TO SHP SERVICES FIT IN OUR BUDGET?
We engage with our private sector clients through risk management, training, and consulting budgets, board meeting support, and retreat and team building activities.
We engage directly with our government clients through training and advisory services funded through ministry budgets, training funds, and grant programs. In addition, we work with our clients' auditors, legal counsel, and transaction advisers to enhance the value of these services to government operations. We also provide training services in partnership with national accounting institutes and societies.