WHY RISK MANAGEMENT?
Risk management is a valuable tool for public sector entities in general, but is essential during transitions. 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 public sector entities in transition. Our methodology realizes the greatest value where multiple government entities are preparing and enacting policies and when government entities are transacting with private sector entities during transitions. In these situations, our approach to public sector 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 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.
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.
CAN PRIVATE OR NON-GOVERNMENT ENTITIES USE SHP SERVICES?
SHP serves public sector entities exclusively. As our methodology also creates significant value for private entities and NGOs undergoing transitions, we have licensed the methodology to Tensegrity Partners LLC. Please visit TensegrityPartners.com for additional information.
WHERE DO SHP SERVICES FIT IN OUR BUDGET?
We engage directly with our 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.