How to become a certified enterprise risk consultant and set up your risk consultancy

Risk is a component of daily life. Whether it is a supply chain, technology, infrastructure, airport security, housing, or hospital, there is a need for organisations to manage risks effectively to achieve their goals and objectives.

Risk management is the process of proactively identifying, analysing, and mitigating risks, which enables organisations to foresee emerging threats and develop strategies to minimise the impact. Whether it is the COVID-19 pandemic, the Ukraine-Russia war, the crisis in Sri Lanka or a series of external shocks that the world has witnessed over the years, including corporate governance issues or the 2008-09 financial crisis, organisations have learned the importance of holistic risk management, which goes above and beyond finance or insurance.

Consequently, Enterprise Risk Management (ERM) (which includes environmental, social, governance, geopolitical, technological, and financial risks) has emerged as one of the best opportunities in a world with increasing uncertainties and interconnected events.