Risk is the two-headed coin of business. Heightened risk accompanies strategic ambition and growth. Yet the management of risk produces competitive advantage.

While exposure to uncertainty is embedded in everything we do, an organisation’s ability to proactively identify and manage risk can ultimately create opportunity and value.

The overall level of risk faced by today’s businesses is increasing in the areas of technology, financial reporting, legal and regulatory frameworks, and physical security. Globalization, movement to lower cost economies and other international trends are also adding new risk factors.

Private and public sector organisations are being asked by a growing number of stakeholders to show evidence of a systematic approach to the identification, analysis, management, and ongoing monitoring of risk.