Risk System
The increasingly complex nature of risks and the velocity and magnitude of change events are primary risk challenges confronting today’s C-suite and board leaders. New risk management practices and competencies are required at both management and oversight levels.
The Solomon365 platform features three risk modules that build sequentially to help an organization increase risk intelligence and develop holistic-yet-agile risk management practices.
RISKcoordination™
Increase risk intelligence by coordinating risk perspectives and processes.
BUSINESScollaboration™
Inform risk decisions by simplifying connections among risk, strategy and operations.
MONITORINGintegration™
Enhance risk agility by integrating perspectives of key business monitoring disciplines.
These three risk modules follow a straightforward 5-step equipping process.
STEP 1: Orient
Identify participants and introduce them to the Solomon365 module deliverables and 5-step process.
STEP 2: Assess
Evaluate current risk management practices against leading and emerging practices, via an online diagnostic.
STEP 3: Analyze
Discuss aggregated responses and develop a baseline, consensus view.
STEP 4: Prioritize
Identify and prioritize key improvement needs—both short and longer-term.
STEP 5: Improve
Develop a customized improvement plan based on best practice options and leverage customized roadmaps and action plans (complete with timelines, assignments and metrics) to drive improvements and outcomes.