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ENTERPRISE RISK MANAGEMENT ASSESSMENTS:

You probably already know most of the risks that face your organization. The key is understanding how adversely those risks can impact your organization and how to implement the most effective mitigation strategies to control those risks. There are those risks that aren't as obvious? Those are the risks that can devastate an organization. An enterprise risk assessment is a comprehensive way to identify those hidden risks that aren't as obvious. Think of your entity as a grassy open field. If you have ever seen such a field, you know it can be delightful. Now think about the obvious potential dangers. Clearly the open mineshaft should be noted and it's probably best to steer clear of that rusty wheat reaper. What about the dilapidated barn? You will need that barn and so there are precautions that you will take before entering. Well, it's the same with your entity. All organizations face risks and most of those risks are obvious (rusty wheat reapers). The risks should be noted and paired with the mitigation strategy that has been or will be put in place. But the analysis doesn't end there. As you run through that beautiful grassy field it might have seemed unlikely that you would step on a rake and suffer a nasty thwack to the head. It happens. HB Risk Management will look across your enterprise for the rusty wheat reapers and the hidden rakes that seem to come out of nowhere. The goal is to engage the stakeholders of your entity in a comprehensive and productive identification of the risks your entity faces, ranking of those risks, development and implementation of mitigation strategies to help you manage the risks and meet your goals.

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