Risk Management in Switzerland
Power outages, data corruption and hardware failures are among the everyday risks faced by Swiss businesses today. Fires, floods, strike action, terrorist attacks and natural disasters may be less common but still need to be considered as part of your risk management and disaster recovery activities in Switzerland. From extreme weather and pandemics to failure of a key supplier, Switzerland-based business continuity provider consultancy firm Resilience Guard’s risk management service helps you minimise the impact of risks you can foresee, as well as those you can’t. Using tried and tested management methodology, our consultants help you mitigate risks by putting flexible contingency plans in place to keep your business running uninterrupted.
Enterprise Risk Management
Good risk management doesn’t slow an organisation down — it helps it go faster.
Many organisations are not getting full value from their investments in risk management because their risk processes are disconnected and critical data and information are not shared. Resilience Guard helps clients understand and mitigate the risks they face in areas such as regulatory change, new legislation and threats to political instability.
By implementing Enterprise Risk Management (ERM) we can help to manage and optimise risks by strategically identifying, analysing, overseeing and monitoring the potential risks to an organisation. This approach enables a company to determine how much uncertainty and risk are acceptable to continue to add value to the organisation.
The Enterprise Risk Management services offered by Resilience Guard help organisations integrate risk management into their business’ strategic processes to enable them to take risks that create value as well as respond to and mitigate risks appropriately. We provide a range of services to help clients with their risk management issues including:
• Identification and prioritisation of enterprise-wide risks;
• Assessment of an organisation’s risk management capabilities;
• Development of the solutions, processes, and operational structures needed to build a robust and sustainable risk management programme;
• Designing, executing and supporting the use of enterprise risk management as a framework;
• Board education and awareness to help improve risk governance and oversight, whether or not the Board has established a formal risk committee.
ISO 31000 is the international standard for risk management. It provides comprehensive principles and guidelines to help organisations with their risk analysis and risk assessments. Whether your organisation is in the public, private or not-for-profit sector, it can benefit from ISO 31000 as the standard applies to most business continuity activities including planning, management operations, communication processes and disaster recovery in Switzerland.
While your company may already manage risk to some extent, the best practice recommendations contained in ISO 31000 were developed to improve management techniques and ensure safety and security in the workplace minimising risk. By implementing its principles and guidelines, ISO 31000 promises to help firms improve operational efficiency, governance and stakeholder confidence, while minimising losses.
A risk assessment looks at the likelihood and impact of a variety of risks that could cause a business interruption. As the first step in risk management we will assess these risks, starting with your most critical activities identified in the Business Impact Analysis. Threats may include:
- Loss of staff
- Loss of systems (IT, telephony and other communications)
- Loss of utilities (such as water, gas and electricity)
- Inability to access your premises
- Loss of a key supplier(s)
- Transport disruption
Our consultants will then evaluate the likelihood of the threat occurring and consider what practical arrangements can be put in place to prevent or reduce the risk. This culminates in a comprehensive risk management report on the threats, vulnerabilities and interdependencies identified, along with priorities for action.
Horizon scanning is a valuable tool in strategic decision-making, helping you identify emerging threats before they become a problem. By seeing ‘the big picture’organisations can plan ahead to improve their operational preparedness, develop robust strategies and decrease their risk exposure. We can help you establish a monitoring framework to identify and deal with potential threats as part of our risk management services. See more on crisis management.
Drawing on their considerable experience, our business continuity professionals are able to advise clients on Business Continuity legislation and best practice, factoring in additional Switzerland-specific requirements. We assess both internal and external factors – political, social and economic – before making pragmatic recommendations for action to mitigate risks.
Risk management and the law
The globalised business environment today requires firms to be aware of all statutory obligations, both local and international, that might apply. Failure to do so could mean even a minor misunderstanding or misjudgement leading to considerable financial losses that potentially bring into question a company’s viability. However, this area of civil law has spread considerably over the past few decades making keeping abreast of legislation an increasingly onerous task for organisations that operate across multiple regions.
Against this backdrop, Resilience Guard consultancy considers the legal consequences of failure to deliver goods or services as part of our approach to a business continuity project and ensure our services comply with all applicable legislation.
In the event of a business interruption, our legal team is able to advise customers’ in-house legal departments or their external advisers on potential legal issues that may arise as a result and help minimise their financial liability.
See more on our specialist business continuity services