Enterprise Risk

Risk is the uncertainty of an event occurring that could have an impact on the achievement of objectives. It is measured in terms of consequences and likelihood.

Queon approaches Risk Management as being 'Built in' rather than 'Bolt on'. Our focus is based on the fundamental risk objectives of all Enterprises:

  • Financial,

  • Infrastructure,

  • Reputational, and

  • Market Place.

Enterprise Objecives

Queon’s expects to benefit organizations via contributing to:

Financial; reduced cost of funding of capital; increased probability; accurate risk reporting and enhanced governance.

Infrastructure; competitive advantage; resilience; supplier and staff morale; risk and cost reduction.

Reputational; regulator compliance; protected organization brand; shareholder value; improved perception.

Market Place; opportunities maximized; market place presence; increased customer spend; lower rate of negative occurrences.

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Risk Audit

Queon’s conducts risk auditing to ensure that an Enterprise accounts properly to its executive or shareholders by presenting a true and fair reflection of its risk managed actions and Financial performance. The outcome is to ensure that the necessary internal controls are in place and monitored regularly and vigorously.

Risk Based Actions

Queon’s works with the organization's implementation of risk managed actions. These will be specific to the organization's function and the environment under which it operates. Actions will be many, tailored and specific.

Actions may be in response to:

  • Compliance

  • Hazards

  • Absence of control

  • Lost opportunity

Examples of some components may include:

  • Management Committees

  • Defined roles and responsibilities

  • Reporting

  • Budgeting and resourcing

  • Tools and techniques

  • Responding to incidents (including near misses)

  • Training and communications

Risk Management