+ Risk Management
A four day study with a major hospitality and fitness center provider identified cash management process risk. The Adjunct risk scoring system helped management communicate the level and significance of the exposure. Changes in the process reduced the liability.
Executives are learning the hard way that uncontrolled risk has uncontrolled consequences. Adjunct uses proprietary tools to identify and quantify the levels of risk within your organization. The ARNie® - Adjunct Risk Number communicates relative risk and areas for attention. The same tools can also speed up and improve a due diligence process. Relative risk is key to the true value of an acquisition. Risk assesments also help Directors in their oversight responsibilities. Executives can use the findings to identify top performance and continually improve quality.
The world is increasingly regulated, litigious and competitive. In response, risk management techniques have become an important leadership practice. The Adjunct Enterprise Risk Management Model© guides a streamlined approach to risk assessment and reduction. Risk management and business experts work with clients in three areas:
Risk assessment
Review and evaluation of the nature of risk within the various components of the business. Risk is measured, weighted for significane and scored. The ARNie© (Adjunct Risk Number) provides an easy to understand and easy to communicate measure of risk. The process and reporting works for an individual function, several departments or the whole firm.
Risk management plan
Adjunct works with your in-house team to facilitate the creation of a risk management and reduction program. The application of selected risk treatments to priority liabilities results in reduced liability. Adjunct is also expert in the development of Disaster Recovery Plans (DRP). Our experts a years of experience in the planning that protects lives and your ability to operate.
Administration and monitoring
Implementing the program requires teamwork, project management and change management. As needed Adjunct can provide help with implementation and continuous review. Our training and coaching enable your team for improved evaluation and refinement of enterprise risk management decisions.
Due diligence and software forensics
To help understand, manage and mitigate risk in a transaction Adjunct provides due diligence services. The same tools that reveal risk also provide information vital to buyers and sellers. This service extends beyond traditional financial analysis in that Adjunct independently reviews and validates an organization’s people, processes, technologies and prospects. This provides assurance for management on both sides of a transaction.
An additional specialized due diligence service is the capability to review software for existing OpenSource or copyrighted code that may negatively impact intellectual property valuation. This forensics service rapidly reviews code for copyright and OpenSource intellectual property issues. A by-product of an appropriate desire to leverage, use restrictions or commitments attached to OpenSource can inadvertently eliminate the value in most proprietary code.
Adjunct’s tools were developed by the former CTO of PlaceWare. Having to go through painful and resource consuming due diligence processes, he created tools and guides that speed the process with greater completeness.
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