Consulting

Operational Risk Assessment

We understand your existing processes and workflow. At LOGiQ³, our Operational Risk Assessments are designed to help you answer questions such as: Is our business adequately controlled? Is the current business and process flow the most efficient it can be? What procedures can we add in order to improve the processes and controls currently in place? What can we eliminate? How do we compare to our peers in the industry? Our objective is to help you develop the most efficient process and workflow and, in addition provide you with the ability to measure, cost and manage it going forward.

The scope and method of each Operational Risk Assessment may vary, depending on your business objectives and needs. Our reviews can extend across all functions in your organization and geographical regions. They can range from weeks to months. Our approach is two parts: process reviews and staff interviews. We believe this combination gives us the ability to truly understand not only the processes but the "pulse" of an organization.

The output of each engagement is an independent assessment of the people, systems and processes currently involved within your operations and recommendations and solutions for improvement in each function. We can further implement suggested solutions on request of the client.