Enhancing Organizational Resilience
Existential threats confronting companies today are multiplying – think of new competitors, regulatory complexity, supply chain fragility and cyber-threats, to name just a few. We help organizations manage risk from strategy setting to organizational culture to execution
Enterprise Risk Management (ERM) is an oversight tool for Management to enhance online and prior-to-fact capturing of strategic, operational, compliance, financial and external risks surrounding the business environment. In order to confidently provide the required risk information and assurances,
Protecting networks, computers and data
The acceleration of high-speed wireless internet connection, coupled with advances in processing technology, has led to the proliferation of data across all sectors — and for organizations of all sizes.
1. Cyber Assault security
Cybersecurity is an issue for every organization across the world, regardless of size or focus. Over the past decade it has moved from a technical specialism to a mainstream concern for individuals, businesses and government.
2. Data Management and Cloud Security
Every organization runs on data. Information that it generates internally, receives externally, and stores for the short or long-term. This data can relate to its own operations, its employees and partners, and its customers or users
3. Information Security
Internationally recognized ISO/IEC 27001 helps organizations manage and protect their information assets so that they remain safe and secure. You can continually review and refine the way you do this, not only for today, but also for the future
Our Business Continuity team will work with you during any phase of your program.
Whether you are getting started, need some help moving through the process, or want to restructure your program, we are here to help.
Our experienced team will review and improve your resiliency while engaging with your leadership as well as internal and external stakeholders. Our team has experience in developing, assessing, implementing, training and exercising plans. We will work with you to close identified gaps or opportunities for improvement.
We use industry best practices and appropriate standards (e.g. ISO22301 & AE/HSC/NCEMA 7000: 2012) to develop plans and identify potential gaps.
We provide a business continuity program focused on your organizations mission and goals.
Identifying, managing and reducing Supply Chain Risk
Identifying, managing and reducing supply chain risk (especially if you have thousands of suppliers) has perhaps never been as relevant as in today’s coronavirus and geo-political affected world.
In fact, in Procura’s “Covid-19 Procurement Impact” survey, 87% of respondents signified that they had experienced negative impacts to their supply chains, with key issues outlined ranging from supplier liquidity/insolvency to logistics availability.
Some of the top risks for your supply chain include:
- Natural disasters
- Geo-political events
- Environmental disasters / extreme weather events
- Data fraud, cyber-attacks or theft
- Biodiversity loss and ecosystem collapse
- Sustainability policy and process failures
- Financial downturns
- Reputational / brand concerns
- Regulatory requirements
- Shifting consumer trends
A renewed focus on risk management is therefore critical to ensure your business continuity and mitigate vulnerability in the face of various types of operational, financial, compliance and industry risks.
Procura Consulting are deep experts in global and regional Supply Chain Risk Management, with seasoned subject matter experts. We deliver supply chain optimisation, risk management and working capital programmes across any sector and industry.
Our Approach:
➺ Setting Up ERM Function: Understanding the organization and its culture. Setting up the ERM Function based on the assessment of risk. Create the function and guide the staff through awareness and training
➺ Conducting The Risk Assessment: Strategic, business and control level to identify the risks
➺ Risk Treatment and Risk Monitoring: Defining the Residual risks and setting up the controls for Risk Monitoring
Our Impacts:
➺ Early and more accurate visibility of changes in the risk landscape in areas that could materially impact corporate objectives, facilitating more timely and informed management intervention.
➺ Behaviours that generate competitive advantage, and the agility and flexibility needed to anticipate change and capitalize on opportunities.
➺ Reduced performance volatility and increased consistency in delivering objectives, which, combined with greater levels of transparency, engenders stakeholder confidence and potentially enhanced valuations.
➺ Development of a robust ERM framework that complies with ISO 31000:2018 Standard and COSO Framework enables you to comply with local, national, regional and international standards and risk related compliance awards.
➺ Increased awareness and understanding of the Board’s desired risk and reward trade-offs, driving decision making consistency throughout the organization.
Our Approach:
1. Data Management and Cloud Security:
Our Approach:
2. Information Security:
Our Approach:
Our Approach:
1. Business continuity framework
➺ Gap analysis and alignment support for ISO22301
➺ BCMS maintenance and continuous improvement
➺ Internal audits and reviews
2. Recovery and resilience support
➺ Recovery and resiliency plans and solutions
➺ Scenario walkthroughs, continuity exercises and testing
➺ Emergency planning, drills, and incident response
3. Planning/strategy development
➺ Business Continuity as a Service
➺ Business impact analysis/BIA workshops
➺ Risk assessment/BC test planning
4. Training and BCP Drills
➺ Tailored, in-house training based on your organization's needs
➺ BCP Drills
➺ Privacy and compliance education and awareness
Step 1. Identifying the Risks
➺ Determine the spend dedicated to each supplier in relation to their size/capability.
➺ Locate the supply base, and research the geopolitical context of their locations.
➺ Forecast the revenue dependent on these suppliers and their products/services.
➺ Assess if alternative qualified suppliers can supply if the primary supply fails.
➺ Determine if the supplier is able to meet production required for forecast sales.
Step 2. Managing and Prioritizing Risk
➺ Assess the risks through the likelihood and impact analysis
➺ Prioritize the risk based on risk tolerance
➺ Define the initial controls
➺ Assess the risks with the usage of the controls
➺ Calculate the Risk score
Step 3. Reducing the Risk
➺ Put in place contracts with agreed SLA’s and KPI’s with key suppliers.
➺ In the short term, use operational initiatives to reduce likelihood of shortages.
➺ In the long term, use strategic initiatives to reduce supplier dependencies.
➺ Ensure your comprehensive risk mitigation plan is effectively covering short-term, medium-term and long-term risks
➺ Ensure accountabilities on both sides are being maintained
➺ Continuously learn lessons and enhance your plans, risk register and communications to meet your current and future needs
| Project | Client | Impact to the organizaion |
|---|---|---|
|
Business Continuity Management System |
Government Sector in Fujairah |
Designed and implemented ISO 22301:2019 |
|
ISMS |
Government Sector in Fujairah |
Designed and implemented ISO 27001:2013 |
|
Business Resilience for COVID 19 |
Government Sector in Fujairah |
Developed Business Resilience for COVID 19. |
|
Business Continuity Management |
Distribution & Transmission Company in Abudhabi |
Restructuring the BCM System ,initiating BCP Drills etc |