Strategic Risk Management for Sustainable Business Security
Risk Management
Identify, assess, and manage risks with our tailored solutions.
- ✓Comprehensive risk analysis according to international standards
- ✓Tailored risk management strategies
- ✓Compliance-conform implementation and documentation
Your strategic success starts here
Our clients trust our expertise in digital transformation, compliance, and risk management
30 Minutes • Non-binding • Immediately available
For optimal preparation of your strategy session:
- Your strategic goals and objectives
- Desired business outcomes and ROI
- Steps already taken
Or contact us directly:
Certifications, Partners and more...
Professional Risk Management for Your Company
Our Strengths
- Expertise in international risk management standards
- Cross-industry experience in complex projects
- Combination of strategic consulting and practical implementation
⚠
Expert Tip
Integrate your risk management into existing management systems to leverage synergies and reduce implementation effort.
ADVISORI in Numbers
11+
Years of Experience
120+
Employees
520+
Projects
We accompany you with a structured approach in developing and implementing your risk management system.
Our Approach:
Comprehensive risk analysis and assessment
Development of tailored risk management strategies
Implementation, training, and continuous improvement
"Systematic risk management is no longer a luxury today, but a necessity for every company that wants to be sustainably successful."
Andreas Krekel
Head of Risk Management, Regulatory Reporting
Expertise & Experience:
10+ years of experience, SQL, R-Studio, BAIS-MSG, ABACUS, SAPBA, HPQC, JIRA, MS Office, SAS, Business Process Manager, IBM Operational Decision Management
Our Services
We offer you tailored solutions for your digital transformation
Risk Analysis & Assessment
Comprehensive identification and assessment of your business risks
- Systematic risk identification
- Qualitative and quantitative risk assessment
- Risk prioritization and aggregation
Risk Management Framework
Development of tailored risk management systems
- Framework design according to international standards
- Governance structures and processes
- Risk management policies and manuals
Risk Management Implementation
Practical implementation and integration into your business processes
- Implementation planning and change management
- Employee training and awareness
- Continuous improvement and monitoring
Frequently Asked Questions about Risk Management
What are the key components of an effective risk management system?
An effective risk management system consists of several integrated components:
🎯 Governance & Organizational Structure
•
Clear responsibilities and reporting lines for risk management
•
Integration of risk management into corporate governance
•
Establishment of a Three-Lines-of-Defense model for risk control
👥 Risk Strategy & Culture
•
Definition of the company's risk appetite and risk tolerance
•
Development of a risk-aware corporate culture
•
Integration of risk management into strategic decision-making processes
⚡ Risk Processes & Methods
•
Systematic risk identification and assessment
•
Development and implementation of risk control measures
•
Continuous risk monitoring and reporting
📊 Risk Technology & Tools
•
Implementation of risk management software
•
Data analysis and risk quantification
•
Dashboards and reporting tools for real-time risk monitoring
🎓 Risk Competence & Knowledge
•
Training and awareness of employees
•
Building risk management expertise
•
Knowledge management and best-practice sharing
Which international standards and frameworks are relevant for risk management?
Various standards and frameworks are relevant for professional risk management:
📜 ISO 31000• International standard for risk management principles and guidelines
•
Process-oriented approach with focus on continuous improvement
•
Applicable to organizations of all sizes and industries
🏢 COSO ERM Framework
•
Comprehensive framework for enterprise-wide risk management
•
Integration of risk management into strategy and performance
•
Focus on governance, culture, strategy, and monitoring
🔒 NIST Risk Management Framework
•
Specialized in information security and cybersecurity
•
Seven-step process from preparation to continuous monitoring
•
Particularly relevant for critical infrastructures
💻 ITIL Risk Management
•
Integration of risk management into IT service management
•
Focus on availability, continuity, and security of IT services
•
Process-oriented approach with service lifecycle perspective
⚖ ️ Regulatory Frameworks
•
KonTraG (German Corporate Control and Transparency Act)
•
Basel III/IV for financial institutions
•
Industry-specific regulations and compliance requirements
How can risks be effectively identified and assessed?
Systematic risk identification and assessment includes various methods:
🔍 Identification Methods
•
Structured workshops with subject matter experts and stakeholders
•
Checklists and risk catalogs for typical industry risks
•
Process analyses and value stream analyses to identify operational risks
📊 Qualitative Assessment Methods
•
Risk matrices for assessing probability of occurrence and impact
•
Delphi method for consolidating expert judgments
•
SWOT and PESTLE analyses for strategic risks
📈 Quantitative Assessment Methods
•
Monte Carlo simulations for complex risk scenarios
•
Value-at-Risk (VaR) calculations for financial risks
•
Failure Mode and Effects Analysis (FMEA) for process and product risks
🔄 Risk Aggregation
•
Correlation analyses between different risks
•
Scenario analyses for combined risks
•
Stress tests for extreme events and crisis situations
📱 Technology-Supported Methods
•
AI-based pattern recognition for emerging risks
•
Predictive analytics for risk forecasts
•
Real-time monitoring of risk indicators
What strategies exist for risk control and mitigation?
Various strategic options are available for risk control:
🛡 ️ Risk Avoidance
•
Refraining from risk-bearing activities or business areas
•
Exiting certain markets or product lines
•
Rejecting projects with unacceptable risk profiles
📉 Risk Reduction
•
Implementation of controls and security measures
•
Process optimization and quality management
•
Diversification of suppliers, customers, or products
🔄 Risk Transfer
•
Taking out insurance for insurable risks
•
Outsourcing risk-bearing activities to specialized service providers
•
Hedging strategies for financial risks
✅ Risk Acceptance
•
Conscious assumption of risks within risk tolerance
•
Formation of risk provisions for potential damages
•
Development of contingency plans for damage events
🔍 Risk Sharing
•
Joint ventures for distributing project risks
•
Consortium formation for large investments
•
Cooperations with partners for risk sharing
How do you integrate risk management into corporate culture?
Integrating risk management into corporate culture requires a holistic approach:
👑 Leadership and Role Modeling
•
Active commitment of top management to risk management
•
Role modeling by leaders in risk consideration
•
Integration of risk management into leadership decisions
📚 Training and Awareness
•
Regular training on risk management fundamentals
•
Workshops on applying risk management tools
•
Case studies and best-practice sharing
🎯 Incentive Systems
•
Integration of risk management goals into performance evaluations
•
Recognition for proactive risk management
•
Avoidance of incentives that lead to excessive risk-taking
📢 Communication
•
Transparent communication about risks and risk management
•
Regular updates on risk topics
•
Open error culture and learning from incidents
🔄 Process Integration
•
Integration of risk considerations into daily business processes
•
Risk management as part of project management and decision-making
•
Continuous improvement of risk management processes
What are the legal requirements for risk management in Germany?
Various legal requirements for risk management exist in Germany:
⚖ ️ KonTraG (German Corporate Control and Transparency Act)
•
Obligation to establish an early risk detection system
•
Primarily applies to publicly listed stock corporations
•
Focus on developments threatening the company's existence
📊 BilMoG (German Accounting Law Modernization Act)
•
Extended reporting obligations on risks in management reports
•
Requirements for internal control systems
•
Documentation obligations for risk management processes
🔗 Supply Chain Due Diligence Act
•
Obligation for risk analysis in global supply chains
•
Focus on human rights and environmental risks
•
Applies to companies with 3,
000 or more employees
🏦 Industry-Specific Regulations
•
MaRisk for banks and financial service providers
•
Solvency II for insurance companies
•
IT Security Act for critical infrastructures
🇪
🇺 EU Regulations
•
GDPR with requirements for data protection risk management
•
DORA (Digital Operational Resilience Act) for financial institutions
•
EU Taxonomy with sustainability risk reporting obligations
How do you measure the success and effectiveness of a risk management system?
Success measurement in risk management encompasses various dimensions:
📊 Quantitative Metrics
•
Reduction in incident frequency and severity
•
Improvement of risk metrics such as Value-at-Risk
•
Cost reduction in insurance premiums and compliance costs
🎯 Process-Oriented Metrics
•
Completeness of risk identification
•
Currency of risk assessments
•
Implementation level of risk measures
👥 Cultural Indicators
•
Risk awareness of employees
•
Integration of risk aspects into decision-making processes
•
Openness in risk communication
🔄 Maturity Models
•
Assessment based on established maturity models
•
Benchmarking with industry standards
•
Continuous improvement of maturity level
📈 Business Impact
•
Stability of business results
•
Reduction of volatility
•
Improvement of decision quality
How can technology support risk management?
Modern technologies are revolutionizing risk management in various areas:
💻 Risk Management Software
•
Central platforms for risk identification and assessment
•
Automated workflows for risk processes
•
Dashboards and reporting functions for real-time overview
🤖 Artificial Intelligence and Machine Learning
•
Predictive analytics for risk forecasts
•
Pattern recognition in large data volumes
•
Automated anomaly detection
📊 Big Data Analytics
•
Processing of structured and unstructured data
•
Correlation analyses between different risk factors
•
Real-time monitoring of risk indicators
🔗 Blockchain and Distributed Ledger
•
Transparent and tamper-proof documentation
•
Smart contracts for automated controls
•
Improved traceability in supply chains
☁ ️ Cloud-Based Solutions
•
Scalable infrastructure for risk management applications
•
Improved collaboration and data exchange
•
Disaster recovery and business continuity
How does risk management differ across various industries?
Risk management varies by industry in focus, methods, and regulation:
🏦 Financial Services
•
Focus on credit, market, and operational risks
•
Strict regulatory requirements (Basel III/IV, MaRisk)
•
Quantitative risk models and stress tests
🏭 Manufacturing Industry
•
Emphasis on supply chain and production risks
•
Quality and safety risks for products
•
FMEA and other technical risk assessment methods
🏥 Healthcare
•
Patient safety and clinical risks
•
Compliance with strict quality and safety standards
•
Risk management for medical devices and pharmaceuticals
🔌 Energy Supply
•
Focus on supply security and critical infrastructures
•
Environmental and safety risks in energy generation
•
Regulatory requirements for critical infrastructures
💻 Information Technology
•
Cybersecurity and data protection risks
•
Project risks in software development
•
Technological obsolescence and innovation risks
How do you integrate ESG risks into risk management?
Integrating ESG risks (Environmental, Social, Governance) requires a systematic approach:
🌱 Identification of ESG Risks
•
Climate change-related physical and transition risks
•
Social risks in supply chains and operations
•
Governance risks such as compliance and ethical behavior
📊 Assessment Methods
•
Scenario analyses for long-term climate risks
•
ESG ratings and benchmarking
•
Stakeholder analyses for reputational risks
🔄 Integration into Existing Processes
•
Extension of risk taxonomy to include ESG categories
•
Adaptation of risk assessment criteria
•
Integration into risk reporting
📈 Control Measures
•
Sustainability strategies for risk mitigation
•
Adaptation of business models and processes
•
Stakeholder engagement and transparency
📑 Reporting
•
Compliance with ESG reporting obligations (EU Taxonomy, CSRD)
•
Integration into financial reporting
•
Transparent communication with stakeholders
How do you develop an effective risk management plan?
An effective risk management plan is created through a structured process:
🎯 Fundamentals and Framework
•
Definition of objectives and scope of risk management
•
Establishment of roles and responsibilities
•
Determination of risk appetite and risk tolerance
🔍 Risk Identification and Assessment
•
Systematic identification of relevant risks
•
Assessment by probability of occurrence and impact
•
Prioritization of risks according to their significance
🛠 ️ Risk Control Measures
•
Development of strategies for risk treatment
•
Definition of concrete measures with responsibilities
•
Cost-benefit analysis of measures
📊 Monitoring and Reporting
•
Definition of risk indicators (KRIs)
•
Establishment of thresholds and escalation processes
•
Implementation of regular reporting formats
🔄 Review and Improvement
•
Regular review of effectiveness
•
Adaptation to changing framework conditions
•
Continuous improvement of the plan
How can cyber risks be effectively managed?
Managing cyber risks requires a comprehensive security approach:
🔒 Governance and Strategy
•
Development of a cybersecurity strategy
•
Establishment of responsibilities and reporting lines
•
Integration into enterprise-wide risk management
🛡 ️ Technical Protection Measures
•
Implementation of firewalls and intrusion detection systems
•
Encryption of sensitive data
•
Regular security updates and patch management
👥 Awareness and Training
•
Sensitization of employees to cybersecurity
•
Regular training on current threats
•
Phishing simulations and security awareness campaigns
🔍 Monitoring and Incident Response
•
Continuous monitoring of security events
•
Establishment of a Computer Emergency Response Team (CERT)
•
Incident response plans for security incidents
🔄 Continuous Improvement
•
Regular penetration tests and vulnerability analyses
•
Security audits and certifications
•
Lessons learned from security incidents
How does Enterprise Risk Management (ERM) differ from traditional risk management?
Enterprise Risk Management (ERM) differs from the traditional approach in several dimensions:
🌐 Holistic Approach
•
Enterprise-wide consideration instead of isolated risk areas
•
Integration of all risk categories into an overall picture
•
Consideration of interactions between risks
🎯 Strategic Alignment
•
Link with corporate objectives and strategy
•
Focus on value-oriented risk management
•
Consideration of opportunities alongside risks
👑 Governance and Culture
•
Anchoring in corporate management
•
Development of a risk-aware culture
•
Clear responsibilities at all levels
📊 Risk Quantification
•
Advanced methods for risk assessment
•
Aggregation of risks at enterprise level
•
Risk modeling and scenario analyses
🔄 Continuous Process
•
Integration into business processes and decision-making
•
Proactive rather than reactive approach
•
Continuous improvement and adaptation
How can supply chain risks be effectively managed?
Managing supply chain risks requires a multi-dimensional approach:
🔍 Risk Transparency
•
Mapping of the entire supply chain up to tier-n suppliers
•
Identification of critical components and single-source dependencies
•
Assessment of country and regional risks
📊 Risk Assessment
•
Assessment of supplier failure probability
•
Analysis of impacts on own production
•
Prioritization of critical suppliers and components
🛡 ️ Risk Mitigation Strategies
•
Diversification of suppliers for critical components
•
Building strategic inventory
•
Development of alternative sourcing options
📱 Technological Support
•
Real-time monitoring of supply chain risks
•
AI-based early warning systems for supply disruptions
•
Blockchain for transparency and traceability
🤝 Supplier Management
•
Risk-oriented supplier assessment and selection
•
Contract design with risk clauses
•
Collaborative approaches to risk mitigation
How can technology support risk management?
Modern technologies are revolutionizing risk management in various areas:
💻 Risk Management Software
•
Central platforms for risk identification and assessment
•
Automated workflows for risk processes
•
Dashboards and reporting functions for real-time overview
🤖 Artificial Intelligence and Machine Learning
•
Predictive analytics for risk forecasts
•
Pattern recognition in large data volumes
•
Automated anomaly detection
📊 Big Data Analytics
•
Processing of structured and unstructured data
•
Correlation analyses between different risk factors
•
Real-time monitoring of risk indicators
🔗 Blockchain and Distributed Ledger
•
Transparent and tamper-proof documentation
•
Smart contracts for automated controls
•
Improved traceability in supply chains
☁ ️ Cloud-Based Solutions
•
Scalable infrastructure for risk management applications
•
Improved collaboration and data exchange
•
Disaster recovery and business continuity
How does risk management differ across various industries?
Risk management varies by industry in focus, methods, and regulation:
🏦 Financial Services
•
Focus on credit, market, and operational risks
•
Strict regulatory requirements (Basel III/IV, MaRisk)
•
Quantitative risk models and stress tests
🏭 Manufacturing Industry
•
Emphasis on supply chain and production risks
•
Quality and safety risks for products
•
FMEA and other technical risk assessment methods
🏥 Healthcare
•
Patient safety and clinical risks
•
Compliance with strict quality and safety standards
•
Risk management for medical devices and pharmaceuticals
🔌 Energy Supply
•
Focus on supply security and critical infrastructures
•
Environmental and safety risks in energy generation
•
Regulatory requirements for critical infrastructures
💻 Information Technology
•
Cybersecurity and data protection risks
•
Project risks in software development
•
Technological obsolescence and innovation risks
How do you integrate ESG risks into risk management?
Integrating ESG risks (Environmental, Social, Governance) requires a systematic approach:
🌱 Identification of ESG Risks
•
Climate change-related physical and transition risks
•
Social risks in supply chains and operations
•
Governance risks such as compliance and ethical behavior
📊 Assessment Methods
•
Scenario analyses for long-term climate risks
•
ESG ratings and benchmarking
•
Stakeholder analyses for reputational risks
🔄 Integration into Existing Processes
•
Extension of risk taxonomy to include ESG categories
•
Adaptation of risk assessment criteria
•
Integration into risk reporting
📈 Control Measures
•
Sustainability strategies for risk mitigation
•
Adaptation of business models and processes
•
Stakeholder engagement and transparency
📑 Reporting
•
Compliance with ESG reporting obligations (EU Taxonomy, CSRD)
•
Integration into financial reporting
•
Transparent communication with stakeholders
How do you develop an effective risk management plan?
An effective risk management plan is created through a structured process:
🎯 Fundamentals and Framework
•
Definition of objectives and scope of risk management
•
Establishment of roles and responsibilities
•
Determination of risk appetite and risk tolerance
🔍 Risk Identification and Assessment
•
Systematic identification of relevant risks
•
Assessment by probability of occurrence and impact
•
Prioritization of risks according to their significance
🛠 ️ Risk Control Measures
•
Development of strategies for risk treatment
•
Definition of concrete measures with responsibilities
•
Cost-benefit analysis of measures
📊 Monitoring and Reporting
•
Definition of risk indicators (KRIs)
•
Establishment of thresholds and escalation processes
•
Implementation of regular reporting formats
🔄 Review and Improvement
•
Regular review of effectiveness
•
Adaptation to changing framework conditions
•
Continuous improvement of the plan
How can cyber risks be effectively managed?
Managing cyber risks requires a comprehensive security approach:
🔒 Governance and Strategy
•
Development of a cybersecurity strategy
•
Establishment of responsibilities and reporting lines
•
Integration into enterprise-wide risk management
🛡 ️ Technical Protection Measures
•
Implementation of firewalls and intrusion detection systems
•
Encryption of sensitive data
•
Regular security updates and patch management
👥 Awareness and Training
•
Sensitization of employees to cybersecurity
•
Regular training on current threats
•
Phishing simulations and security awareness campaigns
🔍 Monitoring and Incident Response
•
Continuous monitoring of security events
•
Establishment of a Computer Emergency Response Team (CERT)
•
Incident response plans for security incidents
🔄 Continuous Improvement
•
Regular penetration tests and vulnerability analyses
•
Security audits and certifications
•
Lessons learned from security incidents
How does Enterprise Risk Management (ERM) differ from traditional risk management?
Enterprise Risk Management (ERM) differs from the traditional approach in several dimensions:
🌐 Holistic Approach
•
Enterprise-wide consideration instead of isolated risk areas
•
Integration of all risk categories into an overall picture
•
Consideration of interactions between risks
🎯 Strategic Alignment
•
Link with corporate objectives and strategy
•
Focus on value-oriented risk management
•
Consideration of opportunities alongside risks
👑 Governance and Culture
•
Anchoring in corporate management
•
Development of a risk-aware culture
•
Clear responsibilities at all levels
📊 Risk Quantification
•
Advanced methods for risk assessment
•
Aggregation of risks at enterprise level
•
Risk modeling and scenario analyses
🔄 Continuous Process
•
Integration into business processes and decision-making
•
Proactive rather than reactive approach
•
Continuous improvement and adaptation
How can supply chain risks be effectively managed?
Managing supply chain risks requires a multi-dimensional approach:
🔍 Risk Transparency
•
Mapping of the entire supply chain up to tier-n suppliers
•
Identification of critical components and single-source dependencies
•
Assessment of country and regional risks
📊 Risk Assessment
•
Assessment of supplier failure probability
•
Analysis of impacts on own production
•
Prioritization of critical suppliers and components
🛡 ️ Risk Mitigation Strategies
•
Diversification of suppliers for critical components
•
Building strategic inventory
•
Development of alternative sourcing options
📱 Technological Support
•
Real-time monitoring of supply chain risks
•
AI-based early warning systems for supply disruptions
•
Blockchain for transparency and traceability
🤝 Supplier Management
•
Risk-oriented supplier assessment and selection
•
Contract design with risk clauses
•
Collaborative approaches to risk mitigation
Success Stories
Discover how we support companies in their digital transformation
Generative KI in der Fertigung
Bosch
KI-Prozessoptimierung für bessere Produktionseffizienz
Fallstudie
Ergebnisse
Reduzierung der Implementierungszeit von AI-Anwendungen auf wenige Wochen
Verbesserung der Produktqualität durch frühzeitige Fehlererkennung
Steigerung der Effizienz in der Fertigung durch reduzierte Downtime
AI Automatisierung in der Produktion
Festo
Intelligente Vernetzung für zukunftsfähige Produktionssysteme
Fallstudie
Ergebnisse
Verbesserung der Produktionsgeschwindigkeit und Flexibilität
Reduzierung der Herstellungskosten durch effizientere Ressourcennutzung
Erhöhung der Kundenzufriedenheit durch personalisierte Produkte
KI-gestützte Fertigungsoptimierung
Siemens
Smarte Fertigungslösungen für maximale Wertschöpfung
Fallstudie
Ergebnisse
Erhebliche Steigerung der Produktionsleistung
Reduzierung von Downtime und Produktionskosten
Verbesserung der Nachhaltigkeit durch effizientere Ressourcennutzung
Digitalisierung im Stahlhandel
Klöckner & Co
Digitalisierung im Stahlhandel
Fallstudie
Ergebnisse
Über 2 Milliarden Euro Umsatz jährlich über digitale Kanäle
Ziel, bis 2022 60% des Umsatzes online zu erzielen
Verbesserung der Kundenzufriedenheit durch automatisierte Prozesse
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Work Together!
Is your organization ready for the next step into the digital future? Contact us for a personal consultation.
Your strategic success starts here
Our clients trust our expertise in digital transformation, compliance, and risk management
Ready for the next step?
Schedule a strategic consultation with our experts now
30 Minutes • Non-binding • Immediately available
For optimal preparation of your strategy session:
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Desired business outcomes and ROI expectations
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