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Risk Mitigation
One element of a corporate risk strategy for the organization may be the implementation of identified risk mitigation activities. Risk mitigation can encompass a wide range of alternatives, all of which are identified and evaluated in the risk assessment phase. Alternative risk mitigation strategies are evaluated on a common basis for client decision-making.
Once our clients select the appropriate programs for mitigation which meet their corporate objectives, the preferred strategy for risk reduction is finalized and ABS Consulting provides services, guidance and coordination to make sure that the selected mitigation programs are effectively implemented.
This phase often requires close coordination of work with other disciplines (such as architectural, mechanical and electrical) required to implement the recommended facility upgrade measures. In other instances, this phase may involve preparation or enhancement of a disaster preparedness and recovery plan and training a client’s staff in implementing the plan; or it may involve other aspects of facility planning such as development of risk-averse design criteria for new construction. These are all skill sets that ABS Consulting brings to our clients on a regular basis.
ABS Consulting is regularly involved in supporting a variety of risk mitigation capabilities to our clients, and has received recognition and numerous awards for unique and performance-based programs targeted toward risk reduction. These capabilities include the development and implementation of:
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Operational Procedures
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Enterprise Risk Management Systems
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Improved Supply Chain Systems
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Strengthening/Rehabilitation of Assets
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Design of Hazard Control Systems
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Asset Integrity Management Programs
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Emergency Response Planning
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Disaster Recovery Programs
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Business Continuity Programs
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Training
Representative Projects
For more information, contact:
Kenneth A. Travers
SVP, ABS Consulting/EQECAT
1-302-239-1145 | ktravers@eqecat.com |
