Assuring operational excellence through integration

Enterprise risk has traditionally been managed in departmental silos, limiting collaboration between working groups and leaving unrealized value on the table. The focus is shifting to using integration to produce reliable, verifiable, and timely insights around risk.

This paper explains the ways our Assurance Integrator methodology and analytical toolkit can increase risk-based scheduling ability, visibility and control to drive down risk and the cost of incidents.

The value of integrating

How sure are you that all risks and compliance issues are raised, visible, and accessible to your peers, management, and other stakeholders? If the answer is uncertain, then there is an opportunity for improvement.

Integrating assurance groups, identifying subject matter experts, and assigning coordinators to champion communications about risk in terms that everyone can understand is a first step towards assurance.

Manage the change

Implementing a program that integrates siloed assurance activities and functions comes with many organizational change management considerations, such as the impact on vocabulary, working and communication styles, organizational structures, processes and outcomes. Leaders must take the time to understand the impact integration will have on these areas and plan accordingly.

Building a world-class framework

To create a world-class risk management framework, organizations should implement operational risk management programs that achieve:

• High levels of collaboration and communication across the various functions managing risk
• An understanding of the benefits of improved collaboration amongst people in the functional teams managing risk
• Aligned and rationalized processes
• An assurance program that enhances operations, builds confidence and trust, and improves resilience

Arcadis’ Assurance Integrator

Arcadis has developed a practical and proven methodology to integrate processes, resources and data across business silos: the Assurance Integrator. Our methodology improves collaboration, resulting in an increased ability to identify risk, analyze multicriteria consequences and their likelihood of materializing, and reduce the cost of overall efforts to manage risk.