Companies that deploy a consistent risk analytics engine across the entire organisation are better able to manage enterprise-wide risk and thus, allocate capital more efficiently and in a proactive manner. Longer-term and sustainable value creation as well as return on opportunity therefore plays a role in investment management decisions and market valuations.
Risk management ensures continual alignment of the IT and business goals or metrics and puts in place a mechanism to rapidly address deviations. Setting the risk management parameters at the outset of any new initiative is key to understanding the likelihood of success. TPI’s risk management approach determines the actions that need to be taken to ensure achievement of the targeted success factors.
TPI understands all 3 levels of risk inherent in delivering IT initiatives:
- Business - IT solution is scalable to match business complexity over time.
- IT delivery - Managed at a single point on an integrated basis to SLA’s.
- Financial - Solution is economically appropriate to the business requirements.
TPI’s enterprise risk management component of the Business Scorecard integrates risk management into the overall IT lifecycle.