Risk Management – Beril Ogot Insurance

[vc_row][vc_column width=”2/3″][vc_column_text]Risk Management allows organizations to improve the quality of project management practices and governance from the decision to invest to final delivery of project outcomes. Risk management promotes dialog between all stakeholders and sponsors and supports realistic approaches, plans, and project estimates. When implementing or improving Risk Management, we consider your organization’s/project’s risk management maturity, processes, methodologies, organization, culture, technologies and oversight structures.

New risks are emerging faster than ever. Given our deep expertise in risk management, Beril Ogot teams are well-placed to provide the foundation for business processes and technologies that help build resilience and drive growth.[/vc_column_text][/vc_column][vc_column width=”1/3″][stm_spacing lg_spacing=”0″ md_spacing=”0″ sm_spacing=”0″ xs_spacing=”30″][vc_single_image image=”7078″ img_size=”full”][/vc_column][/vc_row][vc_row][vc_column][stm_spacing lg_spacing=”100″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1573722038433{background-color: #f2f4fa !important;}”][vc_column width=”1/2″][stm_spacing lg_spacing=”90″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][vc_custom_heading text=”Who benefits from risk management done well?” use_theme_fonts=”yes”][vc_column_text]Risk management is a key project management process and must be integrated into the planning and execution of the project.

Risk management, like project management can be continuously improved to bring substantial benefits to the organization and the customer, but it takes management commitment to make it happen and to instill it in projects so that all may benefit from it.

Clients who address risk management as an integral way of doing business see gains in these areas:

Improved investment decision making and project selection
Better cost, schedule, and performance estimates
Improved customer relations and reputation
Improve team communications and morale
Benefits of Risk Management Done Well

When done right, risk management provides significant benefits including:

Senior leadership has better quality and more meaningful engagement with project teams and stakeholders – including the customer.
Substantially improves communications between all project stakeholders; including sponsors, customers, project manager, team members, subcontractors and the public.
Creates useful information in the form of contingency budgets for cost and schedule.
Generates insights concerning where projects need attention.
Provides a foundation for examining and understanding the health and performance of the project.
Suppliers and subcontractors are more cooperative and proactive to address issues and challenges.
Anticipates what could happen to impact project performance and to engage key stakeholders in critical conversations about the project.

[/vc_column_text][stm_spacing lg_spacing=”90″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][/vc_column][vc_column width=”1/2″][stm_spacing lg_spacing=”90″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”0″][vc_single_image image=”7079″ img_size=”full”][stm_spacing lg_spacing=”30″ md_spacing=”30″ sm_spacing=”20″ xs_spacing=”10″][vc_single_image image=”7080″ img_size=”full”][stm_spacing lg_spacing=”30″ md_spacing=”30″ sm_spacing=”20″ xs_spacing=”10″][vc_single_image image=”7081″ img_size=”full”][stm_spacing lg_spacing=”90″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][/vc_column][/vc_row][vc_row][vc_column][stm_spacing lg_spacing=”100″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][vc_custom_heading text=”Risk Analysis Processes” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][stm_spacing lg_spacing=”20″ md_spacing=”15″ sm_spacing=”10″ xs_spacing=”10″][vc_row_inner][vc_column_inner width=”1/3″][stm_icon_box icon=”fas fa-exclamation-triangle” style=”icon_left” icon_size=”21″ icon_color=”base” icon_bg_color=”third_bg” icon_width=”70″ title=”Identify Existing Risks”]Risk identification mainly involves brainstorming. A business gathers its employees together so that they can review all the various sources of risk. The next step is to arrange all the identified risks in order of priority. Because it is not possible to mitigate all existing risks, prioritization ensures that those risks that can affect a business significantly are dealt with more urgently.[/stm_icon_box][/vc_column_inner][vc_column_inner width=”1/3″][stm_icon_box icon=”fas fa-search” style=”icon_left” icon_size=”21″ icon_color=”base” icon_bg_color=”third_bg” icon_width=”70″ title=”Assess the Risks”]In many cases, problem resolution involves identifying the problem and then finding an appropriate solution. However, prior to figuring out how best to handle risks, a business should locate the cause of the risks by asking the question, “What caused such a risk and how could it influence the business?”[/stm_icon_box][/vc_column_inner][vc_column_inner width=”1/3″][stm_icon_box icon=”fas fa-tasks” style=”icon_left” icon_size=”21″ icon_color=”base” icon_bg_color=”third_bg” icon_width=”70″ title=”Develop Appropriate Response”]Once a business entity is set on assessing likely remedies to mitigate identified risks and prevent their recurrence, it needs to ask the following questions: What measures can be taken to prevent the identified risk from recurring? In addition, what is the best thing to do if it does recur?[/stm_icon_box][/vc_column_inner][/vc_row_inner][stm_spacing lg_spacing=”40″ md_spacing=”40″ sm_spacing=”30″ xs_spacing=”30″][vc_row_inner][vc_column_inner width=”1/3″][stm_icon_box icon=”fas fa-university” style=”icon_left” icon_size=”21″ icon_color=”base” icon_bg_color=”third_bg” icon_width=”70″ title=”Preventive Mechanisms Development”]Here, the ideas that were found to be useful in mitigating risks are developed into a number of tasks and then into contingency plans that can be deployed in the future. If risks occur, the plans can be put to action.[/stm_icon_box][/vc_column_inner][vc_column_inner width=”1/3″][stm_icon_box icon=”fas fa-star” style=”icon_left” icon_size=”21″ icon_color=”base” icon_bg_color=”third_bg” icon_width=”70″ title=”Importance of Risk Management”]Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making.[/stm_icon_box][/vc_column_inner][vc_column_inner width=”1/3″][stm_icon_box icon=”fas fa-wifi” style=”icon_left” icon_size=”21″ icon_color=”base” icon_bg_color=”third_bg” icon_width=”70″ title=”Response to Risks”]Response to risks usually takes one of the following forms:

Avoidance: A business strives to eliminate a particular risk by getting rid of its cause.

Mitigation: Decreasing the projected financial value associated with a risk by lowering the possibility of the occurrence of the risk.

Acceptance: In some cases, a business may be forced to accept a risk. This option is possible if a business entity develops contingencies to mitigate the impact of the risk, should it occur.[/stm_icon_box][/vc_column_inner][/vc_row_inner][stm_spacing lg_spacing=”100″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][/vc_column][/vc_row][vc_row full_width=”stretch_row” disable_element=”yes” css=”.vc_custom_1681979465694{background-color: #f2f4fa !important;}”][vc_column][stm_spacing lg_spacing=”100″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][vc_custom_heading text=”Why traders choose us” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][stm_spacing lg_spacing=”20″ md_spacing=”15″ sm_spacing=”10″ xs_spacing=”10″][vc_row_inner][vc_column_inner width=”1/2″][stm_info_box style=”style_7″ title=”Raw Spreads” link=”url:%2F|title:Read%20more||”]Receive premium pricing from Top Tier financial institutions. Pricing from Top Tier financial institutions.[/stm_info_box][stm_spacing lg_spacing=”30″ md_spacing=”30″ sm_spacing=”30″ xs_spacing=”30″][/vc_column_inner][vc_column_inner width=”1/2″][stm_info_box style=”style_7″ title=”No Dealing Desk” link=”url:%2F|title:Read%20more||”]Receive premium pricing from Top Tier financial institutions. Pricing from Top Tier financial institutions.[/stm_info_box][stm_spacing lg_spacing=”30″ md_spacing=”30″ sm_spacing=”30″ xs_spacing=”30″][/vc_column_inner][/vc_row_inner][vc_row_inner][vc_column_inner width=”1/2″][stm_info_box style=”style_7″ title=”State of the Art” link=”url:%2F|title:Read%20more||”]Receive premium pricing from Top Tier financial institutions. Pricing from Top Tier financial institutions.[/stm_info_box][stm_spacing lg_spacing=”30″ md_spacing=”30″ sm_spacing=”30″ xs_spacing=”30″][/vc_column_inner][vc_column_inner width=”1/2″][stm_info_box style=”style_7″ title=”Raw Spreads” link=”url:%2F|title:Read%20more||”]Receive premium pricing from Top Tier financial institutions. Pricing from Top Tier financial institutions.[/stm_info_box][/vc_column_inner][/vc_row_inner][stm_spacing lg_spacing=”100″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][/vc_column][/vc_row][vc_row disable_element=”yes”][vc_column][stm_spacing lg_spacing=”40″ md_spacing=”35″ sm_spacing=”30″ xs_spacing=”30″][stm_spacing lg_spacing=”100″ md_spacing=”80″ sm_spacing=”70″ xs_spacing=”60″][vc_custom_heading text=”Why traders choose us” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][stm_spacing lg_spacing=”20″ md_spacing=”15″ sm_spacing=”10″ xs_spacing=”10″][vc_column_text]

While we are focusing on solving the Human Resources of the businesses, their owners can have more time and focus on their core responsibilities.

[/vc_column_text][stm_spacing lg_spacing=”40″ md_spacing=”35″ sm_spacing=”30″ xs_spacing=”30″][vc_row_inner][vc_column_inner width=”1/3″][stm_pricing_plan style=”style_2″ title=”Starter” price=”Free” subtitle=”for up to 2 editors  and 3 projects” link=”url:%23|title:Get%20now||”]

3 projects
30-day version history
Up to 2 editors
Unlimited cloud storage

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Unlimited projects
Unlimited version history
Custom file/user permissions
Invite-only private projects

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Org-wide design systems
Centralized teams
Private plugins
Plugin administration

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Improve the management of your company and save money by making wiser decisions. Benefit from our Risk Management Service?

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