Service-Disabled Veteran-Owned Small Business (SDVOSB)
NAICS: 541330, 541511, 541512, 541513, 541519, 541611, 541618, 541690, 541990, 561110, 611430
DUNS: 83-090-7007

Risk Management Overview

In both challenging and favorable economic conditions, organizations need to strive to be smarter, more creative and forward thinking in their business strategies. Axiologic Solutions brings a business mindset combined with strong technical knowledge and extensive industry experience to assist clients in addressing business issues across the broad spectrum of accounting, financial instrument valuation, security, governance, process improvement, data analytics and risk management.

Axiologic Solution's Enterprise Risk management service helps organizations build value by accounting for risk in various business functions. This approach helps our clients focus on their areas of increased risk, effectively manage risk across organizational boundaries and seek not only risk mitigation strategies, but also pursue intelligent risk taking as a means to creating value.

Risk Assessment

Risk, at its basic definition, is a function of the probability of a given event, and the resulting impact of that event on the organization.

Risk assessment is the first process in our risk management methodology. Axiologic Solutions uses risk assessment to determine the extent of the potential threat and the risk associated with the threat. The output of this process helps to identify appropriate controls for reducing or eliminating risk during the risk mitigation process. To determine the likelihood of a future adverse event, Axiologic Solutions analyzes threats to a system in conjunction with the potential vulnerabilities and the controls in place for the system.

Risk Mitigation

Risk mitigation, the second process of risk management, involves prioritizing, evaluating, and implementing the appropriate risk-reducing measures recommended from the risk assessment process. The elimination of all risk is usually impractical or close to impossible for any organization. Axiologic Solutions works with senior management and other stake holders to use the least-cost effective approach and implement the most appropriate controls to decrease mission risk to an acceptable level, with minimal adverse impact on the organization´┐┐s resources and mission.

Evaluation & Assessment

In most organizations, business processes and IT processes will continually be expanded and updated, its components changed, and its software applications replaced or updated with newer versions. In addition, personnel changes will occur, and security policies will change over time. These changes mean that new risks will surface and risks previously mitigated may again become a concern. Thus, the risk management process is ongoing and evolving and is good practice to support the organization´┐┐s business objectives and mission.

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