At OMRA, our proficiency is in risk management and project management. our specialist consultants provide technical capabilities in project risk, enterprise risk, operational risk, business risk, strategic risk, cost & schedule risk analysis, project management and PMO.
Our dedicated risk management professionals will provide the methodology, approach, documentation, guidance and support for managing risks (threats and opportunities) within your organisation and draw upon a wide range of experience from across UK, Europe, Africa and Middle East. Managing risks and issues will aid in achieving high-quality results, on-schedule delivery, and most importantly, the realisation of expected benefits.
Wouldn't we all? Good risk management does not imply avoiding risks at all cost but it involves making well informed and coherent decisions regarding the risks firms take in the pursuit of their strategic objectives.
OMRA Consulting Limited is dedicated to helping you achieve all of your future hopes and dreams with ease and comfort through an effective risk management consulting service.
Much of the blame for the 2007/08 financial crisis was attributed to the absence of an effective Internal (Enterprise) Risk Management approach, culture and systems by financial services organizations.
Organisations continuously face greater challenges in addressing the constant threats in the several markets and environments in which they operate.
Therefore, it is imperative that firms have in place effective enterprise risk management processes to deal with these threats and equally embrace opportunities that matter in order to have the chance of meeting objectives including the maximisation of shareholder value.
Here at OMRA, we adopt an end-to-end approach to risk management. we have expertise in establishing enterprise risk frameworks for various organisations spanning complex multi-billion-pound operations, business transformation & change, projects and programmes in financial services (e.g. retail banking and insurance), technology, consulting, rail, transportation, defence, health, customer service, shipping (ferries), general infrastructure, engineering construction and architecture industries etc.
Businesses crave competitive advantage in ever-evolving market environments. business change or transformation initiatives are undertaken to be sustainable and maintain adherence to strategic objectives. Managing these initiatives as projects and programmes are important to ensure there is a structured approach to successful delivery and minimal impact on operations.
To achieve predictable and managed desired outcomes, organisations need to closely mitigate mutually dependent risks associated with changes in the design construct, customer base, systems, tools, processes, operating procedures and culture etc.
Our expert project risk consultants pride themselves on their ability to assist our clients and their varied stakeholders to identify threats and opportunities, evaluate likely impact and define the most suitable mitigation strategies to address uncertainty in small, medium and major projects.
Put simply, we ensure the facilitation of the effective management of risk.
Risk Analysis is important to some of the critical risk decisions that are required to address uncertainty and unpredictability faced by many organisations. The complexity of some of the strategic changes or initiatives will require a significant level of analysis and confidence before these decisions can be made.
Our risk experts are able to devise a proportionate level of risk analysis required for a given project or organisational initiative. It is not always possible to predict the future. However, with our expertise in the development and running of scenario risk models (e.g. using Monte Carlo simulation etc.), we are able to generate all the possible outcomes of your decisions and assess the combined impacts of risks, allowing for better decision making under uncertainty or variability.
Our dedicated risk management professionals will provide the methodology, approach, documentation, guidance and support for ensuring that there is a methodical approach to risk decision making. Managing uncertainty will aid in achieving high-quality results, on-schedule delivery, and most importantly, the control of costs and realisation of expected benefits.
Operational risk is increasingly challenging for organisations across every industry sector and the ability to adequately measure a firm’s operational risk exposure is ever significant. Effectively measuring and quantifying operational risk rely heavily on the accuracy, measurement and type of loss data (including “near miss” data) amongst others available to the firm.
Integrating a firm’s Operational Risk Methodology with the Enterprise Risk Framework is normal practice for us at OMRA. We work closely and align with various industry regulations ensuring that the professional expertise we provide our clients are beyond the minimum requirement.
Our methodology at OMRA in respect of Operational Risk Management involves a holistic approach that ensures that every business unit is accounted for based on the construct of our clients’ organisations. Our expert Consultants are versed in balancing quantitative methods with adequate subjective qualitative judgement, defining fit-for-purpose internal processes thus ensuring readiness of operations, put in place adequate systems and develop the right mix of skilled people resources with a layer of required Assurance, Control and Governance.
The board is responsible for defining the Strategic Objectives of its organisation i.e. clear understanding of the threats and opportunities associated with its strategic direction, vision and mission and must also be clear about how it will sustain itself; protect shareholder value whilst maintaining compliance with the regulation in trying economic times.
To achieve this, the board needs to integrate Risk Management into its Strategic Planning. Here at OMRA, our Specialist Risk Consultants have assisted our clients including multinationals in successfully deploying Enterprise Risk Management in Strategic Planning with the goal of achieving a Strategic balance between Opportunities/expected rewards and related risks.
A critical aspect of our service is to assist boards in properly articulating and embedding an organisation’s Risk Appetite throughout the business as part of the overall enterprise risk paradigm, and the need for employees to adhere to them on a day-to-day basis. Organisations, in the pursuit of their profit objectives, must be guided against excessive risk-taking.
Every company dreads the uncertainty to its profit margin or benefits anticipated due to unexpected events in its operations or indeed unforeseen external events which could damage the company’s brand and subsequently impact on its share price and reputation. Business risks may occur as a result of regulatory changes, economic outlook and/or reduction in volume of trading sales etc.
Our risk practitioners take you through a journey to fully understand your strategic and operational needs as well as the uncertainties that come with the nature and size of your business. As such, we are able to develop proportionate solutions for your organisation and a roadmap to taking advantage of a variety of identified opportunities.
Whether you are transforming your business, planning or recently been involved in a merger or takeover, or indeed introducing a new product line, our risk practitioners have the expertise and business acumen to carry out a coordinated review to fully understand unintended consequences of a variety of scenarios that your board may be considering. Put simply, our goal is for you to make the most informed decisions for your business.
Our niche is delivering end-to-end risk management initiatives. OMRA’s guarantee is to work with boards and employees to foster a more risk-aware culture. With our systematic approach, we ensure that the process of delivery has the rigour for smooth landing onto your operations.
Our coordinated style means that your workforce is engaged all the way through from start to finish.
As part of our professional services, we offer a disciplined and cultured technique in initiating, planning, executing, and controlling the successful delivery and implementation of organisational or departmental initiatives.
Our project management experts are versed in the techniques and tools to ensure your projects and programmes are delivered into operations with minimal or no adverse impact on your business and customers.
Risk Management is about People and everyone in your organisation is responsible for effective management of risk. For this to work, boards need the commitment of their workforce and buy into organisation’s risk thinking and risk philosophy.
Our coaching guarantees gradual risk management maturity that is embedded at the heart of what you do and how you do your business.
To assist you, our experts have put together practical materials under the following categories.
Even if you’re not sure if you need our services just yet, why don’t you give us a call and speak to one of our experts. We can carry out a quick desk-based review of how your risk management maturity compares to your peers. Better still, we are happy to come down to your office for a quick, no-obligation chat.