Pigg Enterprises has teamed up with the National Enterprise Risk Mitigation Agency (NERMA) to provide a new enterprise risk mitigation strategy to support the enterprise.NERMAA, which works with the Department for Business, Innovation and Skills (BIS), is a government agency which is responsible for ensuring that businesses are able to manage risks in the future.
Its aim is to reduce the amount of business risk that businesses can take.
The NERMA programme is designed to help businesses manage risks through the use of a business risk management strategy.
Pigg Enterprises launched the PIGR programme in April this year.
The programme provides an enterprise risk Mitigation Strategy (BRS) for companies that have recently entered the enterprise market and are at the point of exit.
This is a strategy that provides clear steps towards business risk reduction.
The BRS is designed as a roadmap to help companies that are exiting the enterprise sector to achieve a business readiness to take on new risks.
The scheme also includes a ‘zero tolerance’ policy, where a company must provide a clear and realistic plan to deal with any new business risk they face in the next year.
The PIGr programme has been developed through an initiative between Pigg and NERM and is designed for businesses that have entered the market since April.
Pigg has been able to gain valuable feedback from its members, and has a wide range of business stakeholders that can help inform the development of the BRS.
The business partner at the centre of the scheme, Pigg’s head of enterprise risk and compliance, Robyn Gifford, said: “Our partners at NERMIA have been incredibly helpful in helping to develop the PigR strategy.
Their feedback and suggestions have been very valuable in the development process and it has made the BSSB team more confident in the plan and the approach to be taken.”
Pigg’s BRS aims to ensure that businesses have a clear plan for managing risk, with the goal of reducing the risks they face to a minimum.
We know that business risk mitigation can only come about when businesses are prepared to manage the risks that they take, and we want to help to make this happen by working with NERMSA and our partners to support companies in their transition to a new business environment.
“We have worked closely with NERSMIA over the past three years to create a plan that addresses the challenges facing businesses entering the enterprise business.
As a result, we have had a very positive response from our partners, and are very excited about the outcome.”
She added: “This is a good example of a partnership that is focused on the need to ensure businesses are ready for a transition to new business environments.”
It is important that businesses remain committed to their current processes and continue to work through the BMSB to identify and address risk.
As such, it is essential that they continue to adhere to their existing risk management and risk assessment procedures, and ensure that any changes to those procedures do not affect their ability to provide the highest level of risk management to their business.
“As a result of the collaborative nature of our partners at the NERmAA, we are confident that our BRS will provide the support that we need to enable businesses to successfully transition to the next phase of their business life.”
The BSSBs approach is aligned with the Government’s business risk and risk management guidance which we have released earlier this year and aims to provide more certainty and clarity to businesses in the long-term.
“What’s in Pigg Business Risk Mitigating Program?
The BPSR is designed by Pigg, which is a company-led risk management consultancy.
The BRS involves five key areas, including:Business Risk Management and Compliance Management Risk Management Strategy Risk Management Strategies Management of Risk Management Risk Analysis & Risk Assessment Management of Change Management of Business Processes and Business Process Solutions Risk Mitigations and Reporting to NERmaThe BSA provides the framework for the BSP, and the BPS is a joint initiative between the BIS, PIG, NERAMA, and Pigg.
The PIG program is an industry-led initiative to provide support to businesses that are leaving the business environment to enable them to take advantage of new business opportunities.
It is a key component of the PSSB.
The partnership also includes Pigg employees and customers, who are part of the enterprise risk reduction process.
The five BSSBS are:Business risk management & compliance management – this is where businesses are planning for the future to address their risk management needsBusiness risk mitigation & risk assessment – this includes business risk assessment and management of risks, which can be achieved through the Business Risk Management & Compliance Management Strategy and Business Risk Analysis and Risk Management strategy.
Business risk assessment & risk mitigation – this provides guidance for how businesses can manage risk in the present and anticipate the future risks they may face.The