Praxis Consulting delivers enterprise risk management consulting to identify, assess, and manage strategic, operational, financial, and compliance risks.

Enterprise Risk Management (ERM) Consulting | Risk Assessment & Risk Management Frameworks | Praxis Consulting

Organizations face risk from every direction—strategy shifts, regulatory change, operational breakdowns, technology threats, supplier disruptions, fraud, and noncompliance. The challenge is not just listing risks, but helping leadership clearly identify, evaluate, and respond to risk at the entity and business-process level—using a structured and measurable approach.

Praxis Consulting provides Enterprise Risk Management Consulting and Risk Consulting services to help management teams identify emerging risks, quantify exposure, strengthen internal controls, and reduce losses caused by human error, fraud, inefficiency, and compliance failures—globally.

Helping Leadership Answer the Hard Risk Questions

If your organization has asked any of the following, a structured risk assessment is likely needed:

• How do we recognize and respond to emerging risk?
• Have we acknowledged the negative consequences of our corporate objectives?
• What could really go wrong?
• Where is the greatest likelihood of something going wrong?
• What happens if something goes wrong?
• How often could it occur?
• How will the risk be reduced?

Praxis Consulting helps leadership convert these questions into a clear risk view—backed by evidence, controls, and accountable actions.

Our Approach: Structured Risk Assessment at Entity and Process Level

To better identify, analyze, and determine potential areas of risk, we use business risk management frameworks populated through:

• Benchmarking to industry-standard risk indicators
• Strategic Risk & Control Self-Assessment (RCSA) workshops
• Surveys and questionnaires
• Structured interviews with leadership and key process owners

A systematic risk assessment identifies risk and issue areas based on specific risk factors linked to activities and internal controls, providing assurance that management’s risk tolerance is aligned with business objectives.

Risk Management Team (RMT) model

Praxis Consulting typically supports formation of a Risk Management Team (RMT) comprising client stakeholders and Praxis consultants. Using collective judgment and a structured assessment model, we identify, prioritize, and document assessment areas and response actions.

Risk Consulting Scope: What We Assess

Depending on your needs, the ERM and risk consulting scope may include assessments across:

• Governance
• Regulatory risk
• Compliance risk
• Operational risk
• Environment, Health & Safety (EHS)
• Social risk
• Internal controls
• Information Technology & Security
• Business continuity
• Special projects

Industry-Specific + Enterprise-Wide Risk Methodologies

Praxis Consulting uses an interactive approach to document and measure risk exposure. We apply two complementary methodologies:

• Industry-Specific Risks (sector-driven exposures and indicators)
• Enterprise-Wide Risks (cross-functional strategic and operational risks)

This ensures risk management is tailored to your organization’s context—rather than using a one-size-fits-all risk register.

Benefits of Praxis Consulting ERM & Risk Consulting

Organizations working with Praxis Consulting typically achieve:

• Clearer visibility of top enterprise and process-level risks
• Better decision-making through structured risk prioritization
• Reduced losses from fraud, errors, inefficiency, and noncompliance
• Stronger internal control alignment and accountability
• Improved governance and leadership oversight of risk
• A repeatable risk assessment approach that supports continual improvement