Enterprise Risk Management (ERM) provides a framework to understand and respond to business uncertainties and opportunities with relevant risk insight delivered through common, integrated risk identification, analysis and management disciplines. ERM enhances organizational resiliency by improving decision making, strengthening governance and supporting a risk intelligent culture.

Enterprise risk management is a process, effected by an entity’s board of directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives [ref. COSO 2014].

Different risks are managed at different levels.

Enterprise Risk Management encompasses:

Aligning risk appetite and strategy

Management considers the entity’s risk appetite in evaluating strategic alternatives, setting related objectives, and developing mechanisms to manage related risks.

Enhancing risk response decisions

Enterprise risk management provides the rigor to identify and select among alternative risk responses – risk avoidance, reduction, sharing, and acceptance.

Reducing operational surprises and losses

Entities gain enhanced capability to identify potential events and establish responses, reducing surprises and associated costs or losses.

Identifying and managing multiple and cross-enterprise risks

Every enterprise faces a myriad of risks affecting different parts of the organization, and enterprise risk management facilitates effective response to the interrelated impacts, and integrated responses to multiple risks.

Seizing opportunities

By considering a full range of potential events, management is positioned to identify and proactively realize opportunities.

Improving deployment of capital

Obtaining robust risk information allows management to effectively assess overall capital needs and enhance capital allocation.

At Enterprise Level, Bell Energy helps clients develop:

  • Risk Strategy and Appetite
  • Risk Framework
  • Risk Pictures
  • Risk Mitigation Plans
  • Maturity Assessment
  • Corporate Compliance Policies
  • Corporate Governance Manual
  • Ethics and Code of Conduct
  • Legal Compliance Register
  • Enterprise Risk Register
  • Risk Advisory Solutions
  • Audits
  • Change Management
  • Gap Analysis
  • Management Systems
  • Process Mapping
  • Process Improvement
  • Value Chain Assessment
  • Investment Risks
  • NPV Assessment
  • Concept Selection
  • Valuation of Flexibility
  • Valuation of Real Options
  • Project Risk Management
  • Cost Risk Assessment
  • Schedule Risk Assessment
  • Project Risk Tools
  • Risk Manager Assistance
  • Contingency Planning
  • Project Due Diligence
  • Independent Project Reviews
  • Lender Advisory
  • Construction Monitoring
  • Operations Monitoring
  • IT Security
  • Cyber Security Assessment
  • Cyber Threat Management

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Bell Energy Clients

  • Saudi Aramco
  • SIEMENS
  • Tebodin Consultants & Engineers
  • Total Petrochemicals
  • ThyssenKrupp Uhde Engineering Services
  • Exxon Mobil Corporation
  • L & T
  • Abu Dhabi National Oil Company
  • Al Hosn Gas
  • ATKINS
  • Bharat Petroleum Corp. Ltd.
  • Cairn India Limited
  • Hindustan Petroleum Corporation Limited
  • Fugro Survey
  • Nabors Drilling
  • Petroleum Development Oman