Built on the belief that "People use what they build". The SMARTER Method is a user-friendly methodology that establishes framework and components of any Risk program. Using the following acronym:
What is the SMARTER Method?
SMARTER is a Method founded upon the COSO and ISO frameworks. This user-friendly approach helps your organization to incorporate the principles of ERM throughout your entire management structure.
Why is SMARTER Method right for you?
People use what they build. And the SMARTER Method is the customized ERM program designed to meet the needs of your organization, no matter the size. The SMARTER Method accomplishes this by a formal program that aligns with your organization’s profile and strategic objectives. The SMARTER Method accomplishes this by taking the documented actions and putting them into a user-friendly and easy to understand form. The SMARTER Method can also enhance your current ERM software.
Three benefits of this kind of customized ERM program are:
- It’s Effiecient.
- It’s Effective.
- It’s Maintainable.
So, what does the SMARTER Method look like?
The SMARTER Method begins with an assessment of your organization from the outside. Using public data and reported performance information to form a risk-based view of your organization. This initial effort is to identify the risk profile and risk culture that has developed in your organization over time. After this phase is completed, our SMARTER team of experts uses this profile to address any gaps between the outside view and the inside understanding of your risk culture. Your organization business owners along with other stakeholders (those who “own” the activity and thus the risk) will work with our SMARTER team of experts to complete SMARTER charts for each of the identified risk activities that incorporate both the financial and operational risk. These Risk activities come from facilitated sessions where they are developed, in conjugation with training your participants about risk and enterprise risk. As this process goes on these material activities are incorporated into your dashboard, along with developing the key risk indicators. Your results are then presented in an easy to understand format that can be managed by your organization.