Strategic Risk Rises to the Board Agenda
ALM Intelligence Releases Rating of Top Strategic Risk Consulting Firms for 2019
New research from ALM’s Consulting Intelligence division, formerly known as Kennedy Consulting, reports how the topic of risk is finally making it onto the formal agenda of boards and senior leadership.
“With the impact and frequency of disruption rising due to the confluence of changing geopolitical, socio-economic and technology trends,” said Naima Hoque Essing, Senior Research Analyst at ALM Intelligence “Boards in several industries are looking for better ways to anticipate and stay ahead of change.”
ALM Intelligence explores how consulting firms are helping the risk management function become more relevant and connected to supporting the organizational imperative for making decisive, bigger and faster bets on the future, including:
- Setting the tone at the top to elevate and expand the organizational mindset toward risk.
- Balancing the role of risk for protecting downside with opportunities to create value.
- Embedding big data analytics, scenario, and simulation tools to drive deeper insights, challenge assumptions and inspire greater confidence in decision-making.
- Employing technology to streamline core activities and free up resources to take on more strategic activities.
We continue to see movement among the Vanguard leaders with larger firms building upon the depth and breadth of their core risk consulting services to become trusted advisors at the board level. In contrast, smaller firms distinguish themselves in niche service offerings that either seek to leverage advanced data techniques to optimize controls or harness new technologies to streamline and automate core risk functions.
Providers covered in the report include A.T. Kearney, Accenture, Alvarez & Marsal, Bain & Company, Boston Consulting Group, Capgemini, Crowe LLP, Deloitte, Grant Thornton, EY, FTI Consulting, IBM, KPMG, Milliman, Marsh Risk, McKinsey & Company, Oliver Wyman, Promontory Financial Group, Protiviti, PwC, and RSM.
ALM’s Vanguard research series assesses firms in terms of their relative ability to create impact for their clients. In addition to its overall rating assessments of consulting providers’ depth and breadth of capabilities and best-in-class provider designations, this series includes detailed capability evaluations for each covered provider as well as a qualitative analysis of their consulting organization, approach, and service delivery model.
For more information or to obtain the full version of The ALM Vanguard: Strategic Risk Consulting 2019, visit the ALM Intelligence website: http://crp.consulting.almintel.com/Report/rating-guides/2019/The_ALM_Vanguard_Strategic_Risk_Consulting_2019
ALM Intelligence will be hosting a webinar on the Vanguard report on Wednesday, April 10th at 11 am ET. To register for the event and learn more visit: http://at.alm.com/ConsultingWebinarStrategicRisk
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