Services
MYR’s Broad Service Range
Our expertise and approach to strategic, compliance, operational, project and extreme risk management has developed over hundreds of engagements in a wide range of businesses. You can be assured of relevant, practical and insightful outcomes which are directed to ensuring your business objectives are achieved.
Our service range incorporates elements of risk, project and business consulting:
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Enterprise Risk Management (ERM)
ERM provides a company with a systematic approach to the management of risk across an organisation. In this way, board and management can prioritise control activity, and have assurance on every risk within the company, regardless of where it arises.
MYR has extensive experience in developing and implementing programs of this type, with both mid-size and large companies in Australia and overseas. Typically, we work in partnership with the client over a number of years, to ensure their ERM program succeeds.
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Business Risk Management (BRM)
BRM is usually workshop based, aimed at identifying, assessing and mitigating risks to business objectives. Outcomes are a risk review report, which includes analysis of outcomes and a risk and control register, which becomes the working document for the ongoing management of risks.
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Project Risk Management (PRORM)
Is also usually workshop based, and can be used to review project-wide risks, or specific risk areas such as process, health, safety and environment, sovereign and community, permitting and project delivery. Along with project risk reviews, MYR facilitate a range of different qualitative and quantitative project reviews including constructability and maintainability, value improvement and contracting strategy.
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Professional Services Risk Management (PSRM)
Our PSRM approach emphasises customer service excellence and relationship management, and recognises that professional liability issues arise from various causes, not merely incorrect advice and design. From developing the core service delivery process to evaluating risk issues, our program is directed to business improvement.
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Property Risk Management (PRM)
The MYR approach to PRM is strategic - we work with clients to establish a system for managing and communicating activity, approvals, budgeting and reporting structures, and aligning PRM within the clients’ overall approach to risk management.
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Insurable Risk Management (IRM)
MYR apply a workshop-based risk management approach to profile all insurable risks in terms of classes of insurance. This more rigorous approach assists clients to establish their risk appetite through a structured and informed decision making process, before deciding how risks might be financed.
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Business Continuity Management (BCM)
The MYR approach is to focus on the whole business, combining workshop based extreme risk reviews with business vulnerability analysis to see where a company’s points of weakness lie. Our 10 point BCM strategy ensures all program elements are brought together under a common management system so that clients are prepared for extreme events at all times and at all levels of the business.
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Supply Chain Risk Management (SCRM)
In essence our program is designed to deliver the management tools to deal with these three supply chain issues including; Investment in redundancy; increasing velocity in sensing and responding and creating an adaptive supply chain community.
Our approach is to understand the business, map the supply chain process, evaluate risks along the supply chain and develop control strategies, including assisting with the insurance decision.
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MYR can incorporate compliance management programs under the ERM umbrella or on a standalone basis. The emphasis is on developing a single overriding corporate approach to compliance, and ensuring individual compliance areas meet minimum corporate compliance requirements.
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As an alternative to expensive, off the shelf risk management information tools, we tailor Microsoft Access™ databases to our client’s risk or other requirements. This provides an effective up front workshop tool as well as a "fit for purpose" tool for enterprise information capture, analysis and reporting.
