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April 26, 2024Enterprise Risk Management Strategy for an Indian Engineering and Infrastructure Company in the Railway Sector
Project Duration
0
months
About the Client
The client is a prominent Indian engineering and infrastructure company with a longstanding presence in the railway sector. They specialize in the manufacturing of a wide array of rolling stock, encompassing wagons, coaches, and locomotives. Their expertise extends to steel castings, bridges, and other railway infrastructure projects. This client is a key player in the Indian rail industry, supplying equipment to Indian Railways, private freight operators, and even metro rail projects. Their reach transcends domestic borders, with exports of rolling stock and services to international markets.
1
+
Countries exported to
1
k+
Wagons supplied to the Indian Railways annually
Project Overview
We defined and established a basic Enterprise Risk Management (ERM) framework for our client, starting with a comprehensive study of their current risk management processes, formal and informal risks, and existing structures and practices. We developed strategies for risk mitigation, avoidance, or transfer, taking into consideration opportunity identification and cost-benefit analysis. Risk reporting templates and a mechanism for ongoing risk review were created to ensure consistent risk management.
We integrated ERM into the company’s broader strategy, designed board-level reporting templates, and provided guidelines for determining risk appetite. To ensure the ERM system’s ongoing effectiveness, we established a framework for reviewing and assessing its performance, enabling structured risk portfolio assessments and setting guidelines for continuous improvement.
Intueri’s Impact
- Developed a risk policy which helped the client create an ERM organization and proactively predict and manage risks at a strategic level
- Developed detailed department-wise risk assessment checklist templates and conducted training workshops on utilizing them
Contact our Strategy Advisory Team
Expand your opportunities for success and optimize your business functions with our expert team, leveraging years of experience and in-depth market analysis. Contact us today to learn more about our comprehensive services and how our expertise can accelerate your transformation journey.
Shweta Ranshore
Strategy and Transformation Consultant
Intueri Consulting
