Risk Mitigation Using Integration Enterprise Risk Management and Balanced Scorecard model : A Case Study In A Consulting Services Company in Indonesia

Abstract

Risk is the uncertainty of events that can have a negative impact on organizational goals. Every organization has risks. The purpose of this study is to identify the risks faced by the organization and propose mitigation strategies based on the integration of the enterprise risk management (ERM) model and the balanced scorecard. This research was conducted at a consulting service company using a semi-quantitative method. The results obtained 36 risk events. Risk management is carried out based on the level and amount of risk that has been evaluated and a risk priority map is made. In managing risk, three strategies are applied, namely accept, share (reduce) and reduce according to the ability and resources of the company in dealing with risk.