How can your organisation be assured that its business decisions are made at the right levels and based on the right information?

The Board has overall responsibility for governance. However, since most of the detailed work that supports governance is delegated below this level, a system is required to provide assurance that:

• The organisation’s portfolio of projects and operations is aligned with its business strategy.
• Project sponsors choose to do the right projects and foster a culture of honest communication.
• The management of both projects and operations are effective and efficient.
• Relevant, realistic and timely information is reported through to the correct levels in the organisation.

Smart reporting should be based on both “thermometer” metrics (that disclose current status) and “barometer” metrics that forecast trends and outlook. Disclosure should focus on those metrics that are the best indicators of performance, using independent scrutiny when this is justified by the level of risk.

HVR's world-class risk management practice has provided assurance to clients as to the integrity of the information that is used to drive business decisions. With specialists in risk capability assessments, due diligence, safety management systems, project management, assurance auditing and business continuity, HVR is able to deliver the business assurance guidance and services that you require.

Click here www.businessrisksolutions.com to see more about HVR’s business assurance services.