Exceptional importance of risk management is a result of possibility to achieve growth by effective using of natural volatility of both external and internal environment. Effectiveness of risk management system requires avoiding actions according to the rule ‘one solution fits all’. The efficient use of risk management begs the question implementing the system into the specific organization. The experience of the Saski Advisory team helps in achieving benefits of limiting adverse effects and improvement of opportunity management.
Effective and operative system of volatility management decreases specific uncertainty of the business. Perception of the organization by financial markets improves. Accurate identification of risks makes it much easier to save on time spent on taking business decisions. Employees are aware of preferred way of behavior in volatile environment. As the result the transparent standard is produced against which performance of different business units can be assessed. It is evident that resulting culture of the organization contributes to dynamic management of assets and value. Advantages of risk management are:

• opportunity to see risks that were not seen before; in many cases new reasons for expected volatility are important growth opportunities;
• supporting decision making process;
• benefits of more transparent relation with regulators and supervisors; it is more often then not that ability to give factual answers to questions improves significantly relations with administrative supervision;
• improvement in terms of insurance contracts.

Saski Advisory team has an experience of introducing integrated risk management systems in big scale and complex organizations. The value of the system is a result of:

• repeatability: the ability to adequately react regardless of where and what happened;
• objectivism: the management is independent of personal preferences of individual managers;
• cohesion: risk management applications are implemented in the way ensuring obtaining predictable results; in many cases avoiding happening of adverse events is a result of risk management system.

The additional advantage of risk management system is information in advance about required actions. Detailed procedures of reactions to volatile conditions enable addressing real causes and avoiding superficial reactions. After implementation of the system it is possible to have reliable information on effectiveness of the reaction to risks.
Risk management systems developed by experts of Saski Advisory ensure effective actions to identify and manage risks. As the result transparent procedures executed in the shorter time can be applied.

People are usually the most demanding and sometimes the most important part of value creation job. The crucial thing is to identify key competences within organization. It is important to make sure that the knowledge is accurate about what is present in the company and what needs to be acquired. It may be surprising how often most of the necessary skills are there. In many cases the number of people that need to hired is not high.
The priority is to carefully look at capabilities present in the organization. The following questions need to be answered:

• Are we sure that positions of individual persons reflect their talents and abilities?
• Do we have full knowledge about skills that are required to effectively deliver expected results?
• What are knowledge deficits?
• Is employee effort sufficient to achieve expected results?
• Is data regarding work efficiency reliable?
• Does individual work assessment make sense?

Our experience makes it much easier to use effectively skills of working men and women. Well motivated people are willing and able to make a valuable contribution to growth and development of the organization.