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Seven Steps to More Effective Performance and Risk Management

Date: April 2008
Type: White Paper
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Overview: The recent market turmoil showed concerns many financial executives had that traditional investments in risk and financial methods and systems are inadequate to support their bid to effectively steer their organizations through turbulent markets. As a result, as the crisis subsides and managers begin to reposition in the market, organizations are faced with a challenge in making the best use of very constrained balance sheets. BearingPoint has created a seven-step methodology to help organizations address these issues and position their organizations to deliver superior results. A mistake organizations should not make is to overlook the significant impact of the human factor in achieving superior performance. Through the seven steps that have been outlined, you will identify ways to not only examine your daily business, but how to change it. The challenge with financial institutions today is that information is produced in silos. With all this information being spread around, it is hard for a manager to know what is going on and when there is a problem that needs to be dealt with. Our proven methodology focuses on the importance of putting information in the hands of the deal maker and how to change the incentive structure. In a period of sharply reduced balance sheet allocations, certain businesses have reached A point where information and tools are required if they are to compete effectively. Organizations can better prepare themselves to achieve advantageous returns by formulating a comprehensive risk and performance strategy. A strategy similar to that outlined here can


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