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When to use SoluxR?
Principal Outcomes from using SoluxR:
1. Direction setting: Executive & board agreement and understanding of major Brexit requirements including:
a. Scenario analysis
b. Critical risks, issues, opportunities and impacts
c. Quantification of financial implications for an organisation (optional)
d. Implications for current strategy and business model
e. Risk modelling (optional - see 3 below)
a. Brexit mobilisation
b. Brexit analysis and planning:
i. Scenario analysis
ii. Detailed evidence-based impact and risk assessment (across business/entire business model)
c. Brexit strategy developed and aligned with existing strategic imperatives
d. Brexit programme plan and governance defined
3. Risk modelling:
a. Scenario analysis
b. Stress testing
4. Contingency planning and execution:
a. Potential for failure and disruption identified and analysed within business, customer base, supply chain and wider eco-system for major Brexit scenarios
b. Strategic, financial and operational quantification of risks
c. Crisis war gaming
d. Risk mitigation strategy prioritised, defined and ‘desk stress-tested’ in line with organisation’s risk appetite
e. Risk monitoring processes defined and established
f. Execution of contingency plans
5. Programme review:
a. Brexit programme benchmarked and assessed versus best practice and organisation’s risk appetite
b. Quality review of key planning assumptions, decisions, deliverables and progress
c. Controls assurance & reviews
d. Contingency plans reviewed versus current high probability scenarios
e. Key programme risks and mitigating actions identified and defined
Using Agile Risk Management (ARM) practices SoluxR delivers results at scale, in less time, at less cost, more effectively and more reliably than other methods.
Immediate results begin to emerge when practical issues are addressed against Big and Basic Questions (over 150 detailed questions are available) across:
1. Stakeholder Analysis including Brexit impacts, volumes and risks across stakeholders (customers, partners, suppliers, investors, banks etc.) and associated action plans
2. Products & Services impacted directly through tariffs or indirectly through customers, partners, suppliers etc.
3. Contract impacts including trigger strategies and trigger strategy action planning, renegotiation strategies and action planning, repapering and fallback strategies
4. Business Functions, process and systems impacts, risk assessments, overall and detailed action planning
Powerful insights from automated assessments conducted across large numbers of front-line decision makers have a hugely positive impact on the quality of thinking and decision making.
Steps: Dynamic links are distributed across the organisation, and its associated ecosystem of partners and suppliers to:
1. Initially map and scope the Brexit Impacts landscape. The more links that are shared across front-line decision makers the more automated assessments are undertaken. And, the more complete the enterprise wide picture of risks associated with the achievement of business objectives.
2. Thereafter decision makers undertake more assessments which over time produce automated trend analysis leading to deeper insights and enhanced scenario development and stress testing.
3. Consistently reliable enterprise wide (front-line) assessments conducted over even 2-3 quarter’s results in a pooling of information on trends and insights leading to an organisational ability to anticipate and respond to changing conditions ahead of less adaptive competitors.