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IRM Approach.
Any business venture or project comes with risks in multiple fields. Risk may be preexisting, or may arise in the course of a particular venture. Nevertheless, there are means to minimize such risks, whether preexisting, potential, or unforeseen.
Within the project development process, IRM seeks to address these risks through coordinated complexity awareness risk assessment and compliance, thereby improving the efficiency and effectiveness of sustainable development projects and operations.
In its role in the project development process, the Foundation plays a critical role in risk management and compliance. IRM has particular skills is development compliance. In the preliminary evaluation phase, the Foundation and its affiliated subsidiaries first examine the extant risks associated with a given development project across a broad range of topic areas, including the key areas of legal, financial, geopolitical, and cultural risks. Under these broad categories, IRM provides detailed assessments of potential risks that exist and may arise during the course of the project. Throughout the project’s development, IRM continuously monitors all matters that may adversely impact the efficiency and effectiveness of the project, including the internal compliance of organizations participating in the project and of other organizations.
In addition to IRM’s role in project execution, we also seek to identify potential risks existing in a broad range of topics, proposing possible solutions through the development of projects that may solve the needs of potential clients. A key area of interest to IRM is disaster mitigation, which seeks to address inevitable disasters, whether natural or manmade, through the preemptive development of plans to manage such disasters. An example of IRM’s work in this area is the development of a holistic approach to deal with disaster planning, mitigation, response, and restoration. Through this work, IRM hopes to extend its ability to evaluate risks on specific projects to broader social risk management and prevention.
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