The Standard of risks for a 1 Billion Dollar Company is 250 Check out the benchmark according to The 2021 State of the SOX/Internal Controls Market Survey conducted by the SOX and Internal Controls Professional Group
What percentage is the average residual expected loss per risk as a percentage of gross revenue? Best practices from our users across industries indicate a cost of 0.003% or $25-35K per risk (typically around 300 risks).
How much loss do you think can be reduced with efficient risk management solutions, as represented by the average loss reduction? Best practice from our users across industries is to use a 0.1% improvement as a baseline due to identified root causes, mainly in the expenses area.
What percentage of loss can be saved by using rooWhat percentage of loss can be saved by using root cause analysis togain clarity and understanding of risk event A study by McKinsey & Company found that companies with strong risk management practices outperformed their peers by an average of 25-30% over a 10-year period.
