Security and Risk Management Consulting on the rise?

During a conversation with a prominent Enterprise Risk Management consultant yesterday, I learned that in the early part of 2009, his business lost a substantial amount of business as a result of projects being cancelled and as a result of his clients giving projects that were intended to be outsourced to internal employees to keep them employed.

Now, the ERM consultant sees the same companies that cancelled projects a year ago asking his firm to take on special projects that have been delayed but need to be addressed. In most cases, his clients do not have enough manpower on board due to (in his opinion) cutting too deeply into their full-time staff in 2009.

One are of growth the ERM consultant sees is in companies that need help to reposition security and enterprise risk management within their organization. They know what they need to do but they don’t know how to break down the silos that too frequently exist keeping departments from truly working together to achieve an enterprise risk management strategy.

This seasoned Enterprise Risk Management consultant’s perspective is that companies need to integrate people and processes in order to ultimately achieve an ERM strategy that delivers value.

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