Enterprise Risk Management
PRA Group and Methodware have strategically aligned to provide one solution for the numerous needs of our clients. Together we bring a dedicated workforce with expertise and experience in the provision of strategic support services including Enterprise Risk Management, Governance, Internal Audit, Information Technology and Performance Improvement. We know the importance of having a comprehensive, efficient infrastructure to address your needs. Our solution successfully combines the need for ongoing Internal Audit with the necessity of Enterprise Risk Management while ensuring the right reporting for effective Governance.
PRA Group provides a number of tailored ERM consulting services designed to assist you with your specific needs. The consulting services we offer include:
ERA Implementation & Methodology
PRA Group can help ensure that the goals and scope of your project are defined, success criteria are detailed, and time is spent ensuring the project is consistent with, and contributes to, your organisation’s broader corporate strategy. Specifics include:
• Design, configuration and documentation of one or more models
• Implementation of additional staged functionality
• Conversion to later releases of ERA
• Import current electronic documents
• Additional Reporting
• Quality Assurance Package
• User Documentation
Quarterly ERA Reviews
PRA Group can provide a quarterly review of your use of ERA. These reviews are designed to assist you to maximize your use of ERA and to give you assurances that you are on track with your assessment processes. The quarterly reviews include:
• A review of the user's builder files and suggested improvements to framework and functionality
• Refresher training for assessor users (power and/or java)
• Addressing any difficulties with current use of the software
• New version training
• Training on functionality not currently used
• Advice on organisational roll out options
• Assistance with specialist use of ERA: eg Questionnaires, Strategic
Planning etc.
Credit Union ERM Governance and Management Standards
For a copy of the British Columbia Credit Union Standards of Sound Business and Financial Practices, ERM Standards click here
PRA Group assists or facilitates the implementation of ERM programs for clients by providing training, risk templates and methodologies used at our other clients to ensure best practices for their ERM programs. We provide training to Risk and senior executive Management to enable them to conduct risk workshops and make use of the risk inventories used at other organizations to instill a risk management tone throughout the organization. We also provide technical training and support for implementation of the Methodware ERA software tool as we are a Solutions and Certified Training Partner.
Through our work with Credit Unions and other organizations throughout Western Canada we would provide introductions to our risk management community for the purpose of exchanging insights through our risk management and Methodware User group forums. We utilize “Resolver Ballot” for independent and anonymous voting to complete governance assessments in a time effective process that enables critical issues to be raised in a non-threatening environment.
Web-based Solution
PRA Group also provides a national, web-based ERM solution for Credit Unions of all sizes. A centralized repository for risk and audit information enhances ease of access while reducing ongoing software maintenance and requirements to manage periodic upgrades. This solution is currently utilized by several Credit Unions to enhance productivity and the accessibility to critical information while away from the office. Discuss with PRA Group how this solution will fit with your needs.
For more information on any of our service or product offerings, contact PRA by phone at 604-591-6440 or email to