About Us
OBITECH believes in a holistic view of risk management to emphasize the importance of understanding the interrelationships among individual risks (or groups of related risks) and the coordinated approach that an organization’s operating units and functions undertake to manage risk. A holistic approach to risk management is, by definition, one that is not fragmented into functions and departments, but rather is organized with the intention of optimizing risk management performance.
A silo approach to managing risk is dangerous in today’s rapidly changing environment. Organizations can face change with greater confidence with an enterprise-wide perspective. That is why an enterprise risk management (ERM) approach is intended to be holistic in its perspective toward risk and how it is managed. While the goal of thinking holistically is laudable, the question arises as to what it means from a practical standpoint.