PwC Positioned as a Leader in Gartner’s Magic Quadrant for Global Risk Management Consulting Services
NEW YORK, December 10, 2014 – PwC has been positioned in the leaders quadrant of Gartner’s Magic Quadrant for Global Risk Management Consulting Services* report. Gartner defines risk management as “the strategic discipline of assessing, prioritizing, monitoring and controlling the impact of uncertainty on objectives.” This Magic Quadrant assesses how well services support corporate governance objectives and how well they integrate with compliance requirements.
“Risk resilience should be viewed as a strategic imperative. Proactive risk management strategies help navigate risk and regulatory complexity, while unearthing untapped opportunities to achieve competitive advantage,” said Dennis Chesley, Advisory principal and Global Risk Consulting leader, PwC. “We believe this recognition illustrates how PwC is innovating risk management from strategy through execution to help organizations become more resilient and agile in the face of constant change in an increasingly connected world.”
“Today’s business risks are growing more complex and only a forward-looking, enterprise wide approach can help mitigate costly business disruptions," said Dean Simone, partner and U.S. Risk Assurance practice leader, PwC. “Understanding vulnerabilities and integrating governance, risk and compliance across the organization also supports strategic business and performance goals. We believe Gartner’s recognition is a testament to how PwC’s risk management capabilities help our clients meet their long-term business objectives.”
According to Gartner, “Leaders demonstrate strong performance, gaining traction and mind share in the market with a clear vision and direction of market-building competencies to sustain their leadership position in this space. The consultants in this quadrant generally have global accounts and are globally interlinked, and they share superior market understanding, vision, holistic approaches, and comprehensive and consistent methodologies and road maps. They have extensive geographic reach to support their on-site clients and have globally well-communicated, coherent and well-marketed sales offerings. They are also in the position to advise risk regulators. Furthermore, they are well-supported by tools and methodologies.”
PwC recently announced it has been engaged by COSO to update its Enterprise Risk Management–Integrated Framework. The update will build on the original framework authored by PwC in 2004 to reflect the evolution of enterprise risk management, as well as the emergence of global megatrends and changing stakeholder expectations.
For more information about PwC’s risk consulting capabilities, visit: www.pwc.com/resilience
Source: *Gartner, Magic Quadrant for Global Risk Management Consulting Services, Jacqueline Heng, John A. Wheeler, 7 October 2014
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