Risk assessment is a critical element of any project or business decision.  The risk assessment is a holistic evaluation of the potential project to elements that may cause harm. The risk assessment is comprised of three elements: identify vulnerabilities that may cause detriment to the project (identification); analyze the risk associated with that vulnerability (evaluation); and determine actions to eliminate or control the vulnerability (control).  At Silverline Strategies we use our global experience and local knowledge to provide our partners with an informed risk assessment based on four elements: 

• Strategic Risk:  A study of elements that may prevent achieving business goal such as technological changes, a new competitor in the market, shifts in customer demand, spikes in the costs of materials, changes to the security landscape, or other large-scale changes.

• Compliance Risk:  An assessment of all applicable laws and regulations that apply to the project to ensure local compliance. 

• Financial Risk:  One of the major concerns of any business is to overspend budgets due to unforeseen financial risks. Financial risk is increased when you do business internationally with changing due to exposure to unanticipated changes in the exchange rate between two currencies.

• Cultural risk:  This form of risk is often times overlooked but represents a significant risk to international projects. Misunderstandings of the host country where the project is implemented will lead to inefficient output. We assess this risk to ensure fluency in cross-cultural management to identify primary cultural differences and adopt considerate measures to achieve project performance.