Page 28 - TCE Annual Report 2024-2025

Overview Leadership Messages Governance Strategic Insights Business Review People & Community

• Analysis of competition to gain insights into key TCE has also implemented a robust internal compliance
strategic initiatives, financials and common areas of process monitoring framework that identifies key process
focus. This outside-in perspective helps the Business and system-related parameters. Each month, Business
Units identify strategic focus areas and opportunities Units are assessed and rated against these parameters
that provide a competitive advantage in line with the to evaluate their adherence to established processes
overall strategy of the organisation and systems. This regular evaluation not only reflects the
extent of compliance but also identifies areas for future
• A Joint Venture partnership risk management
framework has been developed to ensure that risks improvement, thereby providing assurance over the
related to partnerships are identified and addressed integrity of the company’s business operations.
throughout the lifecycle of a project These structured efforts have significantly strengthened
the company’s governance and risk processes, enabling
• Greater emphasis on strengthening the risk culture
within the organisation by training key stakeholders, better-informed decision-making. The ERM team
including Business Unit Risk Officers, Business periodically presents its findings and updates to the
Development teams and Project Management teams CMC and the Audit and Risk Management Committee of
the Board. These presentations include risk assessments
• The Risk Management team at TCE also offers and the mitigation procedures adopted, enhancing the
its services to external clients as a value-added overall effectiveness of the risk management framework.
differentiator, helping to build client confidence

TCE Enterprise Risk Management Framework

1. DESIGN

TCE

Applicability HCBU PMCBU Power BU Infra BU MMBU DATBU Functions

Basic Framework ISO 31000 : 2018 - Risk Management Principles & Guidelines
Approach to ERM Risk Policy
Strategic Risk HR & Ops. Risk Financial Risk Governance Risk

4. Improve 2. Implement
Scope & Coverage Growth Reputation Competition Market Talent Attraction & Retention Technology Project Execution HSE Working Capital Financial Reporting Currency Interest Rate Legal & Regulatory Fraud/Ethics Sustainability Other

Structure & Lines 3 2 1
of Defence
Board/ARMC ERM Function Risk Steering Committees Risk Officers Risk Owners

Process Risk Identification Risk Assessment Risk Treatment Risk Monitoring

ERM Tool Technology Platform

3. Monitor & Review

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