Publicly Traded Biotech Firm Gains Executive Alignment and Strategic Clarity Through Enterprise Risk Assessment 

Before Bridgepoint:

• No formal enterprise risk assessment in business history. 
• Internal resources focused primarily on operational risks, with limited attention to strategic, financial, HR, and IT risk areas. 
• Lacked an internal methodology or framework for assessing enterprise-wide risks. 
• Difficulty coordinating interviews with executive leaders and board members due to limited availability and tight timelines. 

After Bridgepoint:

• Delivered a company-wide Enterprise Risk Assessment leveraging over 200 hours of expert analysis. 
• Identified and prioritized enterprise-level risks with actionable reporting and tailored risk heat maps. 
• Provided leadership with a strategic roadmap to guide future risk mitigation and business planning. 
• Earned endorsement from the CFO and Audit Committee Chair for quality, clarity, and depth of insight. 

Project Overview

A publicly traded biotech firm engaged Bridgepoint Consulting to facilitate and lead its first enterprise-wide risk assessment. 

With limited internal resources and no prior formalized risk framework, the client sought a proven partner to assess and document critical risks across all functional areas of the business. As a development-stage company with an annual revenue north of $150K, establishing proper risk management practices was critical to their growth trajectory. 

Bridgepoint was selected based on our comprehensive methodology and track record of success delivering risk assessments for high-growth and regulated companies in the healthcare and technology sectors. 

Business Challenge

With growing organizational complexity and evolving regulatory demands, the client needed a way to understand and prioritize enterprise risks across their entire operation.  

Obstacles included: 

• No internal structure or methodology for assessing enterprise risk across departments. 

• Internal efforts primarily focused on operational risks, creating blind spots in key strategic, financial, HR, and IT areas. 

• A compressed timeline due to upcoming board and audit committee meetings. 

• Coordination challenges for stakeholder interviews with executives and board members due to conflicting schedules. 

Approach

Bridgepoint deployed a tailored, efficient process to surface and evaluate risks across the business, align leadership, and ensure broad engagement across the organization. 

Working closely with the client’s CFO and compliance lead, we: 

1. Structured and conducted one-on-one interviews with executives and board members (approximately 15 key stakeholders). 
2. Developed a custom questionnaire and risk assessment tool specific to their industry to evaluate impact, likelihood, and velocity of each identified risk. 
3. Used dynamic scheduling tools (e.g., Calendly) to manage executive availability and ensure proactive interview scheduling. 
4. Analyzed questionnaire responses, comparing management and board perspectives. 
5. Delivered clear, visual enterprise risk heat maps and detailed reports segmented by department and risk category. 
6. Refined reporting formats to meet specific leadership needs. 

Results

After engaging Bridgepoint, the client gained a holistic understanding of its risk landscape backed by strategic insights and executive-level alignment. Bridgepoint’s proven methodology and efficient execution enabled the organization to uncover critical risks, streamline reporting, and develop a roadmap for strategic action. 

Quantifiable results included: 

• Saved the client approximately 200-250 hours of internal staff time by leveraging Bridgepoint’s established methodology and expertise. 

• Delivered a complete risk assessment with comprehensive expert guidance, minimizing burden on the client’s lean team. 

• Provided executive leadership with a prioritized risk roadmap and targeted mitigation strategies that impact the entire organization. 

• Enabled the company to make more informed decisions related to resource allocation and strategic planning for future growth. 

• Identified key risk areas associated with sales, product development, and expansion that will drive the company’s path to profitability. 

Services Provided