Building in-house risk management
capability
An increasing number of organisations, in both the public and
the private sectors, are becoming aware of the need for some
in-house risk management capability.
Every successful organisation manages risk anyway,
but the more changeable and complex the environment in which
you operate and the larger any single project or other initiative
becomes, the greater the need for explicit attention to risk
rather than just expecting it to be picked up by routine operating
practices.
Getting It Right
If you are embarking on the development of an in-house risk
management capability, the key considerations are as follows:
- Poorly
designed risk management processes can become burdensome
and bureaucratic. Cost-effectiveness is essential.
Poorly conceived risk management procedures will not inspire
confidence. They may even put people off the subject altogether.
- Implementation
must be well planned to raise awareness of the importance
of effective risk management and the possible consequences
of failing to take it seriously. There are many instances
of well founded risk management processes becoming sidelined
because they were poorly introduced.
QUANTITATIVE RISK MODELLING
We make extensive use of quantitative risk
modelling techniques in our risk assessment services. Click on
the image below for further details, including a downloadable
tutorial.
Here are some of our services that you may find useful.
Introductory Workshops
We can conduct introductory risk management workshops to
help your management team develop an informed overview of the
subject and understand what's involved in putting it into practice.
Requirements Analysis
We conduct requirements analyses with the aims of identifying
the most appropriate approach to risk management for your organisation
and advising you on how to introduce it.
One-Off Risk Assessments
We can help you to assess the risks associated with any major
activity, including:
- strategic planning
- re-organisation
- policy review
- projects and other major initiatives.
Click here
for further information on our Risk Assessment page.
Process Development
Our process development service is designed to create risk
management processes that fit your requirements. We can also
help you to integrate them with other business processes.
Click here
for further information on our Process Development page.
Process Documentation
We can help you to produce invaluable process documentation
and handbooks. This vital task is too often neglected or poorly
executed.
Click
here for downloadable articles (on our publications page) that
illustrate our accessible style of technical writing.
Training
Effective risk management depends not only on the skills of
your specialist risk management personnel in-house but also
on widespread awareness at co-operation of senior people throughout
the organisation.
We offer training in all aspects of risk management. We are also Value Added Resellers for Palisade products, which
are used by risk managers throughout the world. Our programme
includes training in the full range of Palisade products.
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PROCESS DEVELOPMENT
Click on the image below for an overview and examples of process
development, which is a key element of the development of effective
risk management processes.
STRENGTHENING WORKFLOW MANAGEMENT
Formal risk management can seem threatening
to people who have been used to working without it. Careful
management of expectations is essential to ensure that the introduction
goes smoothly.
The necessary review of informal risk management practices may
expose anomalies in the way you work, leading to changes in the
responsibilities of some managers, or at least affect the relationship
between those who set targets and those who are bound by them.
None of this need be a problem but it can undermine the whole
initiative if handled poorly.
If you would like to discuss the development
of a sound risk management capability in your organisation, even
if you are not yet sure how and when you want to proceed, please contact
us.
RISK MANAGEMENT OVERVIEW
Our tutorial on the Australia / New Zealand Risk Management
Standard offers you an overview of the subject of risk management.
Just click on the image below to download it (40kb PDF).
ISO 31000
Broadleaf has been closely involved
in the development of risk management standard ISO 31000. This
website includes detailed information about ISO 31000 as well
as downloads of the current draft text of ISO 31000 and the risk
management vocabulary underpinning ISO 31000.
Click on the image below for our ISO 31000 page.
BROAD SECTOR EXPERIENCE
We have demonstrable experience in a wide variety
of sectors. Click on the image below for brief details of our
work with major clients and links to more than 60 client websites.
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