Organisations with
no formal in-house risk management capability
Many organisations have been successful for a long time without
any formal in-house risk management capability. As long
as the organisation and its environment remain stable, experience
and judgment can evolve fast enough to enable you to anticipate
and deal with risks perfectly well.
Risk management becomes increasingly
important in times of rapid change, particularly changes in:
- technology
- the
structure of the sector in which you operate
- contractual
and commercial practices.
There are several clear warning signs
to suggest that some structured risk management processes are
likely to be of value:
- your organisation finds itself regularly facing unfamiliar issues
- the work is becoming increasingly complex
- you
are undergoing significant organisational change
- experienced
personnel have left before their expertise can be passed on
Formalising Your Approach Formal risk management is not exotic or complicated. It
simply means:
- making sure you identify anything that could realistically prevent
your organisation from achieving its objectives
- allocating
an appropriate level of effort or other resources to dealing
with those risks.
This is not hard to do if you have
suitable techniques at your disposal and if you understand the
critical factors that can make or break the process.
Whether you are reviewing your strategic plans, launching
a new initiative or embarking on a major project, you can be
sure that the development of an effective risk management process
will be a sound investment, not only increasing the likelihood
of a successful outcome but also strengthening your management
capability in the process.
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.
Cost-Effective Risk Management The difference between good and bad risk management processes
can be summarised in terms of cost-effectiveness.
- Your
process should yield valuable insights for a modest and predictable
level of effort.
- The effort required will not be trivial but it should be a
lot less than the value at risk in your business or other operations.
If you would like to explore the contribution risk
management could make to you, even if you do not have a specific
requirement at the moment, please contact
us.
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.
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.
|
ON THIS PAGE 
Click anywhere in left
or right borders to return to the top of this page.
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).
Here are some suggestions as to how
we may be able to help.
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 could conduct a requirements analysis 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 on the image below for further details.
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.
PUBLICATIONS
By virtue of our work with global companies
and major government bodies, we are at the leading edge of thinking
in the field of risk management.
Click on the image below for our publications
page, which includes details of our books and papers as well
as links to many downloadable articles, tutorials and presentations.
|
