Risk Management Planning

The importance of Risk Management Planning
Risk permeates every element of organisational activity and decision making.
However, effective risk management is much more than the production of procedures.

It is essential that risk management is supported by a management culture that has a systematic and structured approach towards risk identification, analysis, minimisation and evaluation.

It requires ownership at a Board and operational level and is critical to organisational development and sustainability. This is why it forms a key focus of our mission to build the capacity and capability of community organisations.
The benefits of developing a Risk Management Plan
When community organisations invest in the development of risk management programs plans they build a framework and a culture within which they can identify and develop workable strategies to mitigate against unacceptable risks. In doing so, they build strategies that will enable them to;

• Reduce Board and organisational liability.
• Develop a workplace risk management culture.
• Systematically identify and categorise risks.
• Analyse and prioritise risks according to their likelihood and impact.
• Allocate and integrate resources efficiently and effectively.
• Assess and plan for emerging risks as well as exiting risks.
• Assess and plan for internal and external environmental risks.
• Develop, implement and evaluate risk mitigation strategies, including contingency plans.
• Build organisational and individual capacity and capability.
• Improve Board (governance) and organisational performance.
• Encourage ownership and stakeholder involvement in risk management.
• Monitor organisational treatments of risk through the provision of a relevant reference point for accountability, priority setting and performance management (eg through a risk register).

As external consultants, our role is to facilitate the development of a risk management framework and culture. We aim to provide a road map that will help you to achieve your organisational goals through the identification and reduction of risk. In doing so, we will also build your risk management capacity and capability.

We will assist you to satisfy these requirements through the use of proven methodologies and interactive tools that are designed to deliver a;

• Strong understanding of the risk management (performance and compliance) role and responsibilities of your Board.
• Collaborative, participative and structured approach to facilitation.
• Clear and compelling link between the organisation’s ability to manage risk and achieve its strategic and operational goals.
• Structured process to develop clear, relevant objectives and effective enabling strategies.
• Quantifiable and qualitative performance evaluation measures.