Risk Management Health Check

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Introduction

Public sector organisations are exposed to a range of varied and complex risks which exist across all areas of service provision. If these risks are left uncontrolled, then the positive outcomes may be minimised or even lost and negative outcomes amplified. Effective risk management standards enhance the ability of public sector organisations to make informed decisions about the level of risk they are willing to accept in order to achieve their objectives, and implement proportionate and effective control strategies to ensure these levels are not exceeded across the organisation.

The Risk Management Health Check is a multi-level assessment of the degree of maturity and effectiveness of your organisation’s current risk management standards. It is designed to provide a third-party perspective on the strengths of current standards and identify opportunities for potential improvement.

The Health Check is based upon the ‘Risk Management assessment framework: a tool for departments’ as published by HM Treasury (2009), and maintains direct links to the standards depicted within the Alarm CiPFA ‘National Performance Model for Risk Management in the Public Services’. The Health Check focuses upon issues such as

  • Leadership and management (including risk appetite);
  • Strategy and policy;
  • People;
  • Partnerships, shared risks and resources;
  • Processes;
  • Risk handling and assurance; and
  • Outcomes and delivery

It is constructed using a series of pre-determined questions.

As well as a series of one-to-one interviews, a wider engagement with the organisation’s management hierarchy can be achieved through the use of an online risk management survey which is based upon the same risk management standards.

The Risk Management Health Check can be tailored to meet the specific needs of your organisation.

On completion of the one-to-one interviews and online survey process, a structured report will be formulated which will present the outcomes of both processes, seeking to identify the strengths of current risk management practices and any potential opportunities for improvement.


How can we help you?

For more advice on how we can help lower the cost of your risk, please email UK.London.RMPartners.riskcontrol@rmpartners.co.uk

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