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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 ability to achieve objectives may be harmed. Effective risk management standards enhance an organisation’s ability to develop a better understanding of the nature, scale and potential effects of its risk exposure, and then take appropriate and proportionate action to reduce or mitigate downside threats and maximise upside opportunities.
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
It is constructed using a series of pre-determined questions.
As well as a series of one-to-one interviews, a desktop review of relevant documentation will be carried out. 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.
On completion of the various stages of the review process, a structured report will be produced which will present the primary outcomes of the process, seeking to identify areas of best practice as well as identify any potential opportunities for improvement.
The Risk Management Health Check can be tailored to meet the specific needs of your organisation.
For more advice on how we can help lower the cost of your risk, please email contact@rmpartners.co.uk
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