Rolling The Dice On RISK (A Review)

The implementation phase of this project took the form of a business review.  After interviewing several layers of the organisation the following issues confirmed the HR perception of heightened risk, which leads to a lack of effectiveness and in some management processes and systems. 

As every individual and business inherently have different appetites for risk, the client was advised that a clear set of parameters be developed to enable Risk levels to be communicated and actions according to the established risk categories. 

Once the processes had been identified, considered and Risk rated the action plans could would then be developed and reported against.

The reports would be discussed at regular Risk meetings to ensure actions were being closed off and benefits recognised.  Additionally, it was also recommended that there be an annual review or health check on the whole Risk Management System.