Risk Management Service Offer
Risk management has become a key task for managers in every organisation.
Vizion 21 believe that risk is inherent in everything that we do and that risk management is simply a process that helps us to take better decisions. Risk taking is an essential part of business life and without it businesses would neither evolve nor create improved services or products.
The field of risk management covers all aspects of a business, not just health and safety or finance.
Vizion 21 Ltd will take time to understand your current business goals and strategies. Part of an effective risk management process is to carry out a SWOT assessment of your business to identify the strengths, weaknesses, opportunities and threats. Most businesses already do this type of assessment but often focus on only one area i.e. marketing or product development. Risk management is about assessing all the areas of your business and giving the senior management team a full picture of their business hazards and associated risk burdens.
In public bodies such as the NHS, Local Authorities, Civil Service etc it is now a requirement that the consequences of policies or actions are identified and evaluated and robust Risk Management Strategies are formulated.
The failure to pay proper attention to the likelihood and consequences of risk can cause serious problems within all types of organisations. Financial cost, service disruption, bad publicity, threats to public health or claims for compensation are among the most obvious. The effective management of risk must therefore be a critical part of all major organisations in their approach to delivering governance duties.
Risk management is traditionally associated mainly with insurance or health and safety. However, a systematic assessment of risk needs to be undertaken when judging all policy and service delivery options available within the organisation. For example,
- what are the risks involved in adopting particular policies on restructuring the workforce?
- What are the consequences for staff and the organisation if things go wrong?
- What happens to key systems if you have overlooked virus checking/firewall software?
- What are the financial and political risks associated with particular investment decisions?
Vizion21 Ltd has spent the last four years giving risk management advice to a range of public sector clients including NHS Trusts and Local Authorities.
Over this period we have developed a considerable amount of practical knowledge on the subject of risk management and have helped our clients to comply with their requirements to sign off their annual accounts and the associated Statements of Internal Control. We have helped clients to produce Risk Management Strategies and develop practical risk assessment policies. Vizion21 Ltd has supported its clients with training and on-site support to facilitate the smooth roll-out of risk management procedures across their organisations. We have assisted clients in the development of risk registers and have used this information to build assurance frameworks for governing Boards.
Benefits to the client:
- Compliance with numerous government duties and risk management schemes.
- Demonstrating to internal and external auditors a commitment to risk management.
- Having a reliable means of assuring governing Boards that risk burdens are being effectively managed
- Reducing the number of reasonably foreseeable incidents which saves money and improves staff morale.
- Reducing costs associated with unnecessary litigation, compensation, complaints, damage to reputation and equipment damage.
- Involving all staff in the development of a ‘risk management culture’ with excellent team building side effects.
- Maintaining and even reducing insurance premiums based on good safety performance.
Contact Information
If you require more information on Vizion 21 Ltd or any of its services please contact us by one of the routes to the right.