The person with the lead role in advising on risk management and overseeing risk practice in the organisation. Who’s the risk manager for the organisation? In all of this, an effective risk manager makes the case for acting decisively, confidently and creatively in situations of uncertainty. They also help the organisation continuously improve by advising on governance, standards, and improvement strategies and better practices. They can perform this facilitating role with the responsible body, in particular, helping them to work out their risk appetite and identify the value they want to create and protect for the people, places and systems in their care. For example, a risk manager can facilitate a deliberation about the organisation’s internal and external context, the potential scenarios ahead, opportunities, costs and benefits, identifying risk indicators, and various strategies for controlling risks. They can also assist decision-makers to work through particular decisions. They also work with the executive team and others to create a culture that takes a positive attitude to uncertainty-seeing the opportunities as well as the hazards. One is by building frameworks and designing processes that make it easier for people to identify, analyse and evaluate risks against the organisation’s objectives, develop treatment plans, monitor their risk management and report. Those decisions should create and protect value for the people, places and systems in your care.Īn effective risk manager helps people to do that in a few ways. Risk management is about making good decisions in situations of uncertainty.
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