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Risk Management

Risk management has become a key task for managers in every organisation. 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 CLIENTS

Regular use of Vizion 21 services and procedures ensures that client businesses:

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Comply with numerous central government duties and risk management schemes.

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Demonstrate to internal and external auditors a commitment to risk management.

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Are guided efficiently through the maze of health and safety legislation and requirements.

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Have a reliable means of assuring governing Boards that risk burdens are being effectively managed

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Reduce the number of reasonably foreseeable incidents which saves money and improves staff morale.

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Reduce costs associated with unnecessary litigation, compensation, complaints, damage to reputation and equipment damage.

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Involve all staff in the development of a ‘risk management culture’ with excellent team building side effects.

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Maintain and even reduce insurance premiums based on good safety performance.

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Information Request Form

Select the items that apply, and then let us know how to contact you.

Send product literature
Send company literature
Have a consultant contact me

Name
Title
Company
Address
E-mail
Phone