Some focus on Blue Light Services

1. Enterprise Risk
Management
By Sabrina Martin
Risk Manager

2. What we will cover
Definition of Risk Management
Why is Risk management important to Blue Light Service Organisations?
Barriers to effective risk management
What can be done to address the barriers?
Definition of risk appetite
Outline risk management plan
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3. Definition
IRM Defines Risk management as ‘Risk is the combination of the probability
of an event and its consequence. Consequences can range from positive to
negative’.
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4. Why is Risk Management important
to Blue Light Service
Organisations?
Stakeholders now expect that Blue Light Services will take
full account of the risks that may cause disruption and
inefficiency within operations or failure to deliver our
promised strategy.
Risks associated with different strategic options will be fully
analysed and better strategic decisions will be reached.
Events that can cause disruption will be identified and
actions taken to reduce the likelihood of these events,
limits the damage and contain the cost.
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5. Barriers to Effective Risk
Management
Other tasks superseding the management of risks
leading to poor standards of risk management.
Poor Corporate Governance and non committed to
risk management leading to risks not being
acknowledged, assessed or managed.
Ineffective communications leading to a failure to
communicate important information or data needed
to manage risk.
Employees making assumptions that risk
management is someone else's job.
Poor training.
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In the Report of the Mid Staffordshire
NHS Foundation Trust Public Inquiry(3),
Robert Francis QC noted that there were
numerous warning signs that should have
alerted the system to the problems
developing at the trust, but one of the
reasons they did not was “A culture
focused on doing the system’s business –
not that of the patients”. He provides
further detail, noting that: “This failure
was in part the consequence of allowing a
focus on reaching national access targets,
achieving financial balance and seeking
foundation trust status to be at the cost of
delivering acceptable standards of care.”
http://mpwrandr.co.uk/7-barriers-to-effective-risk-management/

6. What can be done?
Encourage a reward culture whereby individuals as praised for
reporting concerns as opposed to a blame culture when things go
wrong.
Introduce a culture of positive challenge. Individuals should be
encouraged to challenge significant decisions to reach the best
outcomes as an effective form of risk management.
Set up mechanisms to communicate information on risk for effective
risk management.
Define each person’s role and responsibility in relation to risk
management.
Provide training to skill up employees and provide the resources they
need to manage risks. For example, provide staff inductions, training
workshops, supervision, and briefings.
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7. Definition of
Risk Appetite
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(S.Martin2018) defines ‘Risk appetite as the amount of risk an
organisation is willing to assume in pursuit of desired
outcomes’.

8. Basic Risk Management Plan
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9. Questions??
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Thank you for listening

10. Questions??
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Thank you for listening