Risk management involves identifying potential threats and opportunities and taking actions to reduce threats and maximize opportunities. The document discusses risk management principles and responsibilities within an organization. It provides examples of high profile corporate and safety failures as drivers for improved risk management. The need for risk management in children and young services to prevent failures is emphasized. Steps taken in Rotherham to improve risk management culture and processes are outlined, including revising policies, training, and monitoring risks at all levels of the organization.
Risk management involves identifying risks, understanding their potential impacts, and taking actions to address risks. The document discusses risk management in the context of a children and young people's services department. It provides examples of past failures that demonstrate the need for effective risk management. The department has developed a new approach, including a risk register that identifies specific risks, owners, and review periods. The goal is to make risk management a core part of the organization's culture and decision-making.
Building business continuity through risk management
Presented by Kimberley Hart
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
This document discusses risk management at Rolls-Royce. It defines risk and risk management, and explains why risk management is important through examples of past issues Rolls-Royce has faced. It describes Rolls-Royce's risk management framework, process, and techniques used, including bow tie analysis and risk matrices. It emphasizes the importance of planning, governance, assessment, treatment, review and culture to effective risk management.
The document provides information about an upcoming executive education short course on applied economics. It will be a 2-day workshop taught by Dr. Yeah Kim Leng, Dean of the School of Business at Malaysia University of Science and Technology. The workshop will provide senior executives and analysts with practical tools for economic analysis and help them better understand and monitor economic trends and issues. Participants will learn key economic concepts and indicators, practice data analysis, and build their own economics dashboard to enhance business planning. The interactive course uses presentations, case studies, and exercises to illustrate principles of economic analysis.
The document discusses the growing partnership between risk management and business continuity management. It provides an overview of risk management concepts and frameworks, outlines the evolution from traditional to more strategic risk management approaches, and examines how risk management and business continuity management have common and overlapping stakeholders and both aim to identify and manage significant events and ensure organizational resilience through coordinated activities.
This document summarizes a presentation on leading risk culture change by Linda Conrad of Zurich, Paul Walker of St. John's University, and Johan Willaert of Agfa Corporate Center. It discusses establishing leadership support for enterprise risk management (ERM), defining the scope of risk initiatives, mapping strategic risks, conducting risk assessments, setting action plans, and periodically reviewing risk management processes. The presentation emphasizes aligning ERM with business strategy, quantifying risks, gaining senior management buy-in, and communicating with stakeholders to develop a proactive risk culture.
- FERMA is an organization with 22 member associations in 20 countries representing over 4,300 risk management professionals.
- It focuses on helping members address global risks like economic crises, climate change, and political instability, as well as developing risk management best practices.
- The presentation calls for organizations to take a broader, more strategic approach to resilience by improving risk monitoring, contingency planning, and responsiveness to crises.
This document provides an overview of compliance and risk management concepts. It discusses compliance as the minimum legal standard and the importance of also implementing good risk management practices. The document outlines the six main phases of the compliance process: understand legal obligations, create an obligations register, assess compliance risks, manage obligations, monitor and evaluate compliance, and communicate and report. It also discusses establishing the context for risk management, identifying risks, analyzing and evaluating risks, treating risks, and monitoring and reviewing the risk management process. The case study examples demonstrate how these concepts apply to specific compliance scenarios.
Risk management involves identifying risks, understanding their potential impacts, and taking actions to address risks. The document discusses risk management in the context of a children and young people's services department. It provides examples of past failures that demonstrate the need for effective risk management. The department has developed a new approach, including a risk register that identifies specific risks, owners, and review periods. The goal is to make risk management a core part of the organization's culture and decision-making.
Building business continuity through risk management
Presented by Kimberley Hart
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
This document discusses risk management at Rolls-Royce. It defines risk and risk management, and explains why risk management is important through examples of past issues Rolls-Royce has faced. It describes Rolls-Royce's risk management framework, process, and techniques used, including bow tie analysis and risk matrices. It emphasizes the importance of planning, governance, assessment, treatment, review and culture to effective risk management.
The document provides information about an upcoming executive education short course on applied economics. It will be a 2-day workshop taught by Dr. Yeah Kim Leng, Dean of the School of Business at Malaysia University of Science and Technology. The workshop will provide senior executives and analysts with practical tools for economic analysis and help them better understand and monitor economic trends and issues. Participants will learn key economic concepts and indicators, practice data analysis, and build their own economics dashboard to enhance business planning. The interactive course uses presentations, case studies, and exercises to illustrate principles of economic analysis.
The document discusses the growing partnership between risk management and business continuity management. It provides an overview of risk management concepts and frameworks, outlines the evolution from traditional to more strategic risk management approaches, and examines how risk management and business continuity management have common and overlapping stakeholders and both aim to identify and manage significant events and ensure organizational resilience through coordinated activities.
This document summarizes a presentation on leading risk culture change by Linda Conrad of Zurich, Paul Walker of St. John's University, and Johan Willaert of Agfa Corporate Center. It discusses establishing leadership support for enterprise risk management (ERM), defining the scope of risk initiatives, mapping strategic risks, conducting risk assessments, setting action plans, and periodically reviewing risk management processes. The presentation emphasizes aligning ERM with business strategy, quantifying risks, gaining senior management buy-in, and communicating with stakeholders to develop a proactive risk culture.
- FERMA is an organization with 22 member associations in 20 countries representing over 4,300 risk management professionals.
- It focuses on helping members address global risks like economic crises, climate change, and political instability, as well as developing risk management best practices.
- The presentation calls for organizations to take a broader, more strategic approach to resilience by improving risk monitoring, contingency planning, and responsiveness to crises.
This document provides an overview of compliance and risk management concepts. It discusses compliance as the minimum legal standard and the importance of also implementing good risk management practices. The document outlines the six main phases of the compliance process: understand legal obligations, create an obligations register, assess compliance risks, manage obligations, monitor and evaluate compliance, and communicate and report. It also discusses establishing the context for risk management, identifying risks, analyzing and evaluating risks, treating risks, and monitoring and reviewing the risk management process. The case study examples demonstrate how these concepts apply to specific compliance scenarios.
The document discusses effectively managing risk for boards of trustees. It defines risk and explains why risk management is important. It outlines the risk management process, including identifying risks, assessing impact and probability, prioritizing risks, evaluating controls, and monitoring risks. The document provides examples of risk management practices and discusses the importance of having a clear risk management strategy and culture within an organization. It stresses that risk management should be simple and proportionate for charities.
Risk Management Presentation to Doyle Property Clubmarcpreston
Effective risk management for Contractors , Specialist trades, Property Developers and Homeowners.
Spending 80% of the effort to avoid problem arising rather than 80% effort sorting them after the event.
This document provides an overview of a presentation on risk management. It outlines the objectives of the presentation which are to provide a practical approach and tools to implement enterprise risk management. It discusses basic risk management concepts such as risks being uncertainties that can affect objectives, and the need to consider both threats and opportunities. It also presents a simple risk management framework of establishing objectives, identifying risks and controls, assessing risks, evaluating actions, and monitoring. The presentation aims to help participants start implementing risk management in their own organizations.
This document provides an overview of a presentation on risk management. It outlines the objectives of the presentation which are to provide a practical approach and tools to implement enterprise risk management. It discusses basic risk management concepts such as risks being uncertainties that can affect objectives, and the need to consider both threats and opportunities. It also presents a simple risk management framework of establishing objectives, identifying risks and controls, assessing risks, evaluating and taking action, and monitoring. The presentation aims to help participants start implementing risk management in their own organizations.
This document provides an overview of a presentation on risk management. It outlines the objectives of the presentation which are to provide a practical approach and framework for risk management and tools to implement enterprise risk management. It discusses basic concepts such as defining risk, threats and opportunities, and enterprise vs integrated risk management. It also presents a simple risk management framework and examples of how to categorize, prioritize, and measure risks. Key points are made about establishing a risk management process and embedding it into organizational processes.
FERMA presentation at the IIA Belgium ConferenceFERMA
This document discusses coordination of assurance functions from the perspective of FERMA, an organization representing risk and insurance managers. It highlights the different risks faced by corporations and FERMA members according to various surveys. These include economic, regulatory, and environmental risks. The document also discusses resilience and how organizations can adapt to risks through early risk detection, diversification, relationships, crisis response, and experience. Finally, it examines standards for risk management like ISO 31000 and COSO, as well as relationships between risk, audit, and other assurance functions within organizations.
CFO Risk Intelligence - Harvey ChristophersAzure Group
The document discusses the evolving role of the CFO from financial risk manager to strategic leader in enterprise-wide risk management. It outlines 6 key focus areas for CFOs to play a role in building a risk intelligent organization: 1) Prepare for expected and unexpected risks, 2) Recognize strategy is not fixed and engage in strategic risk conversations, 3) Distinguish vital few risks from trivial many, 4) Determine risk appetite, 5) Manage reputational risks, and 6) Conduct compliance stress tests for operating globally. The CFO's role is important for oversight, risk reporting, and ensuring risks are managed effectively across the organization.
Risk Management Toolkit: Strategy, Framework and Best PracticesAurelien Domont, MBA
This Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants. It will help you define your risk management strategy, and easily identify, assess, prioritize and mitigate the key risks & issues of your project or company. It includes all the Frameworks, Tools & Templates to help your increase your risk management skills and the risk management capability of your company.
vThis Powerpoint presentation is only a small preview of our Toolkit.
You can download the entire Toolkit in Powerpoint and Excel at www.domontconsulting.com
Aligning strategy decisions with risk appetite
Presented by David Shearer
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Cheshire
FORUM 2013 Risk communication:are all stakeholders adequately informed on risks?FERMA
This document discusses risk communication from internal and external perspectives. It addresses how organizational culture shapes risk communication styles and provides examples of communicating risk within large companies and markets like Lloyd's. Effective risk communication requires understanding different stakeholders' needs and tailoring messaging accordingly. Large industrial companies in particular must balance various stakeholders' interests over different time horizons and account for expanding economic complexity when communicating about risk.
This document discusses building stronger risk management cultures. It defines risk culture as an organization's risk appetite, tolerance and management practices as demonstrated by employees. A strong risk culture is important to avoid organizational failures. Key elements of a strong risk culture include tone from the top, accountability, effective challenge, and linking compensation to responsible risk-taking. Practical steps to building risk culture involve assessing the current culture, defining a desired culture, and implementing changes through communication and management support.
Role of Enterprise Risk Management in Risk Based CapitalSonjai Kumar, SIRM
This presentation is given in the First South Asian Actuarial Conference held in Colombo on 12th and 13th July 2017.
The presentation is on how does risk management can help in optimizing the capital requirement in the life insurance industry
Strategic Planning Society Webinar- Integrating Strategy and Risk ManagementAndrew Smart
• The credit crunch and its subsequent fall-out has rewritten the rules on strategy execution and risk management.
• The balanced scorecard and risk management approaches have evolved as silo processes over approximately 20 years – an approach that integrates both is a natural evolution.
• To effectively streamline management and regulatory reporting, organisations need to adopt an integrated framework, which covers strategy execution, risk management & compliance.
This document provides an agenda for the 3rd Annual Operational Risk Management Forum taking place on October 10-11, 2011 in Dubai. The forum will cover topics related to operational risk management including enterprise-wide vision and commitment, organizational frameworks and responsibilities, risk monitoring and management, business continuity, and risks related to outsourcing. It lists a distinguished advisory panel and speaker panel of operational risk experts from banks and other financial institutions in the region. The agenda outlines presentations and panel discussions on each day covering issues such as fostering an operational risk culture, advanced risk management approaches, using loss data, and challenges in implementing risk management frameworks.
This document summarizes a panel discussion on crisis management strategies. The panelists were from International Paper, Family Dollar Stores, and Sedgwick. They discussed their companies' approaches to crisis planning and response. International Paper focused on developing management support and ensuring insurance programs evolve with risk understanding. Family Dollar Stores transitioned from reactive, IT-focused planning after 9/11 to a more proactive, people-centric approach centered on communications. Effective crisis response requires cross-functional teams, experience-based planning, and credibility gained through success. The overall goal of crisis management is to plan for predictable risks and minimize the impact of unexpected events while resuming normal operations.
PSD Operational Risk Event - June 2016 PSD Group Ltd
PSD's Banking & Financial Services sector recently hosted a forum to explore risk management in smaller banking firms.
Dr Ariane Chapelle, Director of Chapelle Consulting, was the key note speaker, giving a thought provoking presentation.
A good risk appetite implementation process leverages existing practices, represents the aggregate view of risk across all lines of business and risk categories, and creates a dynamic structure that allows for internal and external changes in risk. Learn more about the 10 aspects of a robust and evolving risk appetite framework in this excerpt from the Credit Risk Management Audio Conference Series.
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksAronson LLC
Significant opportunities remain for organizations to continue to strengthen their approaches to identifying and assessing key risks. This program will provide an overview of Enterprise Risk Management (ERM) best practices and current emerging risks that should be on your radar for 2018.
Watch the complete webinar here: https://aronsonllc.com/c-suites-guide-to-enterprise-risk-management-and-emerging-risks/?sf_data=all&_sft_insight-type=on-demand-webinar
What is risk & risk mgt.
Why do we need risk analysis
Who uses risk management
How is risk management used?
The 7 basic process steps…
Component of risk
Overall categories of risk
5 primary means of risk mgt.
How?
etc.....
Risk or Opportunity – There are 2 Sides to Every CoinPECB
Main points covered:
• ISO 31000 defines risk as “effect of uncertainty on objectives” and an effect as “a deviation from the expected – positive and/or negative”. And yet the majority of organizations have an overwhelming focus on the negative. Why is this?
• Do organizations really understand the need to balance positive and negative?
• What do the new standards say about risk? How can organizations maximize their opportunities (upside) while still mitigating or controlling their risks (downside)?
Presenter:
This webinar was presented by Mike Gray, a highly qualified vocational education trainer and assessor and a Certified Trainer for PECB delivering training in ISO 9001 Quality Management, ISO 14001 Environment, OHSAS 18001 Health and Safety, ISO 22000 Food Safety, ISO 27001 Information Security, ISO 28000 Supply Chain Security and ISO 31000 Risk.
Link of the recorded session published on YouTube: https://youtu.be/BxEAO1IwLCs
বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
The document discusses effectively managing risk for boards of trustees. It defines risk and explains why risk management is important. It outlines the risk management process, including identifying risks, assessing impact and probability, prioritizing risks, evaluating controls, and monitoring risks. The document provides examples of risk management practices and discusses the importance of having a clear risk management strategy and culture within an organization. It stresses that risk management should be simple and proportionate for charities.
Risk Management Presentation to Doyle Property Clubmarcpreston
Effective risk management for Contractors , Specialist trades, Property Developers and Homeowners.
Spending 80% of the effort to avoid problem arising rather than 80% effort sorting them after the event.
This document provides an overview of a presentation on risk management. It outlines the objectives of the presentation which are to provide a practical approach and tools to implement enterprise risk management. It discusses basic risk management concepts such as risks being uncertainties that can affect objectives, and the need to consider both threats and opportunities. It also presents a simple risk management framework of establishing objectives, identifying risks and controls, assessing risks, evaluating actions, and monitoring. The presentation aims to help participants start implementing risk management in their own organizations.
This document provides an overview of a presentation on risk management. It outlines the objectives of the presentation which are to provide a practical approach and tools to implement enterprise risk management. It discusses basic risk management concepts such as risks being uncertainties that can affect objectives, and the need to consider both threats and opportunities. It also presents a simple risk management framework of establishing objectives, identifying risks and controls, assessing risks, evaluating and taking action, and monitoring. The presentation aims to help participants start implementing risk management in their own organizations.
This document provides an overview of a presentation on risk management. It outlines the objectives of the presentation which are to provide a practical approach and framework for risk management and tools to implement enterprise risk management. It discusses basic concepts such as defining risk, threats and opportunities, and enterprise vs integrated risk management. It also presents a simple risk management framework and examples of how to categorize, prioritize, and measure risks. Key points are made about establishing a risk management process and embedding it into organizational processes.
FERMA presentation at the IIA Belgium ConferenceFERMA
This document discusses coordination of assurance functions from the perspective of FERMA, an organization representing risk and insurance managers. It highlights the different risks faced by corporations and FERMA members according to various surveys. These include economic, regulatory, and environmental risks. The document also discusses resilience and how organizations can adapt to risks through early risk detection, diversification, relationships, crisis response, and experience. Finally, it examines standards for risk management like ISO 31000 and COSO, as well as relationships between risk, audit, and other assurance functions within organizations.
CFO Risk Intelligence - Harvey ChristophersAzure Group
The document discusses the evolving role of the CFO from financial risk manager to strategic leader in enterprise-wide risk management. It outlines 6 key focus areas for CFOs to play a role in building a risk intelligent organization: 1) Prepare for expected and unexpected risks, 2) Recognize strategy is not fixed and engage in strategic risk conversations, 3) Distinguish vital few risks from trivial many, 4) Determine risk appetite, 5) Manage reputational risks, and 6) Conduct compliance stress tests for operating globally. The CFO's role is important for oversight, risk reporting, and ensuring risks are managed effectively across the organization.
Risk Management Toolkit: Strategy, Framework and Best PracticesAurelien Domont, MBA
This Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants. It will help you define your risk management strategy, and easily identify, assess, prioritize and mitigate the key risks & issues of your project or company. It includes all the Frameworks, Tools & Templates to help your increase your risk management skills and the risk management capability of your company.
vThis Powerpoint presentation is only a small preview of our Toolkit.
You can download the entire Toolkit in Powerpoint and Excel at www.domontconsulting.com
Aligning strategy decisions with risk appetite
Presented by David Shearer
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Cheshire
FORUM 2013 Risk communication:are all stakeholders adequately informed on risks?FERMA
This document discusses risk communication from internal and external perspectives. It addresses how organizational culture shapes risk communication styles and provides examples of communicating risk within large companies and markets like Lloyd's. Effective risk communication requires understanding different stakeholders' needs and tailoring messaging accordingly. Large industrial companies in particular must balance various stakeholders' interests over different time horizons and account for expanding economic complexity when communicating about risk.
This document discusses building stronger risk management cultures. It defines risk culture as an organization's risk appetite, tolerance and management practices as demonstrated by employees. A strong risk culture is important to avoid organizational failures. Key elements of a strong risk culture include tone from the top, accountability, effective challenge, and linking compensation to responsible risk-taking. Practical steps to building risk culture involve assessing the current culture, defining a desired culture, and implementing changes through communication and management support.
Role of Enterprise Risk Management in Risk Based CapitalSonjai Kumar, SIRM
This presentation is given in the First South Asian Actuarial Conference held in Colombo on 12th and 13th July 2017.
The presentation is on how does risk management can help in optimizing the capital requirement in the life insurance industry
Strategic Planning Society Webinar- Integrating Strategy and Risk ManagementAndrew Smart
• The credit crunch and its subsequent fall-out has rewritten the rules on strategy execution and risk management.
• The balanced scorecard and risk management approaches have evolved as silo processes over approximately 20 years – an approach that integrates both is a natural evolution.
• To effectively streamline management and regulatory reporting, organisations need to adopt an integrated framework, which covers strategy execution, risk management & compliance.
This document provides an agenda for the 3rd Annual Operational Risk Management Forum taking place on October 10-11, 2011 in Dubai. The forum will cover topics related to operational risk management including enterprise-wide vision and commitment, organizational frameworks and responsibilities, risk monitoring and management, business continuity, and risks related to outsourcing. It lists a distinguished advisory panel and speaker panel of operational risk experts from banks and other financial institutions in the region. The agenda outlines presentations and panel discussions on each day covering issues such as fostering an operational risk culture, advanced risk management approaches, using loss data, and challenges in implementing risk management frameworks.
This document summarizes a panel discussion on crisis management strategies. The panelists were from International Paper, Family Dollar Stores, and Sedgwick. They discussed their companies' approaches to crisis planning and response. International Paper focused on developing management support and ensuring insurance programs evolve with risk understanding. Family Dollar Stores transitioned from reactive, IT-focused planning after 9/11 to a more proactive, people-centric approach centered on communications. Effective crisis response requires cross-functional teams, experience-based planning, and credibility gained through success. The overall goal of crisis management is to plan for predictable risks and minimize the impact of unexpected events while resuming normal operations.
PSD Operational Risk Event - June 2016 PSD Group Ltd
PSD's Banking & Financial Services sector recently hosted a forum to explore risk management in smaller banking firms.
Dr Ariane Chapelle, Director of Chapelle Consulting, was the key note speaker, giving a thought provoking presentation.
A good risk appetite implementation process leverages existing practices, represents the aggregate view of risk across all lines of business and risk categories, and creates a dynamic structure that allows for internal and external changes in risk. Learn more about the 10 aspects of a robust and evolving risk appetite framework in this excerpt from the Credit Risk Management Audio Conference Series.
C-Suite’s Guide to Enterprise Risk Management and Emerging RisksAronson LLC
Significant opportunities remain for organizations to continue to strengthen their approaches to identifying and assessing key risks. This program will provide an overview of Enterprise Risk Management (ERM) best practices and current emerging risks that should be on your radar for 2018.
Watch the complete webinar here: https://aronsonllc.com/c-suites-guide-to-enterprise-risk-management-and-emerging-risks/?sf_data=all&_sft_insight-type=on-demand-webinar
What is risk & risk mgt.
Why do we need risk analysis
Who uses risk management
How is risk management used?
The 7 basic process steps…
Component of risk
Overall categories of risk
5 primary means of risk mgt.
How?
etc.....
Risk or Opportunity – There are 2 Sides to Every CoinPECB
Main points covered:
• ISO 31000 defines risk as “effect of uncertainty on objectives” and an effect as “a deviation from the expected – positive and/or negative”. And yet the majority of organizations have an overwhelming focus on the negative. Why is this?
• Do organizations really understand the need to balance positive and negative?
• What do the new standards say about risk? How can organizations maximize their opportunities (upside) while still mitigating or controlling their risks (downside)?
Presenter:
This webinar was presented by Mike Gray, a highly qualified vocational education trainer and assessor and a Certified Trainer for PECB delivering training in ISO 9001 Quality Management, ISO 14001 Environment, OHSAS 18001 Health and Safety, ISO 22000 Food Safety, ISO 27001 Information Security, ISO 28000 Supply Chain Security and ISO 31000 Risk.
Link of the recorded session published on YouTube: https://youtu.be/BxEAO1IwLCs
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বাংলাদেশের অর্থনৈতিক সমীক্ষা ২০২৪ [Bangladesh Economic Review 2024 Bangla.pdf] কম্পিউটার , ট্যাব ও স্মার্ট ফোন ভার্সন সহ সম্পূর্ণ বাংলা ই-বুক বা pdf বই " সুচিপত্র ...বুকমার্ক মেনু 🔖 ও হাইপার লিংক মেনু 📝👆 যুক্ত ..
আমাদের সবার জন্য খুব খুব গুরুত্বপূর্ণ একটি বই ..বিসিএস, ব্যাংক, ইউনিভার্সিটি ভর্তি ও যে কোন প্রতিযোগিতা মূলক পরীক্ষার জন্য এর খুব ইম্পরট্যান্ট একটি বিষয় ...তাছাড়া বাংলাদেশের সাম্প্রতিক যে কোন ডাটা বা তথ্য এই বইতে পাবেন ...
তাই একজন নাগরিক হিসাবে এই তথ্য গুলো আপনার জানা প্রয়োজন ...।
বিসিএস ও ব্যাংক এর লিখিত পরীক্ষা ...+এছাড়া মাধ্যমিক ও উচ্চমাধ্যমিকের স্টুডেন্টদের জন্য অনেক কাজে আসবে ...
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2. What is a risk ?
The likelihood of something happening
and the severity of it’s consequences.
Could it happen and would it hurt ?
The effect of uncertainty on our
objectives.
3. What is risk management ?
• Risk Management is about managing threats
• It is about good management:
– Managers being aware of what could stop them achieving
their objectives
– Leadership recognising potential exceptional / unexpected
events that could disrupt activities
• To be effective, it should be at the forefront of daily
business and decision making
• It is also about opportunities
4. Risk Management
Risk Management is NOT about eliminating all risks
Risk Management IS about gaining a better understanding of
the nature, scale and potential effects
And then
Taking appropriate action to reduce or mitigate threats and
maximise opportunities
What is the appetite of the organisation towards risk ?
5. History of the emergence of
Risk Management
Over the years there have been several high profile corporate
failures and disasters such as:
Corporate failures eg Baby P, Victoria Climbe, Rotherham
CSE
Financial Failures eg Lehmen Brothers, HBOS, Icelandic Bank
Major safety disasters eg Hillsborough, Herald of Free
Enterprise, Bradford fire
Threats to business continuity eg Adverse weather such as
2007 floods, Passport Agency Delays
Severe reputational damage …………………….
6. Remember Gerald Ratner ?
It was supposed to be one of the greatest days of his
life - the then 41-year-old North Londoner, who'd left
school with no qualifications and had worked in the
family business for 20 years, was addressing 5,000
members of the Institute of Directors at the Royal
Albert Hall. All of them there, to listen to his pearls of
wisdom.
He showed his speech to one of his own Company
Directors.
‘Not bad’, he said, ‘but why no jokes ?’ So he
included a joke or two:
7. Gerald Ratner – the speech
"We do cut-glass sherry decanters complete with six
glasses on a silver-plated tray your butler can serve
you drinks on, all for £4.95. People say how can you
sell this for such a low price? I say because it’s total
c**p."
Then another:
"We even sell a pair of gold earrings for under £1,
which is cheaper than a prawn sandwich from Marks
& Spencer. But I have to say that the sandwich will
probably last longer than the earrings."
Boom boom! Two jokes……. And his world fell apart.
8. Gerald Ratner – the aftermath
Customers exacted their revenge by staying away from
Ratners shops. After the speech, the value of the
Ratner group plummeted by around £500 million, which
very nearly resulted in the firm's collapse.
Ratner sold a majority of the company's shares in an
attempt to save his business, but was subsequently
fired by the new company leader in November 1992.
9. Why do we need to manage risks ?
Risk Management protects and adds value to the
organisation and it’s stakeholders through supporting
the organisation’s objectives.
It should be about the management, not avoidance of risk
It should help to prioritise work in a fast moving context
RISK MANAGEMENT NEEDS TO BECOME A STYLE OF
THOUGHT, AND SHOULD DEFINITELY NOT BE A MERE
PAPER CHASE
10. What could happen if we don’t
manage our risks effectively in CYPS ?
High profile case failure
Adverse inspection results / prosecution
Unfavourable press
Financial implications
Severe reputational damage
To name but a few !!
11. The Casey Report
• We looked at the Council’s processes for identifying and
reporting on risks … On paper, arrangements are much as
we would have expected. However, we were told that risks
were not really discussed and owned by management
teams.
• the Senior Leadership Team did not sufficiently look at the
quality of operational delivery, operational service risks or
issues.
• The risk of continuing to fail children should have been the
Council’s highest priority. But it was not. This goes to the
heart of the culture of the Council.
12. The Casey Report
• CSE does not appear to feature strategically, operationally
or even as a risk until 2013/14. From 2010, each annual
report notes pressures on the Children’s Services budget...
But the senior leadership team did not take corporate
responsibility for ensuring issues were addressed.
• The failure to properly challenge and scrutinise data, and to
intervene where services were in decline, has had
significant consequences for children and young people in
Rotherham.
13. Rotherham – a new approach
Refreshed Policy and Guide produced
Shows how we will ‘do’ Risk Management
Incorporates the principles of effective risk management into all planning
and management processes
Provide appropriate training and guidance for all parties involved in risk
management roles, to enable them to fulfil their responsibilities
Ensure that all parties understand their roles and responsibilities
Promote a culture of risk management at all levels
14. Rotherham – a new approach
The new format risk register has ten areas of consideration:
• 1. Objective
• 2. Risks
• 3. Consequences
• 4. Existing actions and controls
• 5. Risk rating score (probability / impact assessment)
• 6. Further management controls needed and progress position
• 7. Post action risk score (probability / impact assessment)
• 8. Costs
• 9. Owner(s) of the risk
• 10. Review period
15. How risks are score (RAG) rated
Likelihood v Impact - or could it happen and would it hurt
LIKELIHOOD
(A)
Almost Certain
5
5 10 15 20 25
Probable/Likely
4
4 8 12 16 20
Possible
3
3 6 9 12 15
Unlikely
2
2 4 6 8 10
Very unlikely/
Rare
1
1 2 3 4 5
Insignificant/
Negligible
1
Minor
2
Moderate
3
Major
4
Critical/
Catastrophic
5
IMPACT (B)
16. CYPS Risk Register includes all
of the following risks:
• 1. Sustainable improvement in Children’s Services
• 2. Delivery of an effective Children’s Services within budget
• 3. Tackling Family poverty
• 4. Reduce the number of Children Looked After (LAC)
• 5. Ensure effective education for all pupils in a rapidly changing
landscape
• 6. Keeping Children and Young People safe
• 7. Ensure effective Local Authority support and challenge to schools
and academies
• 8. Ensuring an effective Children and Young People’s Services
workforce
17. Future considerations for register
inclusion and upcoming activity
Has the risk of fraud been considered and
adequately mitigated by your Service ?
• Counter Fraud Fund project
• Fraud survey
• Workshops to be facilitated by John Baker, Moore Stephens UK
(January 2016 onwards)
• Update of e-learning training module
18. Risk Management
Responsibilities
• Directorate Management Teams
• Responsibility for leading and managing the identification of significant
operational risks from all operational areas.
• Ensuring that the measures to mitigate these risks are identified,
managed and completed within agreed timescales.
• Lead in promoting a risk management culture within the Directorate.
•
• Assistant Directors
• Escalate risks / issues to the relevant Strategic Directors, where
appropriate.
• Embed risk management within service areas they are responsible for.
• Ensure that all employees, volunteers, contractors and partners are
made aware of their responsibilities for risk management .
19. Risk Management
Responsibilities
• All Employees
• Have an understanding of risk and their role in managing risks in their
daily activities, including the identification and reporting of risks.
• Support and undertake risk management activities as required.
• Attend relevant training courses focussing on risk and risk management
• All Councillors
• To consider and challenge risk management implications as part of
their roles.
20. Governance of Risk
Management
Corporate Governance is:
The system by which public bodies direct and control their
functions and relate to their communities.
In other words:
The way in which we manage our business, determine strategy
and prioritise and go about achieving those priorities.
The fundamental principles are openness, integrity and
accountability.
21. Governance of Risk Management
In CYPS
Risk owners and managers review their risks and
mitigations on a frequent basis.
Risk management activity is reported to and by DLT
corporately to SLT, Commissioners, Advisory Cabinet
and Audit Committee.
Risk management is subject to internal / external
audit.
22. Next Steps include:
A programme of general awareness and development events
Appointment of a Corporate Risk Manager to work with services on developing
directorate operational risk registers
Fraud workshops scheduled for Jan to March 2016
Directorate Management Team meetings to have Risk Management / Risk
Registers as a regular item, i.e. monthly
Directorate Risk Registers to be updated on an ongoing basis and submitted
every quarter for review by SLT
Links with the developing performance management and service planning
framework and anti-fraud arrangements
23. In summary:
RISK MANAGEMENT NEEDS TO
BECOME A STYLE OF THOUGHT,
AND SHOULD DEFINITELY NOT BE
A MERE PAPER CHASE ……….
24. And finally
RISK MANAGEMENT NEEDS TO
BECOME A STYLE OF THOUGHT, AND SHOULD DEFINITELY
NOT BE A MERE PAPER CHASE …………………………………….