Risk management is interpreted differently by different people depending on their functions and responsibilities in the educational environment. It is vital that educational providers, both state and private, understand the difference between risk control and loss control in order to appreciate which tangible outcomes and benefits correct risk management can provide. Educational providers who adopt the concept of risk management are moved to protect their most valuable asset, the educator. Risk exposure is viewed in this context, not as the potential for financial loss but rather as undesirable health outcomes for teachers that may translate in direct financial losses. ...[ Read More ]

This project was undertaken by Marc Kaemper, Marc has considerable experience in the area and he completed his studies by distance education. Invariably, crises are managed in a demanding environment of time pressure, lack of information, high stakes, emotion and stress. The purpose of the study was to investigate how stress affects crisis management performance in a tiered crisis management system. ...[ Read More ]

Majorie Riley, is a risk management practitioner from Western Australia, she is an experienced manager of risk and has worked with some major firms in several states. Her research project focused on disaster recovery and business resumption. Majorie believes that an outcome of recovery and contingency planning will be the facilitation of a rapid resumption of critical business operations. ...[ Read More ]

Other more formally recognised and defined professions are circling and seeking the chance to claim the mantle of risk managers. This can happen if we do not set a pathway to the attainment of formally recognised professional status. If we fail and the other professions succeed then companies potentially lose out because the full application of the risk umbrella is not implemented; rather a methodology is implemented that represents the winning parasitic discipline rather than the holistic risk management approach. ...[ Read More ]

Risk management is the ability to identify, measure and finance the risks facing an entity in an effective way to ensure corporate growth and survival. ...[ Read More ]

Risk is moving up the corporate agenda because of compliance issues, business risk is a matter of judgment and perspective, different stakeholders in a business see the approach to risk and its management differently. Risk and its management must be seen as a positive for a business as well as a potential negative. Too often we tend to dwell on the negatives and at times therefore missed opportunities abound. ...[ Read More ]

Two months ago we started our examination of the seven “S” model, now at last we can complete this area and start to use it as a risk management tool. We were interrupted because of the great news from the AIRM about the CPRM and my need to get the concept of stakeholder value rather than shareholder value into our view of the intrinsic valuation of a successful business. ...[ Read More ]

If this is so then we need to be looking to a successful future with positive elements factored in to the process of risk management. Indeed we should consult our grammar checker and maybe change our thinking to the management of risk rather than risk management. A subtle but profound shift in attitude occurs when the words are swapped ...[ Read More ]

Boards, Audit Committees and general management should utilise the following steps to facilitate risk and its management. Ernst and Young have undertaken a study that demonstrates the factors. ...[ Read More ]

Risk management as a culture and process is evolving within learning organisations to fill the void left by the elimination of middle management. The only way for this to occur is for individuals to be skilled and the organisation to respect the quest for knowledge ...[ Read More ]