www2.ealing.gov.ukarchivecommitteesscrutinycomm by yurtgc548

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									RISK MANAGEMENT
London Borough of Ealing




  Adapted from a presentation by Gallagher Bassett
Presentation Overview
Content
 – What is Risk / Public Sector Implications



 – Risk Management in Ealing
 What is Risk Management?
The threat that an event or action will adversely affect an
organisations ability to achieve its objectives and execute its
strategies successfully. (Audit Commission - ‘Worth the Risk’ 2001).

Risk management is the identification, measurement,control and
financing of of risks which threaten the existence, assets, earnings or
personnel of an organisation or the services it provides.

Risk management is a discipline for dealing with uncertainty.

The culture, processes and structures that promote effective
management of potential opportunites and adverse effects.
Application to Public Sector
• Local Authorities currently face pressures that potentially
  give rise to a range of new and complex risks and which
  suggest that risk management is more important now
  than at any other time. (Audit Commission July 2001)

•   Demands for greater transparency
•   Increased partnership working
•   Best Value
•   New leadership structures
•   New legislation
•   e-government
•   Demands for higher quality
•   Comprehensive Performance Assessment
Councils with Good Risk
Management
• Focus- Cabinet and Management Team focused
  BUT continue to ID future risks and priorities
• Performance Management - Council is Risk
  Aware especially when entering new arenas -
  always assesses risks inherent in activities
• Investment - Council has clear understanding of
  risk and manages it appropriately
Benefits of RM
• Increased focus to     • Better quality service
  meet objectives        • Enhanced ability to
• More satisfied           justify actions taken
  citizens               • Delivering Best Value
• Supports innovation    • Protection of
• Fewer complaints         Reputation
• Controlled insurance   • Getting things right
  costs                    first time
• Competitive
  advantage
Risk Management
in Ealing
Everyone Is Responsible for
Managing Risk
•   Elected Members
•   Corporate Board
•   Directorate Management Team
•   Corporate Risk Management Group
•   Departmental Liaison Officers
•   Service Managers
•   Employees, contractors, partners
Policy Strategy & Guidance

• Risk Management Policy Statement

• Risk Management Strategy
  Statement

• Risk Management Guide
 Lines of Communication
                     Cabinet

        Corporate Board

Corporate Risk Management Group

  Directorate Management Team

                Departmental Liaison Officers

                     Service Managers

                          Employees
Members’ Responsibilities
• To formally approve the Council’s Risk
  Management Strategy. To issue
  Statements of Assurance annually to
  stakeholders after receiving
  reports/declarations from Chief Officers.


• To hold Corporate Board accountable
  for effective management of risk by
  officers of the Council.


• To consider risks identified in reports
  presented for their consideration.

								
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