A foundation for developing risk management learning by Stephen Hill

By Stephen Hill

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The following list suggests a place for managers to start to improve their organization’s management of risk. 1. Evaluate how well your organization or group approaches risk management. What are the strengths and weaknesses? Where is improvement needed? , other department, external consultant) gap analysis. The ADM working group report and the Integrated Risk Management Framework developed by the TBS provide useful benchmarks for this gap analysis. 2. Evaluate your employees’ knowledge about risk management concepts.

Com. [This site provides a thorough overview of risk topics as well as an up-todate news service for risk-related information. 6. Academic There are a number of academics in Canada with an expertise in risk management. 1. ca/irr [The Institute for Risk Research (IRR) conducts research on risk management and acts as a knowledge base to assist Canadian governments, public organizations and industry in risk management decisions and policies. Research and development on measures of safety, risk management of dangerous goods, safety of blood systems, etc.

4. Determine if you have the required specialized knowledge to identify and assess risks, develop appropriate policy and management responses, and communicate about risk issues. A Foundation for Developing Risk Management 29 Conclusions and Recommendations Additional Teaching and Learning Resources 5. Develop a strategy to address the shortcomings you have found. , online text and courses); external training, particularly for specialist knowledge; and risk management "practice" with case studies.

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