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Risk Management Benefits

  • Drives the need for key performance indicators at the appropriate level within the organisation

  • Stimulates the most appropriate discussion for agendas at both a strategic and operational level, enabling time to be focused on what really matters

  • Allows immediate access to authorised Directors and staff to a dashboard of what matters most in relation to risk, project management, incident reporting and complaints handling using the Board approved risk ratings as a common platform

  • Underpins governance reporting in the Annual Report and Accounts through demonstrating a robust and formal risk management process

  • Supports external reporting requirements – for example in the NHS in relation to NRLS (National Reporting and Learning System), KO41 (Department of Health’s reference to the national collection of complaints data reconfigured from April 2015, and collected by HSCIC – Health and Social Care Information Centre), STEIS (Strategic Executive Information System), SIRS (Security Incidents Reporting System) and future iterations thereof

From the Blog

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How risk management improves the quality of software

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How risk management affects different functions

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The impact of legislation on risk management processes

The process of managing risk is influenced by many factors including personnel, data protection and financial constraints. One aspect which is just as important is [...]

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