Management of Risk: Guidance for Practitioners
4th impression (with amendments) 2005
- Office of Government Commerce (OGC)
- TSO (The Stationery Office)
Risk and risk management can sometimes be misunderstood. There is a view that the prudent approach is to avoid risk by simply maintaining the status quo. Linked to this is the idea that audit is a barrier to risk taking and innovation. Also spending time developing risk management strategies can sometimes be perceived as mere pointless bureaucracy.
A number of small improvements have been made to this 2004 Edition primarily to provide more clarity on some key principles.
Failure to take opportunities can be a huge risk in itself. By not looking at new ways of doing things organisations can miss out on real opportunities to manage better their business, improve service delivery and achieve value for money.
Following the Turnbull report organisations are now busy working on risk management frameworks and internal control statements to embed risk management in their management processes.
This publication draws on experience from a variety of experts from the public and private sectors. It sets out a framework for taking informed decisions about risk at a project, programme and strategic level to ensure that key risks are identified, assessed and that action is taken to address them.
This guidance should be a valuable springboard for innovation and encourage a sound approach to risk.
Accessible formats: For customers who are visually impaired or have other accessibility needs, this publication is available in other formats. Please contact customer services on +44 (0)870 6005522 for details.
|Format||Paperback||Published||03 May 2002|
|Availability||Out of Print: but may be available to order||Delivery||Delivery options and charges|