Success cannot come through caution. Every business, organisation, team or individual that looks for success must be able to effectively identify and remove the risks in their environment.
Instead of reacting to issues as they appear, the process of risk management forecasts what issues may arise and establishes safeguards to alleviate the adversities surrounding those issues. It demonstrates your organisation is aware of the consequences, has professional responsibility and is has a focus on securing their future. Not only that – Risk management is part of good Governance
Paladin Risk Management Services offers a variety of services to its clients.
Our suite of risk management services include:
Provision of Advice on Risk Management Policy and/or Current Trends
The Principal of Paladin Risk Management Services is a Certified Practicing Risk Manager (CPRM) and, as such, is required to maintain a level of professional development to retain the accreditation.
Mr Farrar takes every opportunity available to ensure his risk management knowledge remains at the ‘cutting edge’ of the discipline.
Mr Farrar is highly regarded within the industry and has been on the assessment panel for Certified Practicing Risk Managers for the past four years.
Development of risk management policies, Frameworks and documentation
Paladin Risk Management Services has extensive experience in the development of tailored Risk Management Frameworks for a range of Government, Industry and Not-For-Profit organisations.
Each organisation is unique and will have differing objectives, outcomes and cultures. To that end, a “one size fits all” approach to the development and implementation of a Risk Management Framework will result in a less than optimal risk management program.
Prior to developing and implementing a Risk Management Framework, Paladin Risk Management Services spends time analysing the organisation before working closely with key stakeholders to develop a Framework that is not only compliant with AS/NZS ISO 31000, but is also aligned to its management practices and culture.
Your organisation can be confident that a Risk Management Framework developed and implemented by Paladin Risk Management Services will improve your organisation’s outcomes – we guarantee it!!!!
Assessment of Current Risk Management Capabilities
One of the fundamental characteristics of an effective risk management framework within any organisation is the ability to assess the current risk management capabilities within the organisation. Without such an analysis, it is extremely difficult for an organisation to implement continuous improvement strategies into its risk management framework.
Paladin Risk Management Services has developed a proprietary evidence based semi-quantitative Enterprise Risk Maturity Assessment Methodology that provides organisations the capability to gain an understanding of their current capabilities which, in turn, provides the ability to develop targeted strategies to increase the effectiveness of the risk management program.
The outputs of the assessment (which are then incorporated into a detailed report for the organisation), are shown below.
Organisations that have undertaken this assessment have realised significant benefits and have been able to improve risk management performance in a relatively short period of time.
Conduct Independent Risk Assessments/Reviews of Specific Projects/Programs
In conducting risk assessments within organisations, Paladin Risk Management Services ensures first that the context is well established. This is done by ensuring that all objectives for the program/activity have been documented and appropriate risk criteria (likelihood, consequence and risk matrix) have been developed.
Paladin Risk Management Services has significant experience in undertaking risk assessments across a diverse range of programs. Risk assessments have been conducted in relation to the delivery of major projects; the risks associated with the administration of legislation and the Security Risks at a major Government Department – just to name a few.
Facilitation of Strategic Risk Workshops to Align to Strategic Plan
One of the key requirements for the development of an organisation’s strategic plan is to ensure that the risks to the achievement of the strategic objectives are identified and, where appropriate treatment plans are developed to mitigate those risks. It is of little consequence that an organisation has identified a range of business objectives to move forward if the risks to achieving these objectives have not also been acknowledged.
Paladin Risk Management Services has extensive experience in assisting organisations to identify the risks to the achievement of their strategic objectives and has worked extensively with senior management to ensure they are fully aware of the potential consequences in relation to the introduction of the chosen strategies.
Development/Revision of Risk Management Documentation
The Risk Management Framework within any organisation needs to be underpinned by sound documentation.
Paladin Risk Management Services has extensive experience in developing and reviewing risk management documentation for many and varied client organisations.
Examples of previous documentation developed for client organisations can be provided on request.
Training/Workshops to Staff at all Levels
In developing risk management training for the Department, Paladin Risk Management Services will first assess the specific roles that each level of the organisation maintains in the Department’s Risk Management Program and training will be structured accordingly.
It has been the experience of the company that a ‘one size fits all’ approach to risk management training is ineffective and does not add value to the risk management program.
Paladin Risk Management Services has had extensive experience in the development and delivery of risk management training and was the company chosen to develop the Fundamentals of Managing Risk course for the Risk Management Institution of Australasia. This highly acclaimed course is still being delivered across the country. In addition to this course, Paladin Risk Management Services has developed structured risk management training courses for a number of clients based on their specific requirements. Further, Paladin Risk Management Services has delivered risk management training on behalf of Comcover through the Australian Institute of Management.
Incident Post Event Analysis
One of the key inputs to the risk management process within an organisation is the analysis of events that occur. It is, therefore, important to understand that no organisation can avoid all incidents/events, however, if there is no analysis conducted after the event, the organisation runs the very real risk that the event could occur again.
Organisations that regularly conduct post event analysis after issues arise will be in a far more advantageous position to reduce the likelihood of the event occurring again in the future. To that end, Paladin Risk Management Services has developed a Post Event Analysis methodology that ensures this can occur.
Provide Advice on Business Continuity Issues
Paladin Risk Management Services will provide advice on Business Continuity Issues that may pose a threat to the Department.
Paladin Risk Management Services was recently engaged by a Council to develop and entire Business Continuity Framework — including the provision of advice to management in relation to a number of issues such as pandemic.
In addition, Paladin Risk Management Services can develop a training program (once again aimed at the different levels of the organisation depending on their involvement in the program) and can also develop testing methodologies and programs to ensure that the plans developed will be effective in the case of a real emergency.