Reviews & Audits
At WSP we have the capability to structure and deliver a full scale review of your potential exposure to risk. This in addition to advising you on how to implement change management programmes to minimise that exposure.
Our risk management approach identifies, assesses and rates each risk you face. It has the obvious advantage of enabling you to control the risks and manage the issues to your advantage. In Australia we have a specialist team delivering what we call ‘Risk Solutions’ for clients. They have developed a ’9 core strategic risk management standard’ that can be applied to any organisation to review and identify exposure to risk.
The 9 core standards around strategic and operational risk management are:
- Risk management organisation
- Financial & economic
- Technology & information management
- Assets and security
- Product and service delivery
- Ethics and corporate image
- Leadership and corporate governance
The corporate risks you face will change and be influenced by many factors. Some are out of your control, such as the external environment, changes to industry, and new legislation. Others will relate to your introduction of new services, programmes or even equipment.
At WSP our approach is to use a facilitated methodology to review and audit the risks you face. We will review people’s objectives and the factors that influence and intrude on their ability to meet those objectives, which may heighten your risk exposure. By focusing on the 9 core standards we gain a clear understanding of your risk profile; where the ‘hot spots’ are, and where risk is low.
We can of course develop and implement risk management frameworks and help you with the organisation and cultural change required to improve people’s perceptions and attitudes towards risk. And we can audit programmes against targets and industry ‘best in class’.
Reviews and Audits
Annual risk audit
Our specialists in Australia completed an annual audit on a range of Centro Property Group sites as part of a liability and loss control programme that aims to continually improve the management of public liability risk across all their properties. We’ve helped Centro evolve their approach to risk management, and they boast excellent and consistent procedures. Contact Genevieve for more information – firstname.lastname@example.org.