Organisational Risk Management

Question 1

What does understanding when we need to escalate risks that are out of our control ensure/enable us to do?

Answer 1

• Ensures we are supported to carry out our roles
• enables us to have confidence in our BAU processes AND
• gives the executive assurance that risk across police is being managed effectively

Question 2

What are four key risk categories? (Health and safety)

Answer 2

• operational
• corporate
• Portfolio
• Strategic

Question 3

when managing risk what are the 5 steps and two ongoing processes in relation to tools we can use?

Answer 3

COMMUNICATE and CONsULT
- Establish context
- Identify risk
- Analyse risk impact
- Evaluate risk
- take action
MONItOR AND REVIEW

Question 4

What does ‘internal context’ mean in relation to establishing context for risk management?

Answer 4

Things within the police that influence how we manage risk, eg your objectives, policies and processes, resources, knowledge and skill level.

Question 5

What does ‘external context’ mean in relation to establishing context for risk management?

Answer 5

Things outside the police that effect our ability to manage risk. For example social, cultural, political, and legal environment as well as relationships with stakeholders.

Question 6

Depending on the evaluation of risk we can decide to what?

Answer 6

Act
Monitor
Accept or
Acknowledge that effective management is achieved.

Question 7

Treatments and any future action for different risks should be prioritised based on what?

Answer 7

• level of risk
• assurance in the proposed treatments
• relative costs and benefits of treatment/future action, AND
• an ongoing assessment of our internal and external context.

Question 8

WHat are the three lines of defence in relation to the assurance model and playing a distinct role in risk management and governance?

Answer 8

1st - all police personnel
2nd - management processes and controls
3rd - internal audit and assurance