Risk.com.au

Implementing Risk Management Plans and Risk Policy

An awareness of and commitment to risk management at all levels within the organisation is critical to the effective implementation of the risk management plan. This may be achieved in many different ways, such as by:

1. Obtaining the commitment and active ongoing support from senior managers for implementation of the risk management policy and risk management plan.
2. Appointing a senior manager (or team) to actively lead and sponsor risk management initiatives.
3. Establishing a team responsible for communicating the risk management policy and risk management plan.
4. Incorporating risk management awareness sessions into existing staff forums such as Toolbox Talks, staff meetings, workshops and or training sessions.
5. Incorporation of risk management responsibilities and performance measures for managing risk within position descriptions of all staff.

The successful implementation of effective risk management programmes throughout the business will largely depend on the support of senior management. A change management plan may be needed to ensure coordination of risk management activities across the organisation and involvement of staff from operational areas.