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Alarm, the UK public risk management association launched a new Risk Management Toolkit. Developed with Marsh, an insurance broking and risk management firm, the Toolkit builds on Alarm’s Core Competencies in Public Service Risk Management and has been designed to provide a ‘how to’ guide to the management of risk in public service organisations.
The Alarm Risk Management Toolkit has been designed specifically for individuals working in a public service environment who have responsibility for managing risk or are tasked with implementing or improving the management of risk across their organisation.
The retiring CEO of Alarm, Dr Lynn Drennan said: “At a time when public services are facing unprecedented cuts in funding, the effective management of risk is needed more than ever. A risk-managed approach to decision-making helps organisations achieve their objectives and deliver services more efficiently, using innovative and cost-effective means.”
The Alarm Risk Management Toolkit comes as an interactive pdf document and is accompanied by supporting templates relating to risk identification, assessment and reporting that can be customised to an individual organisation’s needs. Each section is illustrated by practical examples, hints and references.
Douglas Ure, Leader of the Enterprise Risk Services Practice within Marsh Risk Consulting, added: “With standards and requirements evolving, now is the time for organisations to review and improve the systems and processes in place to ensure maximum value from risk management. The Alarm toolkit not only provides the detail of best practice but also provides help and support, based on practical and actual implementation, to help organisations obtain the desired results from risk management.”