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Consulting Division
Risk Management Audit (RMA)
Part of a suite of Risk Management solutions designed specifically
for SMEs
A detailed review exercise in as little as one month
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Introduction
Risk Management is an essential and inescapable part of life. Nowadays, there are all sorts of people who will judge
and rate you on how well you are doing in theory and whether this matches the practice; on whether risk management is
effectively embedded in the culture and operation of your company.
The Risk Management Audit (RMA) is a quick and effective way to ensure that your risk management arrangements
- are all-embracing and are effectively structured
- are known to and acted on by everyone, including Board members
- add value, continuity and confidence to the company
- will be recognised as such by in terms of compliance with the requirements of the Combined Code etc.
The structure of the RMA involves the following:
- Initiation phase
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- Review of existing strategy and systems
- Review of areas of business and key players
- Agreement of objectives and timings for the exercise
Although a relatively simple project, in terms of ongoing input required from you, we still use the Uncommon Solutions
system of project management, timetabling simply who needs to do what by when to keep the project on track and chasing
up in advance anything getting close to a default.
- Information Phase
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- Meetings with selected Employees/Managers/Directors
- Questionnaires to wider selection of Employees, Managers & Directors
- Consider information & systems throughout the company/group; broaden perspective; assess embeddedness
- Analysis Phase
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- Review the effectiveness and completeness of existing strategy and systems
- Compare and contrast with existing best practice, with reference to the UK Standard and other
authoritative sources
- Receive, review and summarise questionnaires
- Review and summarise discussions from meetings
- Analyse the degree to which the theory and the practice match up – the degree of embeddedness
- Consider areas of particular strength and weakness and specifically what is needed to advance in best
practice terms
- Prepare draft report and recommendations
- Completion Phase
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- Present draft report (including unattributed summaries of meetings and questionnaires) and discuss findings
- Review recommendations made and consider their ability to make improvement and their practicality to implemenT
- Develop ‘SMART’ action plans for implementation
- Present final report, including ‘SMART’ action plans
Timings
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The overall timing of the exercise, as described above, will normally be four to six weeks.
Your time commitment through all the stages will be kept to a minimum and will amount to –
- 1 - 2 meetings at the initiation stage
- Co-ordination of questionnaires and meetings (perhaps 10) with key Employees/Managers/Directors
- 1 meeting to discuss draft report and recommendations
- Development of action plans to meet recommendations
- Receiving final report and recommendations, with agreed action plans for subsequent implementation
Risk Management Audit
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Order ~ confidence ~ optimisation
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Cost
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The cost of this product, as detailed above, is £2,380 (plus VAT).
To place an order, please complete the online order form,
e-mail us, write to us or simply pick up the phone.
This exercise will be useful for you at any time. Really it is a case of the sooner, the better – schedule the exercise
now and begin progress to still more effective risk management. If this exercise is repeated after one or two years
(which we do recommend), it may give useful evidence of progression in accordance with best practice in risk management.
For peace of mind and a first class result, place your order with
uncommonsolutions
Uncommon Solutions Limited,
PO Box 169,
Petersfield,
Hampshire GU31 4WY
01730 268465
info@uncommonsolutions.org
www.uncommonsolutions.org
Copyright © 2004-2007 Uncommon Solutions Limited