Risk Management

PSARN International Pty Ltd provides comprehensive risk management services based on the belief that each client's needs are special, and unique to it.

The services provided by PSARN include:

  • Executive presentations to assist in gaining the client's Executive support and commitment,
  • Face-to-face risk management training at the client's premises,
  • Facilitated workshops to assist the client to identify and assess its risks,
  • Guidance and advice on writing risk management plans and reports,
  • Assistance to the client in the setting up of a train-the-trainer programme.

All PSARN risk management training is based on the Australian/New Zealand standard AS/NZS 4360 Risk Management.

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The PSARN strategy for managing risk in an organisation uses the client's existing management structure, so that the setting up of a parallel structure just to manage risk, is avoided. This approach enables risk management to become naturally integrated into the client's organisational structure, and makes it apparent to all, where the various risk management functions and responsibilities lie.

Another characteristic of the PSARN strategy is its emphasise on the achievement of the organisation's objectives, rather than an over emphasis on the risks to which the organisation may be exposed. This immediately makes the application of risk management more relevant to the organisation's goals and objectives, as the organisation is drawn towards treating risks that may prevent the achievement of objectives - rather than just treating risks in general.

 

The use of the organisation's structure, and its objectives, is illustrated in the organisational diagram shown on the right. Starting from the top level and moving downwards, the blue dashed lines in the diagram represent the splitting up of the objectives of each level into sub objectives, and then the subsequent assigning of these sub objectives down to the level immediately below. This flow down of objectives is therefore a top-down process.

When the objectives have been assigned to all levels, the risk assessment for the organisation starts from the bottom level and, in the example shown at the link, each Directorate reports its risk assessment to its Branch above. The Branch uses the risk reports it receives from its Directorates and combines them with its own information to give it a complete view of the risks it faces.

In turn each Branch reports upwards to its Division, and the process proceeds in this way until the final risk assessment is made for the organisation. This upward flow of risk information is therefore a bottom-up process.