Risk and Change Management
Ensuring effective Risk and Change Management as part of an overall Corporate Governance Strategy provides organisations with a number of benefits. These include improving operational and financial management, building business growth performance, and by maximising opportunities and minimising losses such as financial, service, delivery, negative publicity, health and safety.
South West Business Partners works with organisations to enable them to fulfill their objectives by providing knowledge and business support. Where appropriate, hands-on assistance is given to implement strategic plans throughout all areas of the business.
Guarding against risks allows organisations to better motivate and engage their people to facilitate consistent, improving performance and the management of change with the following benefits:
- The realisation of the organisations and stakeholders objectives through the early identification and proactive management of threats to cost, time and performance.
- Improved management of opportunities within the organisation, ensuring visibility and reducing the risk of project failures by providing greater visibility of the potential impact on other projects.
- Improved corporate decision-making using cross-organisational visibility of risk exposure for both individual activities and major projects.
- The development of a continuous improvement culture and management approach to enhance and encourage openness in relation to risks and opportunities.
- The needs of corporate governance are met by embedding the `Management of Risk` processes which provide a clear message and directive.
- Clear ownership of both the monitoring and proactive management of risks and opportunities.
- Improved financial performance by providing clear, visible and up to date cross project and organisational financial data, and actions improving overall visibility and the management of project and programme finance.
- Consistency of approach through high-level monitoring and direction.
- Creation of an environment for the conscious acceptance of business risks on an informed basis.
- Improved visibility and accuracy of the organisation`s Business Continuity plans.
- Better awareness for all personnel of the cost and benefit implications of their actions.
- An improved awareness of the actual impact of proposed change eg. the introduction of new systems, launching of new products or services, or the opportunities realised from a new venture.