The management of risk is a fundamental purpose of government. Whether risks arise from the physical environment, the economic environment, or even from changes in voter preferences, public institutions have a broad responsibility to assess and address the risks that impact the community they serve and their organisation. Public bodies are operating in a dynamic environment. The imposition of a best value regime is forcing them not only to perform more efficiently, effectively and responsively but also to develop best practices and benchmarking criteria to demonstrate their performance. At the same time, the ever-increasing delegation of responsibilities from central government and the European Union has widened their exposure to risk. Public institutions are now encouraged to partner with the private sector and outsource some of their traditionally retained services, generating agency and delegation exposures. In such an environment, controlling the cost of risk has become a real priority. But risk management is not just about preventing losses and reducing costs. Increasingly, risk management is defined as the co-ordinated management of all risks. This definition serves to encompass risk-taking where it serves to meet overall organisational objectives. This broader view of risk management, known as 'organisation risk management,' asserts that risk management is a general management function that permeates an organisation, is linked to the organisation's overall strategic plan, and serves to enable the operational achievement of organisational goals and objectives. Under this frame of reference, risk management is not something a risk management department practices on a public body; but rather an organisational value that informs and supports all managers' and employees' duties and activities. Risk management is a central purpose of public institutions. Public Sector Risk Management addresses the major challenges facing public bodies today and provides the basic tools necessary for implementing a risk management programme. It introduces the subject of risk management through the development of a framework known as 'Organisation Risk Management' (ORM), which establishes the premise of risk management as an organisation-wide endeavour. Readers will learn of the governing concepts and principles of ORM in the public sector, but will also see how those concepts and principles translate into practice. Various ready-to-use tools and techniques are provided, which will enable readers to translate information into immediate use within their organisations. Public Sector Risk Management is ideal for practising risk managers, senior managers, and elected members desiring an accessible, but thorough, introduction to the subject. It is endorsed by The Institute of Risk Management (IRM) and by The Association of Local Authority Risk Managers (ALARM) on their public risk management programs.

By:   Martin Fone, Peter Young
Imprint:   Butterworth-Heinemann Ltd
Country of Publication:   United Kingdom
Dimensions:   Height: 20mm,  Width: 234mm,  Spine: 156mm
Weight:   691g
ISBN:  

9780750651615

ISBN 10:   075065161X
Pages:   368
Publication Date:   September 2000
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
This is temporarily unavailable. You can order this item and we will ship it to you upon arrival.

Risk, uncertainty, and the management of public sector risks; Public sector risk management: an introduction; Risk assessment; Risk control; Asset exposures to risk; Liability exposures to risk; Risk financing principles; Insurance; Member owned organisations and intergovermental pooling; Risk management programme administration; Risk management decision analysis.

A new risk management textbook raises challenging questions about current practices in the public sector, according to its authors. It will be recommended reading for the new syllabus in public sector risk management developed by the Institute of Risk Management and Alarm for the IRM qualification. Corporate Insurance Risk - Nov 2000 With additional input from Liz Taylor, chief executive of ALARM, it will be one of the recommended text books for the new syllabus in public sector risk management developed by ALARM and the Institute of Risk Management. Kevin McGlone, ALARM chairman, said Our members are calling for education in risk management. We are developing a vocational route for training and accreditation. Passing this examination will be integral to development opportunities . Government IT Manchester - December 2000