Risk Management Flashcards
What are the four different types of risk?
Strategic
Organisational
Operational
Portfolio
What is the overriding principle when applying TENR?
Safety is success
Who is responsible for the oversight of Operational Risks and the application?
The National Operations Steering Group
Who is responsible for governing Police’s Strategic Risks?
Executive Leadership Team
What Framework do Police follow?
Risk Oversight Framework
Under key roles & responsibilities for all staff, who should you escalate & report risks to?
Line Manager
or Programme or Project Manager where appropriate
How do Police define risk?
Any potential future uncertain event that may affect the achievement of our objectives
Who is responsible for managing risk?
Everyone
To manage risk effectively, it is important we are clear on what the risk actually is.
How do you describe a risk?
What is the risk
What is the cause or causes
What is the consequences if the risk occurs
What re the 5 steps & two on-going processes when managing risk & applying to policy?
- Establish context
- Identify risk
- Analyse risk impact
- Evaluate risk
- Take action
Communicate & consult
Monitor & review
The two mentioned above should be carried out at all stages of the risk management process
What is the three lines model?
- We all act as the first line
- In the second line, our people in Districts, Service Centres & PNHQ oversee risk & application of risk controls
- Third line is provided by the Assurance Group
What is the difference between threats & hazards?
Threats - human
Hazards - non-human (geological faults, river, substance)
Threats are usually expressed as intent x capability
Who do you escalate to if you cannot manage the risk within your level of authority or resources?
Line Management
How often should you monitor a risk?
As often as appropriate for the level of risk being carried
