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Risk Management
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Firstly, have a look at these videos. These give you a short introduction to how risks can be avoided by making a proper risk assessment when going about your day to day business at Gloucestershire County Council. Then have a look at the documents and links in the section across.

At the bottom of the page try the short multiple choice quiz to check your understanding of our key messages

Video 1
This scenario proves that each day we take our own personal risk assessments, although probably not as severe as this, either at home or at work. First let's see an unwise risk assessment and what happens as a result.

Video 2
Here we see the scenario above showing the importance of documenting risk assessments in the workplace to help protect you and the County Council

Video 3
Here we see a work situation where not taking a proper risk assessment results in unforseen consequences

Video 4
In the last video we saw that the impact was a lost laptop, data got into the public domain, the reputation of the Council was damaged, there was a loss of public confidence due to the exposure of individual's data and a heavy fine from the information commissioner.
A simple risk assessment would have led to a happier conclusion as in this video.

Risk Management is something that we do, often subconsciously, as part of our daily lives, governing the decisions we make and the outcomes we see. How we manage risk, depends to a large extent on how we perceive it. Everyone has a different perception of what constitutes a risk, often based on past experiences. What one person may see as acceptable, maybe totally unacceptable to another.

Successful Risk Management is about ensuring that we have the correct level of control in place to provide sufficient protection from harm, without stifling our development. As an organisation, with a range of different stakeholders, each with differing needs and expectations, this can be a challenge. We must ensure that the decisions we take as a Council reflect a consideration of the potential implications for all our stakeholders. We must decide whether the benefits of taking our actions outweigh the risks. For further information please visit our website.

Now try the short multiple choice quiz to check your understanding of our key messages

 !   A Few Basics

Risk Management
Maximising opportunities by taking managed risks!
A presentation on what is risk management. (7.5MB)
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Risk Management Objectives
Within the context of our established mission or vision, Members and Senior Management establishes strategic objectives, selects strategy and sets aligned objectives cascading through our Council. Our Risk Management framework is therefore geared to achieving our objectives. Objectives must
exist before we can identify potential events affecting their achievement (both positive and negative).
Risk management objectives (21KB)
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Staffnet links for Risk Management documents

Risk Register
A Risk Register is a management tool that enables the Council to understand its comprehensive risk profile. A risk profile is simply a schedule, list or overall picture of the range of risks that an organisation has to deal with and effectively manage.
The Risk Register therefore is a schedule used to collate all risk information.
Risk Register Template

Risk Rating/Scoring
We need to be able to compare our risks so that we can concentrate our efforts on addressing those that are most important.
To do this, we use the standard approach of giving each risk a score, calculated by multiplying the likelihood score by the potential impact score. The link below gives the scores and indicative definitions of each element of the risk rating/scoring process to help you achieve this.
Risk Register Ratings explained

Risk Management Policy and Strategy
Thelatest Risk Management Policy & Strategy can be accessed via this link to StaffNet