risk management

Risk Management

We are currently assessing our risk management strategies following guidance from London Prepared and Business Link and Crowe Clark Whitehall LLP.

“The level of exposure to uncertainties that the organisation must understand and effectively manage as it achieves its objectives and creates value”  Risk as described by Crowe Clark Whitehall LLP. (CCW)

Relevant to risk assessing the delivery of our programmes, we must attempt to quantify the value of ‘Rewarded Risks’ over ‘Unrewarded Risks’.    

Rewarded Risk:  The primary impetus for taking these rewarded risks is value creation.  Although they might have a significant downside, the potential upside is even greater.  

Unrewarded Risk:  Getting unrewarded risk right doesn’t earn a premium from stakeholders, it simply meets their expectations.  They can’t be ignored, but the primary incentive for tackling them is value protection.  

Different programmes with similar aims delivered in similar arenas abroad, record significantly fewer accidents than other physical activities such as snowboarding, mountain-biking or skiing.  We aim to reach an acceptable balance of benefit maximisation ‘v’ risk minimisation.

 

Information to reduce the risk of personal injury.

Participants: Here is a link to the NHS guide on common sporting injuries, what to do if you get one and preventative measures that can be taken to avoid injury in the first place.