• Definitions of risk
• Definition of risk management
• The difference between pure risk and speculative risk
• The difference between insurance risk management and "holistic" or business risk management?
• The main categories of risks faced by public sector organisations
• Exercise 1 - Legislative and other requirements to manage risk in the public sector 
  Delegates to be split into groups to consider 
  (a) whether there is any legislation that imposes a specific duty or strongly implies the need to manager risk in public sector bodies. Here I would expect them to come up with things such as best value legislation in local authorities, health and safety legislation, food safety legislation, environmental legislation, common law general duty of care etc. 
  (b) any other requirements imposed on individuals or business activities which support and encourage the management of risk. Here they could mention insurance policy requirements etc. We then give them some more answers in the next session!

• The evolution of public sector risk management and corporate governance
• Why risk management is such a current, hot topic
• How risk management fits into a corporate governance framework
• The Turnbull requirements for managing risk
• The CIPFA/SOLACE requirements
• NHS Assurance and the Treasury "Orange Book" requirements
• Exercise 2 - a high profile disaster. Thinking "outside the box". 
  Delegates to be given a summary of the enquiry findings into Herald of Free Enterprise disaster and split into groups to 
  (a) consider and list the losses associated with the disaster 
  (b) Identify some of the management failings which led to the ship setting ail with her bow doors open
• The AUS/NZ Risk management standard and the ALARM/AIRMIC/IRM Risk Management Standard

• Top level commitment
• Risk management strategy and policy
• The role of the Risk Manager
• Risk management groups/committees
• Communicating risk management throughout the organisation

• Risk Identification
• Risk Analysis
• Risk Control
• Risk Financing
• Risk monitoring and Review
• Approaches to risk management

• Risk Categories
• Team Exercise 
  Delegates to be split into groups and given one organisation/department/function on which to focus the exercise. Then (1) Identify the business objective of the area chose (2) Use the risk categories already discussed to help identify significant events or hazards which could threaten the achievement of objectives (3) nominate a group spokesperson for the feedback session
• A best practice Business Risk process
• Risk workshops
• Alternative approaches
• Opportunity - the flip side of risk

• Risk perception
• Risk ranking
• Team exercise

• Assessing the risk
• Measuring the likelihood and frequency of risk
• Using the results to plot a risk matrix
• Risk registers

• Hazard and operability studies
• Fault tree analysis
• Using probability in risk assessment

• A reminder of the risk management cycle
• Risk control techniques - the 4 T's

• Case study - Kings Cross Fire
• Fire risk control
• Theft
• Employee theft and fraud

• Why do we need to protect people at work?
• Health and Safety Legislation
• Corporate Killing
• Accident types

• The role and objectives of risk financing
• The cost of risk
• Risk financing objectives
• Risk financing variables
• Risk financing techniques
• Forms of contractual risk transfer
• Self insurance

• A reminder of the risk management cycle
• The Turnbull requirements for monitoring and review
• The CIPFA/SOLACE requirements
• NHS Assurance and the Treasury "Orange Book" requirements
• Objectives of the risk review process
• Case study - Piper alpha
• Case study - The herald of free Enterprise
• Case study - Challenger Space Shuttle Explosion
• Risk monitoring techniques
• Who should monitor and review risk?

CAN IT WORK IN PRACTICE? - CASE STUDY OF A RISK MANAGEMENT FRAMEWORK FOR A LOCAL AUTHORITY

We can use Wycombe District Council's example