Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

NEW INITIATIVE TO ESTABLISH BRITISH STANDARD FOR RISK MANAGEMENT

  • Comment
A tri-partite initiative by the three leading risk management bodies in Britain has been launched with the objectiv...
A tri-partite initiative by the three leading risk management bodies in Britain has been launched with the objective of defining a new internationally-recognised British standard for the practice of risk management.

The three professional organisations involved - ALARM (the Association of Local Authority Risk Managers), AIRMIC (the Association of Insurance and Risk Managers), and IRM (The Institute of Risk Management) - have commissioned a project team to produce the definitive parameters and standards for risk management.

The team will be led by David Ovenden, former head of insurance and risk management for P&O, an associate of the CII, fellow of the IRM and a former AIRMIC chairman (1987/88). The initiative aims to review and revise existing standards and produce new criteria for the evolving role of risk management in Britain, in the 21st century.

From its spring start, the project team is planning a six-monthly preparatory period before its proposals are published for consultation. When the new RM Standards are established they will be offered for adoption within the evolving risk community.

After a period in operation of around one year, the standards would be submitted to the British Standards Institute for its official BSi ratification, prior to a similar submission to the International Standards Organisation (ISO) for world-wide recognition.

Announcing the new initiative, at the ALARM annual conference at the University of Warwick, Coventry, Terry Simister, chairman of IRM, and overseeing chairman of the project, said: 'The management of risk has evolved in recent years and there has been a growing groundswell for a fresh look at the essential requirements, codes of practice, and levels of competence required for this demanding discipline.

'With the authoritative backing of ALARM, AIRMIC and IRM, the work being undertaken to create new Standards, may well act as a seminal guide for other risk management practitioners in the world.'

NOTES

ALARM (the national forum for risk management in the public sector) is an organisation which represents risk managers working for local authorities or the public sector.

It has more than 1,100 members, representing the vast majority of local authorities. The association's aims are to enable local authorities and the public sector generally to develop and implement successful risk management strategies. It is committed to supporting and raising the profile of best risk management practice, promoting education, training and research and disseminating information.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.