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Y2K 'PROVED VALUE' OF RISK POLICY

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Local government's handling of the Y2K computer problem proved the value of sound risk management, ALARM chairman D...
Local government's handling of the Y2K computer problem proved the value of sound risk management, ALARM chairman David Fleetwood told delegates.

Mr Fleetwood said: 'The tremendous amount of testing was expensive and time consuming, but it worked.

'The problems experienced by the public sector were minute. Remember all the doom-laden forecasts in the months running up to millennium eve.

'For many, notably in the media, the fact the Y2K bug did not bite turned the event into a damp squib and raised doubts there had been a problem in the first place.

'Risk management was damned if it did not tackle the danger, damned when it did. In my mind, it did so successfully.'

ALARM is developing a national risk management standard in conjunction with other UK risk management bodies.

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