Oops Risk Management

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OopsRisk Management

• Steve Cartwright, Partner
• David Smith, Partner

Featuring
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Risk Management 8 steps

• Identify risks
• Potential impact
• Controls to mitigate risks
• Score Severity
• Score Occurrence
• Score Detection
• Do the arithmetic
• Action plans to get high scoring risks down.

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Scottish Seabird Centre

• Perched on a rocky outcrop at North Berwick
  Harbour
• Five Star visitor attraction
• A world leader in remote wildlife viewing

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Why risk management?
We wanted to ensure that the charity is being
correctly managed and that all risks are
identified and effectively addressed. The
process has provided the management team with a
much better understanding of the operation of the
entire business and the challenges and
opportunities involved. Tom Brock, Chief
Executive, Scottish Seabird Centre

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Risk Areas

• Governance and management
• Operational
• Financial
• Environmental external
• Compliance

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• Identify Risks

• Governance and management

The charity lacks direction, strategy and forward
planning.
Trustee body lacks relevant skills or commitment
Organisational structure
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2. Potential impact
The charity lacks direction, strategy and forward
planning.

• The charity drifts with no clear objectives,
  priorities or plans
• Issues are addressed piecemeal with no strategic
  reference
• Needs of beneficiaries not fully addressed
• Loss of reputation

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3. Controls to mitigate risks
The charity lacks direction, strategy and forward
planning.

• Business plan to be updated
• Annual budgets
• Regular trustee meetings
• Mission in place
• Regular mgt meetings
• Only partial buy in of mission
• Internal/external communication
• KPI s in place

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Risk Scoring (steps 4, 5, 6 7)
The charity lacks direction, strategy and forward
planning.
OCCURRENCE
DETECTION
SEVERITY
SCORE
IMPACT CONTROLS
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3
2
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The charity drifts with no clear objectives,
priorities or plans Issues are addressed
piecemeal with no strategic reference Needs of
beneficiaries not fully addressed Loss of
reputation
Business plan to be updated Annual
budgets Regular trustee meetings Mission in
place Regular mgt meetings Buy in
of mission Internal/external communication KPI
s in place
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Environmental risks

• Recent examples

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Making headlines
Sun
The
BIRDBRAINS DUMP FLOCKS
Panicking poultry owners dump their livestock in
the wild because of the avian flu threat.
Sun
Sun
LABOUR DUCKS BIRD FLU THREAT
The
EXPERTS warn that Britain is still ill-prepared
for bird flu.
Daily Record
FORTH WHIFF GETS RIGHT UP MY NORSE
Stench hits Norway
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Workshops - Edinburgh

• Identify score 3 key risks within any risk area
  using

• Royal Yacht Britannia

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Risk Management 8 steps

• Identify risks
• Potential impact
• Controls to mitigate risks
• Score Severity
• Score Occurrence
• Score Detection
• Do the arithmetic
• Action plans to get high scoring risks down.

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Making headlines
Sun
The
YOUNG LAD IS BRAD PIT WITS
11-year-old wannabe accountant Bradley Cates is
Countdown's latest mini brainbox
Sun
Sun
CADBURYS SCREAM EGGS
The
Choc horror for trainee accountant who bit into
ant-infested Easter treat
Daily Record
The firm which helped create the worlds first
cloned animal, Dolly the sheep, is to close.
DOLLY PARTIN
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Contacts
David Smith
dds_at_hendersonloggie.co.uk

scc_at_hendersonloggie.co.uk
Steve Cartwright
Jandy Stevenson
jms_at_hendersonloggie.co.uk