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WORKSHOP
LEADER(S) |
Professor
Stephen Ward |
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WORKSHOP
SYNOPSIS |
A
necessary condition for effective RM is a clear
understanding of why RM is being undertaken. However,
the full scope of benefits from RM will not be
achieved unless the full range of related objectives
is identified and actively pursued. This means
pursuing objectives for RM on four levels:
•
achieving particular aspects of the RM process;
•
contributing to the management of particular application
contexts;
•
measurable improvements in corporate performance;
•
fundamental improvements in RM capability.
These levels form a tentative
hierarchy with achievement of level one objectives
contributing to level to objectives and so on.
Limited efforts at lower levels will make achievement
of objectives at higher levels that much more
difficult The use of documented formal RM processes
can contribute at all four levels of objectives.
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MAIN
TOPICS TO BE COVERED |
1Benefits
or objectives? |
2
Process focused objectives |
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3
Application focused objectives |
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4
Performance focused objectives
5 Strategic
capability objectives
6 Links
between levels of objectives |
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CURRENT
POSITION AND COMPANY |
Professor
of Risk Management
University
of Southampton |
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BACKGROUND
|
Stephen
Ward is the lead examiner for the IRM's Associate
Diploma module Risk management: Organisation and
Context. He is the founding Director of Southampton
Univeristy's MSc in Risk Management.
Professor
Ward's teaching interests cover a wide range of
management topics including: decision analysis,
managerial decision processes, insurance, operational
and project risk management, and strategic management.
For more than twenty years his research and consulting
activities has focused on risk and uncertainty
management.
He has
published widely including two books co-authored
with Chris Chapman: Project Risk Management-
processes, techniques and insights (Wiley,
second edition 2003), and Managing Project
Risk and Uncertainty- a constructively simple
approach to decision making (Wiley 2002).
His latest book Risk management: organisation
and context is due for publication by Witherby
in the Autumn, and is on the reading list for
the IRM Associate Diploma in Risk Management. |
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QUALIFICATIONS
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BSC,
MSc, PhD, FIRM |
