The Institute of Risk Management (IRM) and the Cambridge Centre for Risk Studies (CRS) at the University of Cambridge Judge Business School have announced a new research partnership. The primary focus of the work will be to review the risk management practices of major organisations and to determine how they are adapting to meet future challenges and opportunities, particularly those posed by rapid technological developments.
IRM Chief Executive, Dr Ian Livsey, said
‘Our members have day to day responsibility for risk management in organisations around the world and they deserve the highest standards of research support to provide a strong foundation for their work. We want to know what’s happening, what works and how the best organisations are preparing for future risks. We welcome this opportunity to connect the innovations and achievements of the Cambridge team in scenario development, network analysis, risk modelling and impact assessments with the practical concerns and experience of our members. We are also looking forward to sharing knowledge and events and building a mutually beneficial network with the Cambridge Centre.’
Dr Michelle Tuveson, Executive Director of the CRS said
‘Our new partnership with IRM provides a new channel to ensure input from practicing risk professionals into the work of the Centre. Helping organisations manage risk, of all types, better in the future is a key objective for us and we welcome the chance to advance our research with IRM support.’
The international research work will involve IRM members in surveys, interviews and round table discussions. The research will focus on sectors where the IRM is detecting strong interest in building risk management capability such as oil and gas/energy, infrastructure and construction, public sector including health and local government, and financial services, including banking and insurance.
Carolyn Williams, Director of Corporate Relations, will be leading the project at IRM.