
	A Boughey Pty Ltd

	Technical Management and Consulting

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Risk Management

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Not everything in life is as idyllic as we would like it to be. The increasing pace and never ending nature of change means that managing risk has now become a business necessity. A Boughey Pty Ltd (ABPL) can provide the framework for the development of an effective action plan that will decrease the level of risk and add value to your business operations.

We are committed to working closely with your business to ensure that all significant potential threats and risks (including opportunities) are systematically identified and analysed to determine action plan priority. All appropriate treatments are carefully considered with the risk management program providing optimum results for your organisation in terms of reducing costs and securing positive business outcomes.


	The major focus of ABPL’s services is the identification and analysis of risks from a business perspective. We will work with you to develop and implement a process-based approach that integrates all areas of your organisation. This involves developing an understanding of your goals, business strategy, organisation, key business issues and critical success factors.

Integrated Approach

Our risk management programs follow the general process as laid out in the Australian Standard for Risk Management AS/NZS 4360:1999. With this approach risk management is used as a strategic tool to develop new opportunities for your business, extending way beyond the traditional risk management focus on minimising losses.

At the conclusion of the program, our clients receive a full report containing the methodology adopted, all working papers, risk profiles, suggested treatments and action plans. ABPL aims to provide its clients with a full risk management planning document, which can be utilised in the business planning activities.

Value Added Outcomes

ABPL believes that risk management is about improving bottom-line performance. The objective of risk management is not to produce a daunting list of unmanageable risks. Rather, the programs and techniques developed by ABPL add value byallowing your organisation to focus on those issues that have the potential to have a significant impact on the success of your company.

Total Risk Management Programs

In implementing our programs, ABPL carries out a systematic review of management policies, practices and procedures before moving to the tasks of identifying, analysing, assessing, treating and monitoring risk. These tasks are usually completed in distinct phases. Where appropriate ABPL can carry out one or more of these phases to complement in-house skills or work with other processes in place.

Project Risk Management

The risk management process can be applied to specific projects or business activities, or whenever a significant change occurs in your organisation. A risk management plan is produced as a result of the process. Specific action plans and monitoring programs are an integral part of the risk management plan.

Business Planning, Quality Assurance

ABPL recommend that risk management strategies be integrated into the business planning activities and quality assurance programs to assist in the achievement of your organisation’s objectives by minimising losses, delays, interruptions, liabilities and unnecessary costs. By virtue of their very nature, risk management strategies can also lead to the identification of business opportunities and the establishment of review programs.

Business Continuity Plans are developed as part of an overall program for key systems, data backup and service agreements to ensure business continues after interruption.

Training and Development

ABPL can design and review the implementation of training and development programs that focus on risk management principles and techniques. ABPL can facilitate workshops to provide ‘hands on’ experience in risk assessment techniques.

ABPL can provide training programs in a number of formats including traditional paper based material as well as more modern computer based training and intranet reference packages.

Monitor and Review

ABPL can participate as a member on review committees to monitor risks, evaluate the effectiveness of risk treatment action plans, strategies and management systems. Risks and the effectiveness of treatment measures can be monitored to ensure that changing circumstances do not alter risk priorities. Very few risks remain static.

ABPL can regularly audit business systems and processes to ensure that an appropriate risk framework andmonitoring program is in place. This process will provide you with improved corporate governance and your Board will be provided with reasonable assurance that risks are being managed.

Documentation and Legislation

ABPL can provide services in the preparation and review of legal documentation including tenders, specifications, and contracts to identify risk exposure.




		Updated: 12 Dec 2003

Risk Information Management

In support of the risk management systems and plans, ABPL has also prepared specific tools that can be employed to directly assist in the identification, analysis, and preparation and monitoring of risk management plans. RIMSYS is a Risk Information Management System in the form of a database in which your risk related information can be stored and managed.


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