Risk Management

Managing Risk
Managing risk has now become a business necessity. A Boughey Pty Ltd 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 work closely with your business to ensure that all significant potential threats and risks are identified and analysed to determine action plan priority. All appropriate treatments are carefully considered within the risk management program providing optimum results for your organisation in terms of reducing costs and securing positive business outcomes.
Integrated Approach
Our risk management programs follow the general process as laid out in the Australian Standard for Risk Management AS/NZS 4360:2004. With this approach, risk management is used as a strategic tool to develop new opportunities for your business, extending 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 for business planning activities.
In implementing our programs, we carry 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, we carry out one or more of these phases to complement in-house skills or work with other processes in place.

A Boughey Pty Ltd offer the following Risk Management Programs:

Project Risk

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 and 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. 

Our 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. Our facilitation workshops provide ‘hands on’ experience in risk assessment techniques.

Monitor and Review

Our consultants participate as members on review committees to monitor risks, and to evaluate the effectiveness of risk treatment action plans, strategies and management systems.
As very few risks remain static, the effectiveness of risk treatment measures can be monitored to ensure that changing circumstances do not alter risk priorities.
ABPL can regularly audit business systems and processes to ensure that an appropriate risk framework and monitoring program is in place. This process will provide your company with improved governance and a reasonable assurance that risks are being managed.

Documentation and Legislation

ABPL provides services in the preparation and review of legal documentation including tenders, specifications, and contracts, to identify risk exposure.
Stacks Image 75
Stacks Image p83_n2