Dialogue 3.
Date: 2015-10-07; view: 485.
Dialogue 2.
| A: | I am interested in the risk management standard. Do you know, who worked this standard out? |
| B: | The risk management standard is the result of work of a team of specialists from the major risk management organisations in the UK – The Institute of Risk Management, The Association of Insurance and Risk Management and ALARM The National Forum for Risk Management in the Public Sector. The standard also used terminology for risk set out by the International Organisation for Standardisation (ISO). |
| A: | I see, and what does this standard include? |
| B: | The main issues that the standard deals with is terminology related to the words used, process by which risk management can be carried out, organisation structure for risk management and objectives for risk management. |
| A: | I wonder who should identify risk. Are there any companies dealing with this kind of services or should every company have its own specialists? |
| B: | Well, you see, risk identification can be carried out by outside consultants, but an in-house approach is likely to be more effective. The main aim of risk identification is to identify an organisation's exposure to uncertainty which requires an intimate knowledge of the organisation, the market in which it operates, the legal, social, political and cultural environment in which it exists, as well as the development of a sound understanding of its strategic and operational objectives, including factors critical to its success and the threats and opportunities related to the achievement of these objectives. |
| A: | Who should the company report the results of risk identification to? |
| B: | They should be reported both internally and externally. I mean the board of directors, business units and individuals within the company and stakeholders outside the company. The only difference is that all of them need different types of information. |
| A: | Well, this all sounds really interesting. Do you think I could find more information in some books? |
| B: | Of course, if you come to my office I'll give you the list of the best publications on the topic and answer your questions. |
| A: | Thank you so much. I appreciate it. Good-bye! |
| B: | Good-bye! |
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