New Risk Management Series

Organised in co-operation with Aon Risk Services, the Institute of Directors and the Northern Ireland Audit Office, 'Managing Procurement Risk' is the first in a new series of Risk Management workshops focusing on key aspects of risk and how it is managed.

As in the previous series there will be a heavy emphasis on discussion -- on encouraging people from both the public and the private sectors to reflect on their experiences and the arrangements they have in place.

Avoiding uncertainty can be inherently difficult; people tend to be influenced more by what is salient, rather than what is probable. But in discussing possible scenarios and possible risks, this second series will again encourage the taking of properly considered and well-managed risks - in effect balancing prudence and internal control with permissiveness and licence to seek better outcomes and improve products and services.

Even the most sophisticated risk management tools cannot ensure that risks can always be identified and avoided. Potential nightmares arise when the organisation knows less than the individuals who comprise it; but good risk management and this series will seek to address avoidable threats and nightmare scenarios by offering some practical guidance on how governance arrangements and structures around risk can be improved. At the same time it is recognised that innovation -- finding ways to do things differently and so improve outcomes, efficiency or competitiveness -- is crucially important so that improvement initiatives are likely to involve risks that will need to be managed. Quite simply, things are unlikely to get better unless some risks are taken.

This series of workshops will consider different dimensions of risk. This first one to be held at the Ramada Hotel, Shaw's Bridge on the 25th September will discuss 'Managing Procurement Risk'. The second and third workshops will discuss, respectively, 'Challenging Risk at the Boardroom Table' and 'Managing the Risks of Supply Management'. These will be held in Conference Room 1 at Riddel Hall, the Queen's University Graduate and Executive Education Centre, 185 Stranmillis Road, Belfast. Preceded by a light lunch, all three workshops will start at 1.00pm and finish at 3.30pm.

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