Not-for-Profit Risk Management Framework
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Not-for-Profit Risk Management Framework
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© The Z/Yen Group of Companies 2008
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Z/Yen has worked with many different organisations to implement a meaningful framework for managing risk. This enables them consistently to:
Z/Yen's risk management framework is based on a viable systems model. The viable systems model states that all successful systems in complex environments have seven identifiable elements working together, viz: the implementation elements - input, process, output; the intelligence elements - feedforward, feedback; and the management elements - monitoring and governance. The overall risk management framework must take account of each of these elements.
For instance, working with a global environmental charity, Z/Yen implemented a risk management framework to make the charity and staff aware of emerging and existing risks. Using the framework over time enabled the charity to spot key external risks, including the potential of losing some crucial funding, so they could re-address their funders' needs in time to avert a crisis, while simultaneously looking to new types of funding. Z/Yen's risk management framework allows charities not only to meet their legal requirements for risk management, but also to make risk and reward management an integral part of their organisation, and ultimately to improve performance. |
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Z/Yen
works with not-for-profit organisations to implement a tailored risk management
framework which will enable them to assess and manage risk throughout the
organisation. Each framework is specific to the organisation, but is likely to
include common elements, including a manual, risk management forms and
procedures, a risk register, policy register, insurance schedule and links to
operational plans. The structure is based on Z/Yen's problem-solving
methodology,