Managing and Reviewing Risk

Public sector bodies have made great strides in governance and risk management. Since 2000 a succession of excellent papers and reports have been created by The Treasury, The Strategy Unit, The National Audit Office, the Office of Government Commerce and others, each containing guidelines and best practice principles for ensuring that the business of government is delivered in the best interests of all its stakeholders. In addition, a vast body of accessible works exist from other countries or professional bodies and every area of government has introduced policy and procedure relating to governance and risk management.

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The Current Challenge

Today’s challenge is not so much about the identification and quantification of risk as this has largely been addressed; today it is more about the continuous review and management of risk and ensuring that the process of risk management is robust and consistently embedded throughout the organisation and, most importantly, tied into the achievement of organisational goals.

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How Can Software Help?

A software solution, such as Acertus™ Governance can address this current challenge. In particular it will:

• guarantee consistency of approach across and between departments or groups
• encourage and entice widespread participation in the process
• place risk and governance in the context of achievement of objectives
• support process workflow and provide early warning and escalation
• provide comprehensive, role specific, graphical information dashboards
• allow for independent assurance on risks, controls and other mitigation actions
• help achieve an ‘Excellent’ CPA (or equivalent) rating

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Governance, Risk and Compliance (GRC) in a Box

GRC in a Box combines Acertus Governance software with state-of-the-art IBM server technology, and can be supplied with or without your preferred database and web server options. GRC in a Box is available in three differently packaged options, Small (10 users), Medium (50 users) and Large (100 users), and each package includes all of the services needed to install, configure and commission the software successfully as well as a support and maintenance package.

The GRC product has proven capabilities and will get used by those responsible and accountable for risk management and reporting. By clearly linking risks, controls, actions and losses to organisational, departmental or even personal objectives, users are constantly aware of the importance of ongoing review and management to ensure objectives are met. Advanced user interface designs and intuitive graphical dashboards make the application very simple to use for risk owners, managers and risk professionals alike.

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Why Choose GRC in a Box?

Public sector organisations have to take their governance and risk management activities to the next level. They need to move the issue out of the hands of the few and into the minds of the many. They need to engage risk owners inthe process and embed a consistent and rigorous approach across the organisation. The GRC in a Box solution is an ideal platform from which to grow an extensive and comprehensive framework for governance and risk management.

Acertus™ Governance is already successfully used by central and local government organisations as well as giants of the private sector, including UK Identity & Passport Service, Brent Council, The Capita Group Plc, Kingston University, Coca-Cola HBC, Thus Plc, Teekay Shipping and Pepsi Cola. Hardware and software are from IBM and expert IT services from Q Associates makes this a risk free and future-proof solution that will deliver significant, repeatable benefits to your organisation. Those benefits include:

• Greater likelihood of achieving objectives
• Less resources spent on fire-fighting and remedial activities
• Better management and results from projects and other change initiatives
• Reduced insurance premiums; better value from insurance
• Rapid and enthusiastic adoption with minimal training
• Minimal disruption and low cost of ownership

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Click on Governance, Risk & Compliance for the Public Sector to request further information or pricing or call Lindsay John Cox on Tel: 0208 481 3883