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Risk Management Systems
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Risk Management Systems
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The goal:
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incorporating into client operational processes - prevention, reduction, and control of risk. |
Primary objectives:
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establishing effectiveness, monitoring, and assessment components. |
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risk management systems that operate in real-time, the ability to implement intervention(s) while the risk is evolving. |
Our systems use computer-based programs that integrate, track, and manage
information with rapid retrieval for review and to support action.
Some of our risk management systems include:
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School Health and Safety - violence prevention, environmental and facility hazards |
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Industrial and Transportation Health and Safety |
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The Health of Structures |
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Building and Facility Indoor Air Quality (IAQ) — mold, bacteria, particulates (asbestos, lead), volatile organic chemicals (formaldehyde) |
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Healthcare Delivery |
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Security |
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Preparedness to Defeat Threats |
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Environmental Quality Issues |
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Compliance |
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Audit |
Penalties for offenses are only part of the cost of an incomplete risk management system. Also contributing to the costs are the time for administrative and legal responses, legal proceedings, and the negative impacts of publicity about investigations.
Two examples of interrelated yet independent systems are described.
COMPLIANCE SYSTEM
Compliance is the established practice of meeting the policies and procedures
designed to ensure that an entity and its employees are following the regulations
and laws that apply to its business and other activities. Risk Management Strategies
and Systems develop compliance programs for clients from industry, insurance,
educational institutions, the legal profession, environmental quality, and healthcare
delivery. Compliance specialists and other experts participate in the consultation
services, program development, planning, implementation, and assessment.
The benefits of a compliance system include:
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Reduction of any existing civil or criminal liability |
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Prevention and/or reduction of administrative or civil penalties |
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Identification of existing unethical, illegal, or criminal activity |
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Mechanisms for internal reporting of concerns by employees and managers |
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Reducing the risk of governmental investigations |
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Assisting employees, managers, and others in identifying and preventing improper activities |
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Implementing prompt internal investigations with appropriate responses and documentation |
We will develop compliance materials and systems including all documents, in electronic formats for optimal utilization and information retrieval. Monitoring, tracking, reporting, updating, and outcomes assessment tools can be incorporated.
AUDIT SYSTEM
Audit is the process (performed internally and/or by external independent regulatory,
certifying, or other sources) verifying the impact of the established compliance
program. It results in the detection of risk areas and vulnerabilities for correction.
It is important to know how well you are prepared.
Major factors that help reduce risk are:
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Written and readily accessible compliance standards and procedures |
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A structure for compliance administration |
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A policy for the discretionary delegation of authority |
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A consistent system for employee and management compliance education and training, and periodic retraining |
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Written procedures for monitoring and reporting |
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Active documentation |
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Compliance standards enforcement |
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Intervention responses |
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Prevention approaches for the future |
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System assessment |
Risk Management Strategies and Systems Group supports client audit preparation,
audit success, and any necessary post-audit re-mediation and conflict resolution.
We will develop an audit preparation system in electronic format customized
to meet client needs for enhanced effectiveness and ease of use.
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