Governments face enormous challenges in attempting to identify, analyze and mitigate risks across vast programs, large numbers of people and locations and increasing public pressure. Public sector leaders face expectations from citizens, businesses, elected officials, and employees to ensure the safety of our transportation, energy, defense and infrastructure systems.
All types of governmental agencies – local, regional, national and international – need to strategically and consistently identify safety risk and hazards; analyze their impact on the public, program or infrastructure; determine the best way to mitigate or minimize the impact of those hazards and develop plans to monitor the effectiveness of the efforts to control those risks in the field. Finally, governments need an effective way to understand the risks and hazards they are exposed to and report on that information in a timely and accurate manner.
Whether you subscribe to an ISO 1400 or the new ISO 31000 model of risk management, one thing is for certain, risk has a lifecycle and managing that lifecycle with integrated operational risk management is the best method of reducing risk, meeting objectives and fulfilling the role of government.
Effective safety and risk management starts with a clear understanding of the kinds of risks that impact your programs or your agency. Using a standard way of identifying and analyzing risk improves your ability to understand those risks and improves how you work to lower them over time.
| Challenge | Solution |
| Legacy risk management processes, systems and infrastructure that increase exposure to risk | Integrate Risk Management Processes – Stature is a platform for innovative, integrated, and intelligent safety and risk management, providing governments with the ability to understand and mitigate risks and lower costs, improve safety and drive service delivery. |
| Inconsistent risk culture and weak or unenforced policies for managing risk | Drive Risk Culture – Using Stature you can develop a consistent framework for risk management across your program or agency and embed operational risk management and governance into your culture. |
| Limited visibility into what will impact the department, agency or public next | Gain Critical Risk Visibility – Stature empowers government program managers and agencies with information to identify critical safety risks, events, hazards, key performance indicators or trends. |
| Lack of a consistent, standard format for risk identification, analysis and mitigation, making information sharing across functional groups difficult | Reduce silos – A common risk framework across your program or agency ensures that everyone is speaking the same risk language, helps develop a unified risk culture and ensures that you are always aware of the risks that can impact safety. |
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Long reporting cycles that render information out-of-date and limit immediate action |
Automate Key Risk Processes – Stature takes mission-critical business processes and makes them actionable. By automating the business process, leadership can be confident that key risk processes are being actively managed, monitored and mitigated. Integrated escalation, notification and scenario-based lifecycles ensure all aspects of the risk process are covered. |
| Reduced budgets and resources to effectively manage risk | Maximize Resources – Stature ensures that your risk management and audit teams are spending less time gathering information and more time lowering risks. |
| Minimal transparency into risk management practices by senior leaders | Act decisively – Effective operational risk management with Stature allows senior leadership, stakeholders and program management to make better decisions with more accurate information. |
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