Blue asbestos was used illegally as insulation
Blue asbestos was used illegally as insulation
Access to good risk management information is critical
Access to good risk management information is critical
Major disasters can prevent access to otherwise undamaged workplaces
Major disasters can prevent access to otherwise undamaged workplaces
Damage to a water main - a key infrastructure
Damage to a water main - a key infrastructure
The 2007 Ruapehu lahar resulted in closure of roads and the main rail line - supply chains were cut
The 2007 Ruapehu lahar resulted in closure of roads and the main rail line - supply chains were cut
Fire destroyed a distribution centre in two hours resulting in sale of the business
Fire destroyed a distribution centre in two hours resulting in sale of the business
Fire-fighting water run off into an ecologically sensitive lagoon
Fire-fighting water run off into an ecologically sensitive lagoon
Effective corporate governance requires effective risk management
Effective corporate governance requires effective risk management
Do your communications give the right message?
Do your communications give the right message?
Terns living (mostly) undisturbed on a marine platform
Terns living (mostly) undisturbed on a marine platform
Change in iron ore price resulted in thefts
Change in iron ore price resulted in thefts
Oil pollution after a tank was over-filled
Oil pollution after a tank was over-filled
A new exotic disease is identified each year
A new exotic disease is identified each year
Counterfeiting is a major source of risk
Counterfeiting is a major source of risk
A risk management training course for 200 people in the Philippines
A risk management training course for 200 people in the Philippines
The timber industry, a key New Zealand industry
The timber industry, a key New Zealand industry
Unreinforced masonry buildings can collapse in earthquakes, damaging adjacent property
Unreinforced masonry buildings can collapse in earthquakes, damaging adjacent property
Aerosols proved to be a key risk source for a supermarket chain
Aerosols proved to be a key risk source for a supermarket chain
Risk communications should be plain English and written for the target audience
Risk communications should be plain English and written for the target audience
Critical services require effective risk assessments and business continuity planning
Critical services require effective risk assessments and business continuity planning
A risk management training workshop in action
A risk management training workshop in action
New Zealand wool carpets in store
New Zealand wool carpets in store
Bridge destroyed and gas pipeline out of action due to flooding
Bridge destroyed and gas pipeline out of action due to flooding
Transport links and supply chains cut - effective business continuity management needed
Transport links and supply chains cut - effective business continuity management needed
Most organisations are now highly dependent on telecommunications
Most organisations are now highly dependent on telecommunications
A simple human error
A simple human error
LPG storage site meeting international best practice
LPG storage site meeting international best practice
June 2014, war in Iraq - what will happen to oil prices?
June 2014, war in Iraq - what will happen to oil prices?

Welcome to Risk Management Ltd

Risk Management Ltd is a long-established professional consultancy providing mentoring, advisory and training services to clients in New Zealand and beyond.
 
As in many countries, business risk in New Zealand can be due to:
  • business-as-usual activities
  • strategic or project-related activities
  • natural hazards or other external causes.

Our approach to risk in NZ can be described as looking for the many causes of events that could result in many consequences. Our risk assessments frequently use bow-tie analysis to help show risk and control gaps graphically.

We use the protocols set out in AS/NZS ISO 31000:2009 Risk management – Principles and guidelines, AS/NZS 5050: 2010 Business continuity: management of disruption-related risk, HB 89 Risk assessment techniques and related Standards New Zealand and Standards Australia handbooks. 

Our work is evidence-based and we use research evidence to support our opinions and advice. We give best-practice guidance to clients.

Risk management research

Chris Peace is carrying out postgraduate research at Victoria University in Wellington. That includes an anonymous online survey. The survey has now been running for a few months and the following general patterns are starting to emerge.

• Decisions are often supported by risk assessments, but uncertainty and the context are not always mentioned or discussed in detail.

• However, stakeholders are usually consulted as part of risk assessments.

• A simple majority of respondents said they use named risk techniques, suggesting that many do not.

• Risk criteria (risk appetite to some people) were not always developed or used. 

• About a third of respondents work in risk management and about half are in New Zealand and Australia.

• Most have a degree and at least five years experience. 

Where does this leave the survey? More respondentsare are needed from New Zealdnd as well as from other countries. So…

Help please!

Participate in the anonymous online survey that forms part of this post-graduate research and helpgive a broader picture of risk management practices. 

The survey is open to anyone whose work involves any part of decision making, management, or risk management. You should find it professionally interesting and stimulating! 

Chris will be presenting survey results at the Risk NZ conference in October 2014. Also, a working paper containing the results will be posted on this website. 

If you’re ready to start please click through here

Thank you!