Welcome to the Wind Energy Update Offshore Wind Risk Summit 2012 Risk Management Maturity Level Assessment Survey
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Risk Management
Maturity Level Assessment Survey
To be successful, an Offshore Wind Farm Project must incorporate a strong Risk Management Programme that provides ‘Risk Intelligence’, meaningful information which ensures the right decisions are made at the right time.
As a starting point, Offshore Wind Farm Projects must begin by assessing their unique Risk Management Maturity Level, or ‘Capability To Perform’ risk management strategies. Only then can realistic targets and action plans that effectively manage risk be implemented.
Consisting of 9 multiple choice questions benchmarked against industry best practices, the following survey has been created to make a preliminarily assessment of your organisation's current Risk Management Maturity Level.
At the conclusion, you will have a preliminarily assessment ranking of either 'NOVICE', 'INTERMEDIATE', or 'EXPERT' Risk Management Maturity Level including an overlayed summary of all other responses compared to yours.
If you have questions about the survey or procedures, you may contact us directly on +44 (0) 758 345 2246 or email at [email protected].
Thank you, as your time and support is very much appreciated.
Lita Cuen, CEO, LC RISQ & Associates
Please start the survey by telling us what your native language is...
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What is your first language preference:
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Risk Management Principles, Policies & Methodologies |
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RISK MANAGEMENT PRINCIPLES: Represent an organisation's ability to add value and be an integral part of the organizational risk management process such as: 1. Involvement of Stakeholders, 2. Organizational Objectives, 3. Reporting, 4. Roles and Responsibilities, 5. Continuous Improvement
RISK MANAGEMENT POLICIES: Represent an organisation's commitment to risk management, clarifies its intentions and provides general direction
RISK MANAGEMENT METHODOLOGIES: Represents an organisations risk management methodology and framework, i.e., ISO 31000:2900, COSO, AS/NZS 4360:2004, COBIT, etc., of which its risk management processes can be efficiently performed
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Please select one answer that best represents your organisation's risk management principles, policies and methodologies
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Risk Management Capabilities & Processes |
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RISK MANAGEMENT CAPABILITIES: Represents an organisation's capability to actively perform the risk management process and achieve its risk management strategies
RISK MANAGEMENT PROCESSES: Represents an organisation's ability to effectively identify, assess, mitigate, communicate and manage its risks
Organisations that continuously improve their risk management capabilities in building strong risk management processes have at least a 70% better probability of reducing their overall Offshore Wind Farm risk exposure
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Please select one answer that best represents your organisation's risk management capabilities and processes
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Risk Management Information System (RMIS) Data Capture & Assessment Tools |
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Organisations that capture, analyse and manage their critical risk information within a 'real-time' web-based analytical relational database ensure confidence and credibility of the risk data being managed |
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Please select one answer that best represents your organisation's risk management data capture and assessment tool
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RISK REPORTING: Is key to adding value and is the one element that brings it all together and in many cases, stands between success and failure of the risk management process
Organisations that have open risk reporting have a 60% greater probability of effectively managing their risks across multiple layers within its business infrastructure |
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Please select one answer that best represents your organisation's risk management reporting capabilities
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Risk Management Knowledge, Skill Sets & Expertise |
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RISK MANAGEMENT KNOWLEDGE: Represents an organisation's familiarity or practical understanding of the risk management process
RISK MANAGEMENT SKILL SETS: Represents an organisation's qualifications and current abilities to perform risk management in a competent manner
RISK MANAGEMENT EXPERTISE: Represents an organisation's demonstrated in-house ability to apply risk management skills, knowledge and experience |
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Please select one answer that best represents your organisation's current risk management knowledge, skill sets and expertise level
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Organisations that incorporate risk management training continuously improve their risk management performance and return on investment
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Please select one answer that best represents your organisation's current risk management training efforts
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Risk Management Communication |
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RISK COMMUNICATION: A main goal of risk communication is to improve decision making, reduce anxiety around risks and raise awareness of risks which key stakeholders are not engaging
Incorporating effective risk communication in the Offshore Wind Farm Project Lifecycle eg. development, construction, operations and maintenance which collaboratively communicate, meet and share accountability of all their internal and external risks, improve on-time deliveries by up to 30%, reduce inventories by 20% and increase productivity by 50 - 75%
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Please select one answer that best represents your organisation's risk management communication ability
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Risk Management Performance / Return On Investment (ROI) |
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Organisation's that proactively identify risks, develop effective mitigations, incorporate tight controls and institute effective contingency planning greatly improve their risk reduction efforts by 75% |
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Please select one answer that best represents your organisation's risk management performance and return on investment
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Risk Management Support From Senior Management |
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Please select one answer that best reflects your organisation's senior management attitude and participation
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Thank you for completing the Offshore Wind Risk Summit 2012
Preliminary Risk Management Maturity Level Assessment Survey
Based on your response, your overall Risk Management Maturity Level Score is:
0.0
If your score is between 63 - 80, you are considered by industry Best Practices as operating within a ‘Novice’ risk management capability level:
The probability of your organisation experiencing a critical failure resulting in major cost overruns and missed unrecoverable timelines is substantial
If your score is between 81 - 90, you are considered by industry Best Practices operating within a ‘Intermediate’ risk management capability level
The probability of your organisation experiencing avoidable cost impacts and unessesary schedule delays due to inconsistant risk management processes is greatly increased
If your score is between 91 - 100, you are considered by industry standards operating within a ‘Expert’ risk management capability level
The probability of your organisation experiencing cost savings and ahead of schedule completions is significantly enhanced |
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Thank you very much for your time and effort to complete this survey
We acknowledge and appreciate your time and participation in this very important information gathering initiative
If you would like more information about how a more in-depth, customised Risk Management Maturity Level assessment can be developed for your organisation, please contact:
Lita Cuen, CEO, LC RISQ & Associates Tel: 1 (310) 406-5684 US Tel: + 44 (0) 758-345-2246 UK Fax: +1 (310) 988-2913 E-mail: [email protected] www.lcrisq.com
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