3.7 Demonstrate ways of assessing the effectiveness of risk management practice

Course: NVQ Level 5 Diploma In Leadership & Management for Adult Care

Unit 8: Safeguarding, Protection, and Risk

LO3: Understand restrictive practice and potential impact

3.7 Demonstrate ways of assessing the effectiveness of risk management practice

There are many ways to assess the effectiveness of risk management practice. One way is to look at the results of the example you are using. If the risk is low, then it should be tolerated and managed as such. If the risk is high, then we should try to mitigate or isolate it as much as possible before finding a solution that can work.

Another one of the ways to assess these things is to look at the underlying theory behind it. The further you can go in theory, the better off you are. If you are unsure of exactly how to proceed in example one, it is good practice to seek advice from individuals who have had past experience delivering similar systems/upgrades. This helps you get a deeper understanding of how the risk management practice operates and it also minimizes the transfer risk in case there are any user serviceability issues that cause interruption or hamper the execution of this practice.

There are different field guides that provide hands-on examples of best practices in risk management practice. They can be found in the financial application domain, such as the ones proposed by Deloitte (technology risk). The best examples would be ones that have measures to evaluate the protection it is providing to the assets, testing, and appraisal. One field guide that gives pilots, who are considered mature or experienced in implementing these countermeasures, an adequate level of control over their applications is the SET Manual on Configuration Management and Risk Assessment Validation Framework.

The latest guide has also been evaluated from a risk management point of view, as it contains historic examples based on proven best practices put in several different environments but validated through tests implemented according to its publications. There are also other guides that can provide instructions for fresh-faced partners/contractors who are recently graduated from IT Institute. Overall, benchmarks need to be calibrated (purpose of testing) in order to detect gaps in understanding.

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