cuyahoga county public policy fellowship...
TRANSCRIPT
Cuyahoga County Public Policy Fellowship Program
Seminar
Michael Milano
Law Department: Risk Management
Risk Management
Risk Management - Definition
Risk Management is defined as the systematic way of ensuring protection of business
resources and income against losses so that the goals and vision of the business can be
reached.
What is theRisk Assessment Process?
• Byproduct of my initial assignment
• Based on COSO Enterprise Risk Management
• Purpose: policies and procedures for County
– Identify Risks
– Assess Risks
– Respond to Risks
Risk Assessment Process
• A risk = an event with a negative impact
• Negative impact = anything that would impede County objectives
• County objectives = continued operations, and ability to grow
Risk Assessment Process
Risk Identification
Risk Assessment
Risk Response
Monitoring
• Physical list• Methods
• surveys• discussions• staff reporting
Risk Assessment Process
Risk Identification
Risk Assessment
Risk Response
Monitoring
Mock Scenario
Objectives: Continued household operations
Primary activity: cooking dinner
Risk Assessment Process
Risk Identification
Risk Assessment
Risk Response
Monitoring
Mock Scenario
• Fire hazard• Cutting self with knife• Not making enough food• No containers/space for leftovers• Not having a working fridge
• Damaging pan• Over cooking• Under cooking• Serving allergic • No ingredients
Risk Assessment Process
Risk Identification
Risk Assessment
Risk Response
Monitoring
• Ranking and prioritizing identified risks• Frequency• Severity
• Analyze• Causes, effects, and current controls
Risk Assessment Process
Risk Identification
Risk Assessment
Risk Response
Monitoring
• Mitigation Policies• Risk Reduction• Risk Elimination• Risk Transfer• Risk Acceptance
Risk Assessment Process
Risk Identification
Risk Assessment
Risk Response
Monitoring
• Accounting for identified risks• Evaluating implemented recommendations• Evaluating and enforcing Risk Assessment Process• Data Collection
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet
• Meet the team• Intro to Risk
Management• Intro to
Assessment
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet
• Administrative matters• Identify areas of risk• Obtain past data
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet
• Fireman’s Fund• Current Datacenter• Review of bid drawings
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet
• All types of IT contracts• Provisions
• Indemnification• Insurance• Limitations of Liability• Warranties
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet
• Site visit and questions• causes, effects, current controls
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet
• Organize and communicate• Risk Responses
IT Assessment
• Introductory meeting
• Questionnaire
• Walk-thru
• Contract list
• Follow ups
• Report
• Scoring Sheet • Rank and prioritize
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