Edition
5/2000
IEA is
pleased to present the August edition of the IEA Sport Monthly Update. This monthly publication will address topical
issues specific to the management of sport. For
free subscription to this newsletter please join our mailing list (refer home page of website, www.ieasport.com.au). The newsletter will be delivered via Email only.
We
welcome questions from subscribers which will be addressed in future editions of the
Monthly Update.
What
Should Your Risk Management Policy Look Like?
As part
of the service provided by IEA to the sport industry we conduct a number of risk
management seminars and workshops with various organisations. A common question
asked is, "what will we actually end up with at the end of the process?"
This question does not relate to benefits resulting from the risk management program from
a risk control perspective (the necessity for the program is rarely an issue), but rather
what systems and physical resources from a documentation perspective will result.
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In
reality there is no "master model for all organisations". What may be
appropriate for one organisation may be totally inappropriate for another. There is
an extremely broad spectrum of "players" in the sports industry, ranging from
the grassroots club, which relies wholly and solely on volunteers giving their valuable
and ever decreasing spare time for no financial reward (the backbone of Australian sport)
to the fully professional sporting business, turning over millions of dollars each
year. The human and financial resources of sporting organisations can be poles apart
and their respective risk management programs must provide for these variables.
The aim of risk management is to minimise
losses and maximise opportunities, which is closely aligned to improving safety - not just
from the physical risk perspective, but including financial, legal, social and market
risk. No risk management program, no matter how much effort went into it's
preparation or how impressive it's documentation, will have any influence on improving
safety unless it is actually being put into effective use at the coalface. There has
been many instances in many industries where some fine risk management policies and
procedures have been designed but very limited benefits have resulted in real terms
because all the fine work has ended up on someone's bookshelf or in someone's drawer
gathering dust.
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