Risk Management Software for Venues and Events Reliance Risk, a leading Australian risk management consultancy specialising in the venues and events industries has developed RiskSense – an online risk management tool to help venues and event promoters manage their risks. RiskSense is designed by risk management specialists but with operational users in mind, (and not other risk managers). A new approach to risk assessment The conventional approach to risk assessment is slow, tedious and often inaccurate. Starting with a blank page, managers speculate on what might go wrong with their venue or event, what the consequences might be and what they might do to prevent things going wrong or limit the damage if they do. On the basis of this ‘navel-gazing’, organisations decide where to spend time and money controlling what they hope are the highest priority risks. RiskSense reverses this approach. It pre-loads each risk assessment with the risks most commonly identified by all of its users. With this as a starting point, venue and event managers then review the data, adjusting and adding to it as necessary to reflect their particular circumstances. The program then produces a time-stamped risk management plan for that particular event or activity, complete with a list of the actions that need to be taken to control the risks. The resulting assessments are produced more quickly, easily and accurately than those using conventional methods. A better approach to incident reporting RiskSense is also designed to capture an organisation’s actual incident data and feed this back into the risk assessment process. By comparing what did go wrong (the incidents) with what was expected to go wrong in the risk assessment, organisations learn from each event or activity. The program also provides access to benchmarking data from other users with a similar risk profile. Used effectively, this fosters continual improvement of the risk management process, ultimately reducing costs by better targeting of risk control measures. From high level strategic to grass-roots operational risk; RiskSense makes risk management quick, easy and accurate. It brings a new standard of risk management to public venues and events. 1 Risk Management Software for Venues and Events What it does RiskSense is an online industry-specific risk assessment software program that can be readily customised to meet the specific needs of users. Risksense allows venue and event managers to: Assess and control business and event-related risk Produce accurate risk assessments, quickly and easily Capture, record and analyse incident data Assess the crowd safety risks of an event before it is contracted Benchmark industry risks and incident statistics within against other relevant users RiskSense is based on the international standard for risk management ISO 31000:2009. It was developed in response to an awareness that risk management is often used purely for operational compliance rather than as a tool for making sound decisions. RiskSense helps to make organisations more efficient by building a knowledge base that underpins continuous improvement and reduces the time spent on risk assessment. Product Benefits RiskSense was designed to be industry specific and highly intuitive for the user. It provides a means of: Reducing the time taken to do risk assessments Improving the quality of risk assessments Managing incident information to improve risk assessment for future events Improving standards of risk management across the venues and events industry by fostering continuous improvement and benchmarking; and Bringing together the history of incidents with the risks expected in the future helps businesses to understand the costs of their actions versus the likely benefits they will bring. This enables businesses to decide where they should spend their money based upon the assessed reduction in risk. This approach ensures that safety risks are managed to levels as low as reasonably practicable. Risksense not only promotes better decision making, by demonstrating that they have exercised due diligence it helps to protect venue and event managers from being held personally responsible if something does go wrong. 2 Risk Management Software for Venues and Events How RiskSense works RiskSense consists of three interconnected modules: Risk Assessment helps identify threats and opportunities, prioritises them based upon the individual context of the business, and assigns controls and accountabilities for addressing them. To build a a risk register the user can import exisiting registers, document individual risks or search and copy industry risks identified by other users. The industry risk register is a compilation and collaboration of risks identified by other RiskSense users in different organisations within the same risk domain. It provides a basis to draw from others experiences and helps minimise wasting resources on ‘reinventing the wheel.’ Crowd Safety Profile - allows a venue to establish the crowd safety profile of an event before it is contracted by assessing it across a range of crowd safety variables. For events considered high risk, the venue then has the option of rejecting the booking or modifying the event so that it fits within agreed safety parameters Incident Reporting – facilitates the recording and investigation of incidents to assist with the management of potential public liability or workers compensation claims. The incident register allows venue and event managers to perform detailed analysis of incident trends and generate reports. Structure of the Program RiskSense is an online software platform and database. The software and data is hosted on a dedicated server with data integrity assured through several levels of IT security and database protection. RiskSense is designed to selectively share risk assessments and incident data with other users for the purpose of benchmarking and learning while protecting privacy and ensuring that users maintain anonymity from other users. 3 Risk Management Software for Venues and Events Home Page: Enter the system through the ‘Home’ page. Risk analysis: Undertake risk analysis via the colour coded risk register. 4 Risk Management Software for Venues and Events Reports – Customise risk definitions to your business context and select the report type to generate detailed reports or executive summaries. 5 Risk Management Software for Venues and Events Benchmarking - Learn from the experiences of other users in the industry by comparing risks assessed, injury incidence rates and other statistical data. Benchmarking also allows performance indicators to be set from year to year, based on incidents that are recorded, risks assessed, injury incidence rates and other statistical data. User 1 User 4 RiskSense User 2 User 3 Every operational loss, near-miss or accident within a company is a learning opportunity. RiskSense gives each user has the capacity to learn from the experience of other users without compromising privacy or confidential information. What we offer Participating organisations can purchase an annual license to use the software. A license grants the user: Unlimited use of the software for an agreed number of users over 12 months Full software set up to customise current venues, events, functional areas, users and user privileges Free product upgrades Importing into the system any risk assessments already used by that venue Training for a client administrator and general users Product maintenance and support Quick Start and Users Guide Contact Us For more information on RiskSense or to set up a demonstration and free trial of the program contact us on: (02) 9299 0909 or at risksense@reliancerisk.com. 6