GAFM Articles

The Dimensions of Risk - October 1998 (December 2006) | Risk Management
by Michael Vincent

Risk management is interpreted differently by different people depending on their functions and responsibilities in the educational environment. It is vital that educational providers, both state and private, understand the difference between risk control and loss control in order to appreciate which tangible outcomes and benefits correct risk management can provide. Educational providers who adopt the concept of risk management are moved to protect their most valuable asset, the educator. Risk exposure is viewed in this context, not as the potential for financial loss but rather as undesirable health outcomes for teachers that may translate in direct financial losses. ...[ Read More ]

The Dimensions of Risk - September 1998 (December 2006) | Risk Management
by Michael Vincent

This project was undertaken by Marc Kaemper, Marc has considerable experience in the area and he completed his studies by distance education. Invariably, crises are managed in a demanding environment of time pressure, lack of information, high stakes, emotion and stress. The purpose of the study was to investigate how stress affects crisis management performance in a tiered crisis management system. ...[ Read More ]

The Dimensions of Risk Management -September (December 2006) | Risk Management
by Michael Vincent

Majorie Riley, is a risk management practitioner from Western Australia, she is an experienced manager of risk and has worked with some major firms in several states. Her research project focused on disaster recovery and business resumption. Majorie believes that an outcome of recovery and contingency planning will be the facilitation of a rapid resumption of critical business operations. ...[ Read More ]

The Future of Risk Management - Educational Review Issues (December 2006) | Risk Management
by Michael Vincent

Other more formally recognised and defined professions are circling and seeking the chance to claim the mantle of risk managers. This can happen if we do not set a pathway to the attainment of formally recognised professional status. If we fail and the other professions succeed then companies potentially lose out because the full application of the risk umbrella is not implemented; rather a methodology is implemented that represents the winning parasitic discipline rather than the holistic risk management approach. ...[ Read More ]

Risk Management – The need for formal education (December 2006) | Risk Management
by Michael Vincent

Risk management is the ability to identify, measure and finance the risks facing an entity in an effective way to ensure corporate growth and survival. ...[ Read More ]