IABFM Articles

The Dimensions of Risk Management - May 1999 (December 2006) | Risk Management
by Michael Vincent

Statutory inspection by definition implies that any action to look at or examine any place, item or procedure, which is imposed or required by any rule, act or law, is in fact a statutory inspection. This is further defined and amplified under regulation. ...[ Read More ]

The Dimensions of Risk - May 1999 : Risk Management – an educational perspective (Part one) (December 2006) | Risk Management
by Michael Vincent

Risk management is the emerging management philosophy of tomorrow's successful company.  We are slowly eliminating the concept linking risk management and insurance.  Industry has bee ...[ Read More ]

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

Now for this month, Bryan Trotman, a member of the Mines Rescue of NSW writes about the risks associated with the handling and use of hazardous substances within the industry. This is the third in our series from Mines Rescue NSW. ...[ Read More ]

The Future of Risk Management Success or Oblivion (December 2006) | Risk Management
by Michael Vincent

Risk managers are at a crossroad; we can chose to continue the way we are a functional line management responsibility with little or no boundaries to the function. Each firm and position is defined and constructed differently, calling yourself a risk manager only leads to confusion when you are asked, “what’s that?” The average risk manager is aging and there are no logical successors on the horizon, the succession pathway is confused because of the lack of clarity for the function. ...[ Read More ]

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 ]