Continual Improvement of Risk Management
Risk management needs to be continuously improved through learning and experience. If a risk management framework is implemented once and then not updated, it can quickly become outdated and ineffective. Learn what continuous improvement is, what its four principles are, and how to improve risk culture and strengthen the risk management framework.
Learning objectives
- Recognise the benefits of continuous improvement in risk management
- Appreciate how continual improvement relates to the wider Management of Risk (MoR) framework
- Distinguish between the four principles of continuous improvement
- Recognise roles and responsibilities for continuous improvement using the three lines of defence (3LOD) model
- Take appropriate action to improve our risk culture and strengthen our risk management framework
