Common use of Critical Success Factors Clause in Contracts

Critical Success Factors. In order to assess the adequacy and success of our approach to risk management a number of critical success factors have been identified:  senior management support, own, and lead on risk management;  risk management policies and the benefits of effective management are clearly communicated to all staff;  the organisational culture supports well thought through risk taking and innovation;  management of risk is fully embedded in management processes and consistently applied;  management of risk is closely linked to achievement of objectives;  risks associated with working with other organisations are assessed and managed;  risks are actively monitored and regularly reviewed.

Critical Success Factors. In order to assess the adequacy and success of our approach to risk management a number of critical success factors have been identified:  • senior management support, own, and lead on risk management;  • risk management policies and the benefits of effective management are clearly communicated to all staff;  • the organisational culture supports well thought through risk taking and innovation;  • management of risk is fully embedded in management processes and consistently applied;  • management of risk is closely linked to achievement of objectives;  • risks associated with working with other organisations are assessed and managed;  • risks are actively monitored and regularly reviewed.