'Near enough good enough' attitude to risk management

Peter Dinham
Sunday, 15 March 2009 13:02

IT Industry - Deals

Gill said that recent events and the current economic meltdown have shown Australians that responding to a crisis is only part of the solution, and there were practical considerations to be put in place to be ahead of the game.

Longhaus CEO, Peter Carr, said he believed organisations did not have a unified approach to managing risk and instead simply reacted to external events.
 
“Whenever there is a crisis we find a solution and then move on to the next issue. The economic disaster hit so we reacted with stimulus plans and massive bailouts; global warming comes and so we react with things like carbon trading.  And the list goes on,” Carr warned.

In other findings, the research undertaken by ICT research and advisory firm, Longhaus for TechnologyOne, found that Australian organisations rate energy consumption as the most important environmental factor requiring management, ahead of other factors including recycling, raw resource management, carbon and emissions management, and ecosystem impact.

Of the businesses surveyed, 36% rated energy consumption as the most important environmental factor for their organisation, significantly ahead of carbon or emissions management (14%), recycling (12%), ecosystem impact (8%), and raw resource management (8%).

The survey of more than 110 senior business decision makers, including CEOs, CIOs and CFOs, canvassed state and federal government departments, local councils, higher education institutions, financial services organisations, health and community services, as well as utility providers.