Stratos’ Jennifer Davis and Stefan Reinecke present at the 2016 Real Property Institute of Canada (RPIC) Real Property National Workshop in Ottawa on November 16. Their presentation, titled Creating a Risk-smart Culture at the Project and Program Level, draws on their experience with and observations of Indigenous and Northern Affairs Canada’s (INAC) Northern Contaminated Sites Program (NCSP) and on their deep knowledge of risk identification and management approaches.
The presentation describes the evolution of risk management in a federal program involving diverse portfolio of sites – in this case, contaminated sites in northern Canada. The risk approach addresses:
- Existing environmental and health and safety risks associated with site contamination;
- Project risks associated with the execution of medium to large-scale construction projects in a multijurisdictional and Aboriginal context; and,
- Program risks related to the achievement of financial, liability, socio-economic, climate change and other objectives.
Jennifer and Stefan describe how this approach allows for both a targeted and localized approach for the projects, and for leadership line of sight to priority project risks that could materially affect the program and the Department. Additional benefits include the ability to review all project risks in order to look for themes, trends and lessons that can be addressed systemically and/or shared throughout the diverse portfolio.
In the theory and practice of risk management there has been a growing call for inclusion of stakeholders in the setting of organizational risk tolerance and in identifying, assessing and managing risks. This presentation also describes a pilot initiative at one Northern contaminated sites to identify and assess technical risks in a multi-party workshop.
For more details on their presentation, read the full abstract here. To discuss how Stratos can help your organization with risk identification and management, contact Jennifer Davis or Stefan Reinecke.