The Alarm CIPFA Risk Management Benchmarking Club, which was launched in 2010, has won the prestigious award of ‘Best Risk Management Product of the Year’ at the 2011 Risk Management Awards Gala Dinner, held in London on 16th November.
Against tough opposition from Datatecnics, Lockton, Marsh Risk Consulting, Prevenex Europe and Siemens Building Technologies, the Risk Management Benchmarking Club was singled out for its obvious impact on improving organisational performance.
The product provides risk management professionals an in-depth picture of the maturity of their risk management to enable them to shape and improve their worth. It combines CIPFA Information Service’s successful benchmarking club methodology with Alarm’s risk management expertise.
The award was presented by comedienne and television presenter Ruby Wax at a gala dinner hosted at the Lancaster London Hotel.
It was a successful evening for local government too with Essex County Council picking up the award for Not for Profit Risk Management Team of the Year, the team was also highly commended in the ERM Strategy of the Year category.
Dr Lynn Drennan CEO of Alarm, said,
“The Benchmarking Club is a result of years of work on Alarm’s part to develop performance indicators for risk management in public service organisations, and our partnership with CIPFA which has considerable experience in running a number of benchmarking clubs. We are delighted to have won this prestigious prize”.
Jon Graham, CIPFA Managing Director, said,
“This is a superb accolade for a benchmarking club that really helps risk management professionals deliver the best for their organisations. By working with Alarm, CIPFA Information Services was able to combine its technical excellence with Alarm’s risk management expertise to develop a truly outstanding product.”
CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance.
Alarm is the public risk management association. Members are drawn from across the public services, including national and local government, health, housing, education, police and fire & rescue services. Alarm’s mission is supporting excellence in public services. The association is achieving this mission through developing and supporting best practice in public risk management, representing the interests of public risk practitioners and promoting excellence in the use of risk management.