Enhancing Risk Management In Catholic Church 20150507
-
Upload
national-leadership-roundtable-on-church-management -
Category
Documents
-
view
216 -
download
1
description
Transcript of Enhancing Risk Management In Catholic Church 20150507
Enhancing the Role of Risk Management for and within the Catholic Church
Assessing Risk Program
Diocese Level
Discovering Best Prac6ces
Equipping and Sharing
Assessing Specific Risks
Parishes, Schools, Chari6es
Discovering Best Prac6ces
Equipping and Sharing
Phase I – Q2
Phase II
Phase III
Phase III
Phase IV
Phase IV
Round 1 Complete
Next Steps – Where Do We Go From Here?
Current Step – Phase I: Round 2 of the Benchmark Study & Risk Assessment Planning
Phase II: Detailed risk assessment at Diocese, Parish, School and Chari6es level
Enhancement Program Overview
Benchmark Study Objec?ves – Phase I
ü Iden6fy key strengths and challenges of today’s Diocesan risk management processes
ü Build a risk process founda?on leading to common diocesan risk language
ü Set the stage for the iden?fica?on, codifica?on and sharing of risk management best prac6ces and improvement ideas to help dioceses manage risk most effec?vely
Benchmark Study Objectives
Diocese
Assessing Risk Program
Benchmark Study Key Steps – Phase I
1. Establish a common framework 2. Customize the diagnos?c tool 3. Administer the diagnos?c 4. Analyze the diagnos?c results 5. Report the benchmark findings
Key Benchmark Study Steps
Common Framework
Ownership
Understanding
Execu6on
Element 1: Clear Risk Accountabili?es
Element 2: Appropriate Risk Capabili?es
Element 3: Proac?ve Risk Iden?fica?on
Element 4: Comprehensive Risk Assessment
Element 5: Effec?ve Risk Management Strategies
Element 6: Effec?ve Risk Monitoring & Repor?ng
Key Benchmark Demographics:
1. Round 1: 26 par?cipa?ng dioceses 2. Round 2: 81 total dioceses par?cipated (including round 1) 3. Broad na?onal geographic coverage 4. Mix of dioceses with and without dedicated risk manager role 5. Good mix of large, medium and small dioceses
Addi?onal Highlights and findings to come
Clear R
isk
Accoun
tabili6
es
Approp
riate Risk
Capa
bili6
es
Proa
c6ve Risk
Iden
6fica6o
n
Compreh
ensive
Risk Assessm
ent
Effec6v
e Risk
Mgm
t. Strategies
Defined (3)
Sustainable (5)
Ad Hoc (1)
3.05 3.48 3.48
2.66
3.17 2.97
Framework Element:
Benchmark Study Findings Round 1 & 2 of the study
Effec6v
e Risk
Mon
itorin
g/Re
por6ng
3.31 3.55
3.44
2.64
3.35
3.07
Risk Benchmark Study Findings, cont’d
• Par?cipants rated themselves reasonably strong when it comes to their iden?fica?on of risks
• Assessing the risks iden?fied and determining their level of impact and likelihood was iden?fied as a significant improvement opportunity.
Data Security
77%
...of respondents rated their data security processes “Sustainable” or a mix of “Sustainable” and “Defined.”
...of all respondents rated their risk analysis procedures “Ad Hoc” or a mix of “Ad Hoc” and “Defined.”
56%
Risk Analysis
Benchmark Study Findings Round 2 of the study
Benchmark Study Benefits
The Benefits of this ini?a?ve are: • A confiden?al, custom report for each diocese concerning their diocesan risk
management process and program;
• A na?onal peer group benchmark report reflec?ve of the par?cipa?ng dioceses across the country;
• Expert insights and findings to help iden?fy poten?al gaps in diocesan risk management processes and programs; and
• Opportuni?es to share and benefit from diocesan-‐level risk management best prac?ces and tools.
• Par?cipa?on in the broader ini?a?ve to enhance the role of risk management for and within the Catholic Church, at the (arch)diocese, parish, school and charity levels
Next Steps – Where Do We Go From Here? Interac?ve Group Discussion and Input
Collaborate to create a common risk language for Catholic en??es
• risk universe and risk defini?ons
Continue Phase I Work Risk Assessment Planning
Stakeholders Mission Returns Achieving the Catholic Church mission Appropriately serving all stakeholders Making Disciples
External/ Environment
Organiza6on Strategies/ Policies
Process/ Execu6on
People/ Culture
Financial/ Repor6ng
Technology/ Data
1. Compe?tor 2. Legal & Regulatory 3. Catastrophic Loss 4. Cost Trends 5. Stakeholder Expecta?ons 6. Terrorist
7. Strategy & Innova?on 8. Capital Alloca?on 9. Church Programs 10. Organiza?on Structure 11. Organiza?on Policies
12. Opera?ons -‐ Planning 13. Opera?ons – Process
Design 14. Opera?ons – Process
Execu?on & Con?nuity 15. Resource Capacity &
Alloca?on 16. Vendor/Partner Reliance 17. Program Effec?veness 18. Interdependency 19. Stakeholder Sa?sfac?on 20. Regulatory Compliance &
Privacy 21. Knowledge/Intellectual
Capital 22. Change Integra?on
23. Leadership Development & Succession Planning
24. Skills/Competency 25. Change Readiness 26. Communica?on 27. Performance Incen?ves 28. Accountability 29. Fraud & Abuse 30. Child Abuse
31. Performance Management
32. Budge?ng/Financial Planning
33. Accoun?ng/Tax Informa?on
34. External Repor?ng & Disclosure
35. Pricing/Margin 36. Market Intelligence 37. Contract Commitment
38. Technology Infrastructure/Architecture
39. Data Relevance & Integrity 40. Data Processing Integrity 41. Technology Reliability &
Recovery 42. IT Security
Reputa?on
• Brand Value • Public Percep?on • Stakeholder Rela?ons
Market Share
• Total Parishioners • Engaged Parishioners • Market Penetra?on • Authen?city
Income Growth
• New Sources of Contribu?ons/Dona?ons
• Parishioner Growth
Financial Stewardship • Breakeven • Cash Flow • Avoiding Surprises
– Coordinating All Aspects of Risk Sample Risk Universe
Next Steps – Where Do We Go From Here? Interac?ve Group Discussion and Input
Phase II:
o Engage dioceses in a guided risk assessment, iden?fying the impact, likelihood, and risk management effec?veness of relevant key risk types
o Include in the scope of this guided risk assessment the specific risks relevant to the deeper level of the parishes, schools, and charitable en??es that fall under a typical diocese
Recap of Future Phases of Risk Management Enhancements for the Catholic Church
Next Steps – Where Do We Go From Here? Interac?ve Group Discussion and Input
Phase III:
• Iden?fy and codify best risk management ac?vi?es, tools, prac?ces, efficiency mechanisms and cost-‐reduc?on strategies employed at various dioceses, parishes and schools to reduce the level of unintended or unwanted risk exposure
Phase IV:
• Deploy best prac?ce sharing and equipping mechanisms to help dioceses effec?vely manage key risks, and proac?vely stay ahead of the curve on the growing issues and exposure areas for the Church
Recap of Future Phases of Risk Management Enhancements for the Catholic Church