Benchmarking

Regular benchmarking allows us to provide governance and assurance for the benefit of our members, with assessment tied into several defined strands of activity.

Based on ALARM’s National performance model for risk management in public services (2009), benchmarking focuses on seven defined strands of risk management activity:

  1. Leadership and management
  2. Strategy and policy
  3. People
  4. Partnership, shared risks and resources
  5. Processes and tools
  6. Risk handling and assurance
  7. Outcomes and delivery.

How it works

Risk management is graded on a five-point scale from 1 which is a basic level of awareness to 5, which is fully embedded risk management within the organisation - influencing how decisions are made and how it's managed internally.

We issue a report to club members showing how members' assessments compare.

So, what are the benefits?

Benchmarking allows your organisation to:

  • Assess your organisation against the national standard and compare performance with others
  • Track and record your changes in performance over time
  • Identify risks similar organisations include in their strategic risk registers
  • Provide evidence of assurance to audit to committees and senior management
  • Identify how others successfully facilitate risk management
  • Inform annual risk management plans
  • Share best practice and learn from fellow risk professionals
  • Receive an automatically populated action plan as you complete the exercise
  • Gather clear and simple reports online.

Deadlines

  • Questionnaire distribution - 16 August 2019
  • Data to be returned to CIPFA - 27 September 2019
  • CIPFA draft reports available - 1 November 2019
  • CIPFA final reports sent to participants - 29 November 2019.

Investment

So, how much does it cost? The member or non-member fee depends on the size of your organisation. Please see the full breakdown below.

As always, if you have any queries get in touch with the ALARM Office today - we'd be happy to assist you.

Size of organisation Member fee Non-member fee
1 - 1,000 employees £300 +VAT £375 +VAT
1,001+ employees £500 +VAT £700 +VAT

What's included

Please note that fees include:

  • Clear and simple data collection
  • A telephone helpline and email service
  • Detailed comparative reports and interactive tools
  • Online access to all outputs
  • A place at review meetings.

Sounds great, how do I join?

Please contact benchmarking@alarmrisk.com for an application form.

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If you have a specific query, why not contact a member of our office team directly? We will be pleased to assist you - whatever your question.

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