The success of Risk Management within firms is heavily driven by the success of its overall implementation into the organisational culture.

By this, we mean how well managers have set up risk management practices within the organisation and how seriously it is perceived by members of staff.  If goals are unclear throughout the organisation and risk management is not understood by the management team, it is likely that the Risk Management Scheme will not be as successful as it could potentially be.

To ensure that Risk Management is practical it is recommended that a member of staff is accountable for overseeing the Risk Management Scheme.  By adopting this structure, staff will have a clear vision of who to report to if any questions arise during the process.

In larger organisations, the Risk Manager may wish to elect departmental risk managers and set up a risk management committee that meets regularly to discuss various risk management issues. The risk manager holds responsibility of liaising with top level management to justify necessary expenditure for treatment controls to be implemented.