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Introduction to the RiskWiki

This wiki is sponsored by Bishop Phillips Consulting ( for the education, use and enjoyment of our clients, educators, the public and professionals involved in management consulting and risk advisory, compliance, internal audit, insurance claims management, safety, governance and risk analysis industries. It provides reference articles on management, risk and risk related functions including: Risk Management, Internal Audit, Governance, Compliance, and Process Reengineering, etc.

The RiskWiki is based on the articles, methods, manuals and papers of primarily three firms: Bishop Phillips Consulting P/L, Stanton Consulting Partners and Bishop Finance P/L. These firms are contributing a large body of work amassed over many years experience with hundreds of clients. The project to convert and upload much of our BPC software help & manuals, extended body of consulting, risk and internal audit methods and models, and education and research materials is a large and time consuming project so the RiskWiki content changes frequently and will do so for the foreseeable future.

With the exception of all software documentation, and those additional documents marked otherwise, all written material on this site may be used freely by readers for any purpose including reproduction, subject only to the retention of moral rights by the authors. Some articles may include images for which additional permission may be reuired prior to reproduction. Software documentation may be duplicated in hard-copy for internal use by registered users of the systems with current maintenance agreements. Other uses of software systems documentation will be considered on written request.

Things to See in The RiskWiki

BPC RiskManager

  • Are you looking for BPC RiskManager Documentation or to learn more about the software?
link=BPC RiskManager Software Suite
Bishop Phillips supplies the BPC RiskManagement suite of governance software that provides a complete governance solution across risk management, controls management, compliance management, insurance management, claims management, incident & hazard management, audit risk management, governance document management and survey generation and management. The system can be installed in configurations ranging from single-user to very large scale enterprise configurations.

The system is particularly suited to managing and reporting on the risk and compliance management tasks of government agencies, whole of government, special project, not-for-profits, insurance providers, service industries, utilities, and tertiary education sectors. You will find an extensive body of information covering technical, administration and user level tasks here.

If you have questions they may be answered in our frequently asked questions.

Frequently asked Questions About BPC RiskManger

What will need to be arranged prior to the installing BPC RiskManager?

Things we will need you to have arranged prior to the install:

  1. Fully patched Windows 2000, 2003 or 2008 server with IIS 6+ for the application server hosting (or if undertaking a desktop install - Windows 2000, Windows XP, Windows Vista SP2, Windows 7 PC).
  2. If using SSL/HTTPS as the communication protocol, an SSL Certificate for the Windows IIS 6/7 server for the domain you will be using for the RiskManager application server. We do not perform certificate validation – so an internal certificate should be fine but note that we use real Certificates issued by Verisign and Thawte on our sites so we have only tested under an environment where the certificates are “real”. I can not think of any reason why an internal certificate should be a problem however. Certificates are ONLY required for HTTPS, not for HTTP or Raw TCP/IP communications protocols (which is the normal way the application is used).
  3. Fully patched SQL Server 2000, 2005 or 2008 database engine (installed in ..→Read More..
Featured Article...

BPC RiskManager Software Suite

BPC RiskManager Software Suite - Risk, Compliance and Certification

The BPC RiskManager Software suite is an Enterprise Grade risk management & governance software suite supplied worldwide, and developed and supported by Bishop Phillips Consulting. Originally developed between 1995 and 1997, the system is now in its 6th major version release with updates released roughly every 3 months. Version 6 was originally released in 2006, and the Enrima Edition (the current release) was first released in 2008. The latest version was released in 2011. It is updated continuously throughout the year and, as a client, we encourage you to actively participate in the development direction.

The Enrima edition of BPC RiskManager is a single-user and multi-user risk management, compliance management, financial statements certification, insurance, survey, incidents & hazards system all in one application. You can manage multiple organisations and simultaneously view governance issues as risks, compliance obligations (legislation, processes and procedures) and compliance topics simultaneously. It manages email based reminders for a large variety of user expectations internally.

BPC RiskManager is available in 2 product streams (both of which can be configured as single user desktop or massively multiuser networked solutions). The two product streams are:

  • BPC RiskManager V5 (Express)
  • BPC RiskManager V6 (Enrima Edition)

Client Base

BPC RiskManager clients are head quartered in Australia, Canada, the United Kingdom and the United States of America. Global clients, of course have offices in many other countries. Bishop Phillips Consulting has local offices in both Australia and North America.

The system is used extensively in the education sector with a very substantial presence in Universities in both Australia and Canada and commercial education providers and colleges in the USA. Other significant client groups include insurance providers (both primary insurers and reinsurers), central government agencies (such as federal & state/province departments and local government), utilities such as postal, electrical and water utilities.

BPC RiskManager implements and substantially extends the Risk Management Standards "AS/NZS 4360:2004 :Risk Management", and "ISO 31000" and complies with the "ISO/IEC Guide 73- Risk Management – Vocabulary".

The Risk Manager is not restricted to merely following the one interpretation of the risk standards. As a consequence of its long market history, BPC RiskManager implements a large number of divergent risk management methodologies or methods. Any combination of one to three assessment groups each containing ratings for likelihood, consequnce and control are possible. For example some clients use a risk management methodology that utilises risk budgets with three rating groups "Inherent, Residual and Target" where inherent ratings shift with external factors and target shifts with the corporate risk appetite (ie a risk budget) while the residual floats according to assessment ratings.

Any number of self assessments in each group can be maintained together with a separate family of assessments and remediations created by audit/expert that coexist with management's risk assessments.

Whether your preferred risk methodology uses quantification (quantitative risk analysis), or qualification (qualitative risk analysis), BPC Risk Manager directly supports the approach on a per assessment basis. Terminology (including fields names and purpose and screen captions) is fully customisable so the system can directly implement the corporate risk methodology / risk method.

Get a Fully Functional Evaluation Copy of BPC RiskManager for FREE

You can get a free no-obligation fully functional copy of BPC RiskManager (Enrima Edition) simply ..→ Read More..

BPC SurveyManager

  • Are you looking for BPC SurveyManager Documentation or to learn more about the software?
link=BPC SurveyManager - Overview
Bundled with the BPC RiskManager suite and also supplied in both hosted and installed forms, the BPC SurveyManager software solution is an outstandingly versatile interactive web page generation engine using a survey model as the design and data storage paradigm. While being outstanding at survey creation and management the software is powerful enough to build build conventional data-input web pages. The full technical and SM language programming documentation is available from here.

Research into Virtual Worlds in Business & Education

  • Are you looking for our virtual Learning research papers?
link=Virtual Learning Systems
Through our Virtual Worlds research group - "Waisman Learning Systems", we do extensive work in the development of virtual learning and business spaces in SecondLife, and undertake considerable formal research into the application of Virtual Worlds to learning. You will find technical and text book material in our Virtual World Learning Systems pages. There is an extensive overview of the literature, and history of virtual worlds, a very large bibliography, details of our in-world networked lecture theatre control systems and lecture delivery systems, and a complete documentation of an extensive academic study undertaken by our WLS team into the effectiveness at achieving learning outcomes of different approaches in delivering course material in 3D virtual worlds.

You will find an extensive reading list and bibliography of works covering virtual worlds and virtual reality concepts, history, ideas, related technologies, and application in learning as well as relevant papers on learning taxonomies and teaching concepts relevant to virtual world learning systems here.

Internal Audit and Management Science

  • Are you heading up an Internal Audit Team or learning internal audit methods?
link=Internal Audit
If yes, you will find complete enterprise level internal audit methods and manuals on this site cross linked to our other management papers. The internal audit manuals cover everything from managing the audit team through planning the audit program to the detail of designing the audit, conducting interviews and undertaking the controls analysis; to reporting the results. Everything you are likely to need to manage and train an internal audit team is here.

  • Are you a manager, management consultant or student of Management Science?
link=Category:Management Science
You will find articles covering topics of general management and process management methods in the RiskWiki including the detailed theory and practice of plannning, process re-engineering, control theory and our proven theories in stakeholder network organisation modelling. The work here is generally unique to this site. All methods have been used extensively and effectively in practice. Start here with process engineering.

  • Are you managing a merger or an acquisition?

link=Managing Risk in Mergers & Acquisitions
Take a look here first and learn about the risks in mergers and acquisitions and successful strategies for managing them from our team who have been through it successfully from both sides or the equation multiple times.

Take A Random Look At The RiskWiki

From the Vault of the BPC RiskWiki...




A.1 Introduction

Follow Up audits are a major component of the audit process. This activity constitutes a post review of a previous audit and respective recommendations. A Follow Up Audit is not a Post Implementation Review which is a user responsibility and part of normal System Development Methodology practices.

The timing of Follow Up Audits should be within a 6 to 12 month period from issue of the original final report. User Management should be given the opportunity to assess the resources required and respective planning to address audit findings. Internal Audit at the Central Office level will monitor the status of uptake of recommendations in the Annual Audit Plan status reports. This procedure will provide a useful guide to the audit staff responsible for Follow Up Audits in that they will be quickly able to determine the status of recommendations before the Follow Up Audit is initiated.

A major outcome of Follow Up Audits is ..→Read More..

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