Informed risk-taking and the effective management of risk is vital in supporting The Skin Hospital to achieve its strategic objectives. To be commercially & clinically relevant, effective and promote performance and good governance, risk management should:

• Create and protect value
• Be integrated into decision-making and organisational processes
• Help make informed choices to enable allocation of scarce resources
• Be focused on managing uncertainty
• Be tailored, practical and fit-for-purpose
• Be dynamic and responsive to changes in its operating context
• Evolve in step with the organisation’s maturity

To achieve this The Skin Hospital has developed a Risk Management Framework that sets the foundations and arrangements for designing, implementing, monitoring and improving risk management.

The Risk Management Framework outlines the overall approach for managing risk including:

• The principles underpinning risk management
• Roles and responsibilities related to the management of risk
• The process for managing risk
• The criteria for assessing risk
• Guidance for reporting and escalation of risks.