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Integrating Risk Management in Facility Management
By Lisa Shi, BEng, MSc, MIET, MHKIE, MSaRS, SIRM Lisa   
Head of Risk Management, Associate
EC Harris (Hong Kong) Ltd
Session Description:

There is an increasing demand to drive further cost reduction while expecting better technology resilience and increased assurance on continuity of operations and business. A focused and integrated risk management plan is important for organisations with large and complex facilities portfolios. Effective integration of life-cycle risk management approach to FM outweighs the costs and allow upside and downside risks to be identified and managed effectively in a global economy. It drives consistency and supports prioritisation of CAPEX and OPEX plans, and is a mean to provide FM with compliance certainty in relation to the built assets.

The presentation will compare the benefits and common pitfalls of risk management applications, and provide the transparency necessary to identify and address the unique nature of risk found in their organizations. There is no perfect tool for risk management and a risk manager will need to customise the strategy based on sound risk management techniques, risk profiles along the supply chain and risk appetite. Two key emerging factors: risk culture and governance, as critical supporting components of risk-based decision making will be discussed.

Speaker Profile:

Lisa Shi joined EC Harris in June 2009 as the Head of Risk Management for Asia. Lisa specialises in risk, incident and business continuity management and is a specialist member of the Institution of Risk Management, member of the Safety and Reliability Society and the Institution of Engineering and Technology. Lisa has substantial practicable working experiences on corporate real estates, large-scale utilities and infrastructure projects, and advising organisations on development and implementation of risk management principles, plans and business continuity strategies that cover different aspects of a business including Facility Management. She has been involved in developing building resilience and risk-based asset management strategy for critical facilities, integrating CAPEX and operational risks to facilitate effective risk management across portfolio.