Checklists As a Risk Management Tool.

We often underestimate how beneficial Checklists as a risk management tool can be.

As you may have seen from other of my blog posts, “TPB CHARGES – A NEED FOR A FINE TOOTHED COMB” , and “MISUSE OF TAX PRACTITIONERS CODE OF CONDUCT.” , it is very easy for an organisation to find itself in strife for alleged noncompliance with Codes of Conduct.

The question becomes, “How does one minimise the risk?”

Detailed review of everything one does on a daily basis is not always practicable nor economic, so finding a value for money risk management tool can help.

This blog post deals with what is perhaps the easiest of risk management tools.

That is, the old check list.

Cost Efficiency and Value for Money

In the old days, in conveyancing matters, one firm I worked with had attached on the front of each file a check list of things to be done, date they had to be done, date they were done and the like. rarely did they have a problem.

It cost all but nothing but was an instant visual guide as to where those matters were up to, what had been done and what was yet to be done.

As times have changes, so have processes.

Now the checklist can be paper based or virtual and colour-coded. Where operations are increasingly “online” the desirability and utility of checklists becomes all the more important and more beneficial.

With job sharing and part time workers, the benefits of check lists are obvious, provided they are up to date a and reviewed as processes change.

Producing an up-to-date checklist tailored to the needs and circumstances a particular organisation’s various operations can be a significant burden if done in house.

The advantage of properly produced checklists is that they are prepared totally by reference to the prescribed requirements, whether under a Code of Conduct or otherwise, not just by reference to “what we usually do”.

Feel free to contact me if you would like some help in preparing checklists for your organisation’s operations.