Disaster Risk Assessment and Risk Financing

Abstract

Portfolio management is a discipline whose time has come. Recent reports from the UK government’s capability reviews, as well as from the National Audit Office, have highlighted the importance of improved prioritization of our investment in change. This is not a challenge facing the public sector alone – ensuring successful delivery and realizing the full benefits, in terms of realizing efficiency savings and contribution to strategic objectives, are of relevance across all sectors of the economy and in all jurisdictions. It is here that portfolio management plays a critical role in facilitating organizational survival and growth – by better coordinating investment in programmes and projects, improving the management of risk, encouraging collaborative working and by providing accurate, timely information that enhances management decisionmaking, organizations are able to: ■■ Invest in the ‘right’ programmes